Brokerages Anticipate Winnebago Industries, Inc. (NYSE:WGO) to Announce $3.01 Earnings Per Share

Equities research analysts expect Winnebago Industries, Inc. (NYSE:WGOGet Rating) to report earnings per share of $3.01 for the current quarter, Zacks reports. Four analysts have made estimates for Winnebago Industries’ earnings, with the highest EPS estimate coming in at $3.27 and the lowest estimate coming in at $2.81. Winnebago Industries posted earnings of $2.16 per share during the same quarter last year, which indicates a positive year over year growth rate of 39.4%. The business is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Winnebago Industries will report full-year earnings of $12.40 per share for the current year, with EPS estimates ranging from $11.85 to $13.65. For the next financial year, analysts forecast that the firm will report earnings of $9.15 per share, with EPS estimates ranging from $6.50 to $10.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Winnebago Industries.

Winnebago Industries (NYSE:WGOGet Rating) last announced its quarterly earnings results on Wednesday, March 23rd. The construction company reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $0.08. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.10 billion. Winnebago Industries had a net margin of 8.02% and a return on equity of 35.21%. The company’s revenue for the quarter was up 38.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.12 earnings per share.

Several analysts have issued reports on WGO shares. Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating in a report on Tuesday, May 17th. MKM Partners started coverage on Winnebago Industries in a report on Thursday, May 5th. They set a “buy” rating and a $79.00 price objective on the stock. StockNews.com assumed coverage on Winnebago Industries in a report on Thursday, March 31st. They set a “hold” rating on the stock. BMO Capital Markets lowered their target price on Winnebago Industries from $95.00 to $85.00 in a research note on Monday, May 16th. Finally, Truist Financial lowered their target price on Winnebago Industries to $62.00 in a research note on Thursday, May 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $73.00.

Several hedge funds and other institutional investors have recently modified their holdings of WGO. Vanguard Group Inc. raised its stake in Winnebago Industries by 13.7% during the first quarter. Vanguard Group Inc. now owns 2,807,506 shares of the construction company’s stock worth $151,689,000 after acquiring an additional 338,099 shares in the last quarter. Cooke & Bieler LP raised its stake in Winnebago Industries by 0.9% during the first quarter. Cooke & Bieler LP now owns 2,094,087 shares of the construction company’s stock worth $113,144,000 after acquiring an additional 18,620 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Winnebago Industries by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,469,012 shares of the construction company’s stock worth $79,374,000 after acquiring an additional 51,958 shares in the last quarter. State Street Corp raised its stake in Winnebago Industries by 4.4% during the first quarter. State Street Corp now owns 1,115,016 shares of the construction company’s stock worth $60,244,000 after acquiring an additional 47,433 shares in the last quarter. Finally, Oxford Financial Group Ltd. raised its stake in Winnebago Industries by 80.8% during the fourth quarter. Oxford Financial Group Ltd. now owns 888,457 shares of the construction company’s stock worth $66,563,000 after acquiring an additional 397,122 shares in the last quarter. Institutional investors and hedge funds own 94.86% of the company’s stock.

Winnebago Industries stock traded down $1.58 during midday trading on Friday, hitting $47.99. The company’s stock had a trading volume of 493,565 shares, compared to its average volume of 882,835. 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 stock’s 50-day moving average price is $53.14 and its 200-day moving average price is $62.49. Winnebago Industries has a 12 month low of $43.05 and a 12 month high of $80.30. The company has a market capitalization of $1.57 billion, a PE ratio of 4.76 and a beta of 1.70.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 8th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, June 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.50%. Winnebago Industries’s dividend payout ratio (DPR) is presently 7.14%.

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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