Winnebago Industries (WGO) Set to Announce Quarterly Earnings on Wednesday

Winnebago Industries (NYSE:WGO – Get Rating) will announce its earnings results before the market opens on Wednesday, March 22nd. Analysts expect the company to announce earnings of $1.38 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Winnebago Industries (NYSE:WGO – Get Rating) last announced its quarterly earnings results on Friday, December 16th. The construction company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.24. Winnebago Industries had a net margin of 7.39% and a return on equity of 32.66%. The company had revenue of $952.20 million for the quarter, compared to analysts’ expectations of $898.59 million. On average, analysts expect Winnebago Industries to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Winnebago Industries Trading Up 1.9 %

Shares of NYSE:WGO opened at $57.50 on Wednesday. Winnebago Industries has a 12 month low of $43.05 and a 12 month high of $70.53. The company has a quick ratio of 1.15, a current ratio of 2.42 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $62.30 and its 200 day simple moving average is $58.71. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 5.45 and a beta of 1.68.

Hedge Funds Weigh In On Winnebago Industries

Several large investors have recently modified their holdings of the business. State of Wyoming acquired a new stake in shares of Winnebago Industries in the 4th quarter valued at about $26,000. Advisors Asset Management Inc. increased its position in Winnebago Industries by 71.8% during the first quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock worth $34,000 after buying an additional 260 shares in the last quarter. Industrial Alliance Investment Management Inc. purchased a new position in Winnebago Industries during the fourth quarter worth $48,000. Amundi boosted its holdings in shares of Winnebago Industries by 27.3% during the fourth quarter. Amundi now owns 1,709 shares of the construction company’s stock worth $106,000 after purchasing an additional 367 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in Winnebago Industries by 79.6% in the first quarter. Captrust Financial Advisors now owns 3,134 shares of the construction company’s stock valued at $169,000 after acquiring an additional 1,389 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on WGO shares. Truist Financial lifted their target price on shares of Winnebago Industries from $62.00 to $76.00 in a report on Friday, February 17th. Citigroup raised their price objective on shares of Winnebago Industries from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 24th. MKM Partners raised their price objective on shares of Winnebago Industries from $53.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, January 27th. Finally, Northcoast Research lowered shares of Winnebago Industries from a “buy” rating to a “neutral” rating in a research report on Monday, February 6th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $71.00.

Winnebago Industries Company Profile

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Winnebago Industries, Inc engages in the manufacture of recreational vehicles and marine products. It operates through the following business segments: Towable, Motorhome, and Marine. The Towable segment includes non-motorized vehicles that are designed to be towed by automobiles, pickup trucks, SUVs, and vans and are used as temporary living quarters for recreational travel.