Analysts Anticipate Winnebago Industries, Inc. (WGO) Will Post Quarterly Sales of $430.63 Million

Equities research analysts expect Winnebago Industries, Inc. (NYSE:WGO) to report $430.63 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Winnebago Industries’ earnings, with the highest sales estimate coming in at $464.70 million and the lowest estimate coming in at $394.30 million. Winnebago Industries reported sales of $468.36 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.1%. The business is scheduled to issue its next quarterly earnings results on Wednesday, March 20th.

On average, analysts expect that Winnebago Industries will report full year sales of $2.07 billion for the current year, with estimates ranging from $2.02 billion to $2.14 billion. For the next year, analysts forecast that the firm will report sales of $2.19 billion, with estimates ranging from $2.14 billion to $2.25 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Winnebago Industries.

Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, December 19th. The construction company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.13. The business had revenue of $493.65 million during the quarter, compared to analysts’ expectations of $482.96 million. Winnebago Industries had a net margin of 5.17% and a return on equity of 20.10%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 earnings per share.

A number of equities research analysts have commented on the stock. SunTrust Banks dropped their price objective on shares of Winnebago Industries to $34.00 and set a “positive” rating on the stock in a research report on Thursday, December 20th. TheStreet cut shares of Winnebago Industries from a “b-” rating to a “c+” rating in a research note on Monday, December 10th. Robert W. Baird dropped their target price on shares of Winnebago Industries from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, October 18th. Zacks Investment Research raised shares of Winnebago Industries from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Saturday. Finally, BMO Capital Markets reduced their price target on shares of Winnebago Industries to $42.00 and set an “outperform” rating on the stock in a research report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Winnebago Industries presently has a consensus rating of “Buy” and a consensus price target of $40.40.

Shares of WGO stock traded down $0.09 during trading hours on Wednesday, hitting $28.54. The company had a trading volume of 310,800 shares, compared to its average volume of 690,496. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.72. Winnebago Industries has a fifty-two week low of $19.77 and a fifty-two week high of $47.76. The firm has a market cap of $917.02 million, a P/E ratio of 9.06 and a beta of 1.49.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 9th were paid a dividend of $0.11 per share. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, January 8th. This represents a $0.44 annualized dividend and a yield of 1.54%. Winnebago Industries’s payout ratio is presently 13.97%.

In other news, VP Steven Scott Degnan sold 10,013 shares of the business’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $30.11, for a total transaction of $301,491.43. Following the completion of the transaction, the vice president now owns 32,449 shares of the company’s stock, valued at $977,039.39. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.57% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in WGO. Millennium Management LLC raised its holdings in Winnebago Industries by 6.4% during the 2nd quarter. Millennium Management LLC now owns 55,607 shares of the construction company’s stock worth $2,258,000 after buying an additional 3,333 shares during the period. IndexIQ Advisors LLC increased its stake in shares of Winnebago Industries by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 60,459 shares of the construction company’s stock valued at $2,004,000 after buying an additional 2,283 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Winnebago Industries by 38.0% in the third quarter. Victory Capital Management Inc. now owns 7,506 shares of the construction company’s stock valued at $249,000 after buying an additional 2,067 shares in the last quarter. MetLife Investment Advisors LLC boosted its holdings in Winnebago Industries by 55.0% in the third quarter. MetLife Investment Advisors LLC now owns 23,204 shares of the construction company’s stock valued at $769,000 after acquiring an additional 8,237 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Winnebago Industries in the third quarter valued at about $2,930,000. 85.54% of the stock is owned by institutional investors.

Winnebago Industries Company Profile

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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Earnings History and Estimates for Winnebago Industries (NYSE:WGO)

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