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

Analysts forecast that Winnebago Industries, Inc. (NYSE:WGOGet Rating) will report $3.01 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Winnebago Industries’ earnings. The lowest EPS estimate is $2.81 and the highest is $3.27. Winnebago Industries posted earnings per share of $2.16 in the same quarter last year, which indicates a positive year over year growth rate of 39.4%. The firm 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 fiscal year, analysts anticipate that the business will report earnings of $9.15 per share, with EPS estimates ranging from $6.50 to $10.30. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Winnebago Industries.

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 analysts’ consensus estimates of $3.06 by $0.08. Winnebago Industries had a return on equity of 35.21% and a net margin of 8.02%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the company earned $2.12 earnings per share. The business’s revenue was up 38.7% compared to the same quarter last year.

Several research firms recently issued reports on WGO. Citigroup reduced their price target on Winnebago Industries from $74.00 to $67.00 and set a “buy” rating for the company in a research note on Tuesday, April 19th. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating in a report on Tuesday, May 17th. DA Davidson cut Winnebago Industries from a “buy” rating to a “neutral” rating and set a $52.00 price objective for the company. in a report on Thursday, May 19th. MKM Partners assumed coverage on Winnebago Industries in a report on Thursday, May 5th. They issued a “buy” rating and a $79.00 price objective for the company. Finally, Zacks Investment Research cut Winnebago Industries from a “hold” rating to a “strong sell” rating and set a $39.00 price objective for the company. in a report on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $73.00.

A number of institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP grew its position in shares of Winnebago Industries by 35.5% in the 1st quarter. First Trust Advisors LP now owns 88,382 shares of the construction company’s stock valued at $2,753,000 after buying an additional 23,157 shares during the last quarter. Morgan Stanley grew its position in shares of Winnebago Industries by 50.0% in the 2nd quarter. Morgan Stanley now owns 245,218 shares of the construction company’s stock valued at $16,666,000 after buying an additional 81,768 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Winnebago Industries by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 556,432 shares of the construction company’s stock valued at $40,313,000 after buying an additional 15,496 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Winnebago Industries by 201.4% in the 3rd quarter. Schroder Investment Management Group now owns 82,195 shares of the construction company’s stock valued at $5,955,000 after buying an additional 54,923 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Winnebago Industries in the 3rd quarter valued at about $251,000. 94.86% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE WGO traded down $1.58 during midday trading on Friday, hitting $47.99. 493,565 shares of the company’s stock were exchanged, 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. Winnebago Industries has a 12 month low of $43.05 and a 12 month high of $80.30. The company’s 50 day moving average price is $53.14 and its 200 day moving average price is $62.49. The firm has a market capitalization of $1.57 billion, a PE ratio of 4.76 and a beta of 1.70.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 8th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, June 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.50%. Winnebago Industries’s payout ratio 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.

See Also

Get a free copy of the Zacks research report on Winnebago Industries (WGO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Want More Great Investing Ideas?

Receive News & Ratings for Winnebago Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries and related companies with MarketBeat.com's FREE daily email newsletter.