Winnebago Industries, Inc. (NYSE:WGO) – SunTrust Banks reduced their Q3 2019 earnings per share (EPS) estimates for shares of Winnebago Industries in a note issued to investors on Tuesday, November 27th. SunTrust Banks analyst M. Swartz now anticipates that the construction company will post earnings of $1.24 per share for the quarter, down from their previous forecast of $1.29.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, October 17th. The construction company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.03. Winnebago Industries had a return on equity of 20.27% and a net margin of 5.08%. The business had revenue of $536.20 million for the quarter, compared to the consensus estimate of $498.30 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. Winnebago Industries’s revenue for the quarter was up 17.9% compared to the same quarter last year.
WGO has been the topic of a number of other research reports. Zacks Investment Research upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a report on Friday, August 31st. ValuEngine downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Northcoast Research reiterated a “buy” rating on shares of Winnebago Industries in a report on Friday, August 17th. Finally, Robert W. Baird lowered their price target on Winnebago Industries from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, October 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $51.60.
Shares of WGO stock opened at $24.84 on Friday. Winnebago Industries has a 1-year low of $23.62 and a 1-year high of $58.65. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. The firm has a market cap of $778.05 million, a PE ratio of 7.89 and a beta of 1.64.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WGO. Itau Unibanco Holding S.A. acquired a new stake in Winnebago Industries during the second quarter valued at $138,000. BlueMountain Capital Management LLC boosted its position in Winnebago Industries by 174.8% during the second quarter. BlueMountain Capital Management LLC now owns 3,886 shares of the construction company’s stock valued at $158,000 after purchasing an additional 2,472 shares during the last quarter. Amalgamated Bank acquired a new stake in Winnebago Industries during the second quarter valued at $204,000. Xact Kapitalforvaltning AB acquired a new stake in Winnebago Industries during the second quarter valued at $217,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Winnebago Industries during the second quarter valued at $238,000. 83.17% of the stock is owned by hedge funds and other institutional investors.
About Winnebago Industries
Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.
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