$1.22 Billion in Sales Expected for Winnebago Industries, Inc. (NYSE:WGO) This Quarter

Analysts expect that Winnebago Industries, Inc. (NYSE:WGOGet Rating) will post $1.22 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Winnebago Industries’ earnings. The lowest sales estimate is $1.17 billion and the highest is $1.26 billion. Winnebago Industries reported sales of $960.74 million during the same quarter last year, which would suggest a positive year over year growth rate of 27%. The business is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Winnebago Industries will report full-year sales of $4.71 billion for the current financial year, with estimates ranging from $4.58 billion to $4.80 billion. For the next financial year, analysts expect that the company will post sales of $4.35 billion, with estimates ranging from $4.05 billion to $4.63 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Winnebago Industries.

Winnebago Industries (NYSE:WGOGet Rating) last released its quarterly earnings data on Wednesday, March 23rd. The construction company reported $3.14 EPS for the quarter, beating the consensus estimate of $2.94 by $0.20. Winnebago Industries had a return on equity of 35.21% and a net margin of 8.02%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm posted $2.12 earnings per share. Winnebago Industries’s revenue was up 38.7% compared to the same quarter last year.

Several research analysts have weighed in on WGO shares. Truist Financial dropped their price target on Winnebago Industries from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, March 24th. CL King upgraded Winnebago Industries from a “neutral” rating to a “strong-buy” rating and set a $102.00 price target for the company in a research report on Friday, January 7th. Zacks Investment Research downgraded Winnebago Industries from a “buy” rating to a “hold” rating and set a $67.00 price objective on the stock. in a research report on Monday, February 21st. Citigroup assumed coverage on Winnebago Industries in a report on Thursday, February 10th. They issued a “buy” rating and a $83.00 target price for the company. Finally, StockNews.com began coverage on shares of Winnebago Industries in a research note on Thursday, March 31st. They set a “hold” rating for the company. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $83.50.

NYSE:WGO traded up $1.44 during mid-day trading on Wednesday, hitting $55.78. 666,604 shares of the company traded hands, compared to its average volume of 776,282. The stock’s fifty day moving average price is $60.22 and its 200-day moving average price is $67.58. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 5.53 and a beta of 1.80. Winnebago Industries has a one year low of $51.29 and a one year high of $85.15. The company has a quick ratio of 1.16, a current ratio of 2.18 and a debt-to-equity ratio of 0.44.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 27th. Shareholders of record on Wednesday, April 13th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, April 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.29%. Winnebago Industries’s dividend payout ratio is currently 7.14%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Koshinski Asset Management Inc. purchased a new position in shares of Winnebago Industries in the 3rd quarter valued at $25,000. Point72 Hong Kong Ltd bought a new position in Winnebago Industries in the fourth quarter worth about $34,000. Whittier Trust Co. purchased a new stake in shares of Winnebago Industries during the fourth quarter valued at about $99,000. Acadian Asset Management LLC bought a new stake in shares of Winnebago Industries in the 4th quarter valued at about $131,000. Finally, Captrust Financial Advisors grew its position in shares of Winnebago Industries by 9.4% in the 3rd quarter. Captrust Financial Advisors now owns 2,532 shares of the construction company’s stock worth $183,000 after buying an additional 218 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Winnebago Industries Company Profile (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 and Estimates for Winnebago Industries (NYSE:WGO)

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