Analysts predict that Winnebago Industries, Inc. (NYSE:WGO) will announce $0.72 earnings per share for the current quarter, Zacks reports. Five analysts have made estimates for Winnebago Industries’ earnings. The highest EPS estimate is $0.75 and the lowest is $0.63. Winnebago Industries reported earnings per share of $0.49 during the same quarter last year, which indicates a positive year-over-year growth rate of 46.9%. The company is scheduled to report its next earnings report on Thursday, October 12th.
According to Zacks, analysts expect that Winnebago Industries will report full-year earnings of $2.24 per share for the current financial year, with EPS estimates ranging from $2.14 to $2.28. For the next fiscal year, analysts forecast that the firm will report earnings of $2.76 per share, with EPS estimates ranging from $2.40 to $3.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Winnebago Industries.
Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, June 21st. The construction company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.22. The business had revenue of $476.40 million during the quarter, compared to analysts’ expectations of $440.94 million. Winnebago Industries had a net margin of 4.39% and a return on equity of 20.01%. The company’s quarterly revenue was up 75.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 earnings per share.
Several analysts have recently commented on the stock. BidaskClub cut shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. ValuEngine upgraded shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BMO Capital Markets restated a “hold” rating and issued a $34.00 target price on shares of Winnebago Industries in a research note on Friday, September 1st. Zacks Investment Research cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. Finally, Stifel Nicolaus assumed coverage on shares of Winnebago Industries in a research note on Thursday, July 6th. They issued a “buy” rating and a $40.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $34.83.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Winnebago Industries by 6.5% in the second quarter. BlackRock Inc. now owns 3,426,574 shares of the construction company’s stock valued at $119,930,000 after purchasing an additional 210,269 shares during the period. Royce & Associates LP raised its position in Winnebago Industries by 1.6% during the first quarter. Royce & Associates LP now owns 2,317,037 shares of the construction company’s stock worth $67,773,000 after acquiring an additional 36,761 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Winnebago Industries by 9.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,846,289 shares of the construction company’s stock worth $64,620,000 after acquiring an additional 157,772 shares during the last quarter. Vanguard Group Inc. raised its position in Winnebago Industries by 6.7% during the second quarter. Vanguard Group Inc. now owns 1,567,654 shares of the construction company’s stock worth $54,868,000 after acquiring an additional 97,867 shares during the last quarter. Finally, Cooke & Bieler LP raised its position in Winnebago Industries by 2.4% during the second quarter. Cooke & Bieler LP now owns 1,554,738 shares of the construction company’s stock worth $54,416,000 after acquiring an additional 36,376 shares during the last quarter. Hedge funds and other institutional investors own 84.65% of the company’s stock.
Winnebago Industries (NYSE WGO) remained flat at $39.25 during mid-day trading on Wednesday. The stock had a trading volume of 166,359 shares. Winnebago Industries has a 52 week low of $22.28 and a 52 week high of $40.90. The stock has a market capitalization of $1.24 billion, a P/E ratio of 19.61 and a beta of 1.97. The stock has a 50 day moving average of $36.15 and a 200-day moving average of $31.42.
Winnebago Industries Company Profile
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
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