Winnebago Industries (NYSE:WGO) Posts Earnings Results, Beats Expectations By $1.17 EPS

Winnebago Industries (NYSE:WGOGet Rating) announced its earnings results on Wednesday. The construction company reported $4.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $1.17, Fidelity Earnings reports. Winnebago Industries had a return on equity of 35.21% and a net margin of 8.02%. During the same period in the previous year, the firm posted $2.16 earnings per share.

Shares of WGO stock opened at $48.38 on Thursday. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 4.79 and a beta of 1.70. The stock has a 50 day simple moving average of $51.31 and a 200-day simple moving average of $60.24. Winnebago Industries has a 12-month low of $43.05 and a 12-month high of $80.30. The company has a current ratio of 2.18, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 8th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Tuesday, June 7th. Winnebago Industries’s dividend payout ratio (DPR) is 7.14%.

A number of analysts recently issued reports on WGO shares. TheStreet cut Winnebago Industries from a “b-” rating to a “c+” rating in a research report on Monday, June 13th. Truist Financial decreased their target price on Winnebago Industries to $62.00 in a research report on Thursday, May 26th. Robert W. Baird decreased their price objective on Winnebago Industries from $80.00 to $70.00 in a research report on Thursday. Citigroup decreased their price objective on Winnebago Industries from $74.00 to $67.00 and set a “buy” rating for the company in a research report on Tuesday, April 19th. Finally, BMO Capital Markets decreased their price objective on Winnebago Industries from $95.00 to $85.00 in a research report on Monday, May 16th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $76.44.

Hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. raised its stake in shares of Winnebago Industries by 71.8% during the 1st quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock worth $34,000 after buying an additional 260 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Winnebago Industries by 79.6% during the 1st quarter. Captrust Financial Advisors now owns 3,134 shares of the construction company’s stock worth $169,000 after buying an additional 1,389 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Winnebago Industries by 6.2% during the 1st quarter. Guggenheim Capital LLC now owns 3,947 shares of the construction company’s stock worth $213,000 after buying an additional 232 shares in the last quarter. Delphia USA Inc. raised its stake in shares of Winnebago Industries by 41.6% during the 1st quarter. Delphia USA Inc. now owns 4,687 shares of the construction company’s stock worth $253,000 after buying an additional 1,378 shares in the last quarter. Finally, Cetera Advisor Networks LLC purchased a new position in shares of Winnebago Industries during the 1st quarter worth approximately $324,000. 94.86% of the stock is owned by institutional investors and hedge funds.

About Winnebago Industries (Get Rating)

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 six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.

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Earnings History for Winnebago Industries (NYSE:WGO)

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