Research Analysts Issue Forecasts for Winnebago Industries, Inc.’s Q3 2022 Earnings (NYSE:WGO)

Winnebago Industries, Inc. (NYSE:WGOGet Rating) – Equities research analysts at DA Davidson issued their Q3 2022 EPS estimates for Winnebago Industries in a report released on Wednesday, April 13th. DA Davidson analyst B. Rolle anticipates that the construction company will earn $2.95 per share for the quarter. DA Davidson has a “Buy” rating and a $70.00 price objective on the stock. DA Davidson also issued estimates for Winnebago Industries’ FY2022 earnings at $12.35 EPS and FY2023 earnings at $10.00 EPS.

A number of other brokerages also recently commented on WGO. Citigroup started coverage on shares of Winnebago Industries in a research note on Thursday, February 10th. They issued a “buy” rating and a $83.00 price objective for the company. Zacks Investment Research downgraded Winnebago Industries from a “buy” rating to a “hold” rating and set a $67.00 price target on the stock. in a research report on Monday, February 21st. CL King raised Winnebago Industries from a “neutral” rating to a “strong-buy” rating and set a $102.00 price target on the stock in a research report on Friday, January 7th. BMO Capital Markets dropped their price objective on shares of Winnebago Industries from $115.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, March 24th. Finally, StockNews.com started coverage on shares of Winnebago Industries in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Five investment 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. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $83.50.

Winnebago Industries stock opened at $55.90 on Friday. The company has a 50 day moving average price of $60.04 and a 200-day moving average price of $67.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 2.18. Winnebago Industries has a fifty-two week low of $51.29 and a fifty-two week high of $85.15. The company has a market capitalization of $1.83 billion, a PE ratio of 5.54 and a beta of 1.80.

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

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

Several institutional investors have recently added to or reduced their stakes in WGO. First Trust Advisors LP increased its position in shares of Winnebago Industries by 35.5% in the first quarter. First Trust Advisors LP now owns 88,382 shares of the construction company’s stock worth $2,753,000 after acquiring an additional 23,157 shares in the last quarter. Morgan Stanley increased its position in shares of Winnebago Industries by 50.0% in the second quarter. Morgan Stanley now owns 245,218 shares of the construction company’s stock worth $16,666,000 after acquiring an additional 81,768 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Winnebago Industries by 9.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 38,599 shares of the construction company’s stock valued at $2,796,000 after purchasing an additional 3,212 shares in the last quarter. Eukles Asset Management grew its holdings in Winnebago Industries by 13.9% during the 3rd quarter. Eukles Asset Management now owns 9,010 shares of the construction company’s stock valued at $653,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Maryland State Retirement & Pension System acquired a new stake in Winnebago Industries during the 3rd quarter valued at $953,000. 92.03% of the stock is owned by institutional investors.

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.

Further Reading

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

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