Winnebago Industries, Inc. (NYSE:WGO) – Equities research analysts at Truist Securiti increased their FY2020 earnings per share (EPS) estimates for Winnebago Industries in a research note issued on Monday, September 14th. Truist Securiti analyst M. Swartz now forecasts that the construction company will post earnings of $2.22 per share for the year, up from their previous estimate of $2.16. Truist Securiti also issued estimates for Winnebago Industries’ Q4 2020 earnings at $1.08 EPS, Q1 2021 earnings at $0.70 EPS, Q2 2021 earnings at $1.07 EPS, Q3 2021 earnings at $1.19 EPS, Q4 2021 earnings at $1.39 EPS and FY2021 earnings at $4.35 EPS.
Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, June 24th. The construction company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.15. Winnebago Industries had a return on equity of 9.21% and a net margin of 2.37%. The company had revenue of $402.50 million during the quarter, compared to the consensus estimate of $335.93 million. During the same quarter last year, the company earned $1.04 earnings per share. Winnebago Industries’s quarterly revenue was down 23.9% compared to the same quarter last year.
A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Winnebago Industries from a “strong-buy” rating to a “hold” rating and set a $66.00 target price for the company. in a report on Thursday, August 6th. BMO Capital Markets lifted their price target on Winnebago Industries from $40.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Truist Financial cut their price target on Winnebago Industries from $72.00 to $68.00 in a research note on Monday. KeyCorp lifted their price objective on Winnebago Industries from $45.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Finally, Cfra upgraded Winnebago Industries from a “sell” rating to a “buy” rating in a research report on Tuesday, September 1st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.50.
Winnebago Industries stock opened at $50.63 on Wednesday. Winnebago Industries has a one year low of $16.94 and a one year high of $72.65. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.48 and a current ratio of 2.31. The business has a fifty day moving average of $57.34 and a two-hundred day moving average of $51.57. The company has a market cap of $1.71 billion, a P/E ratio of 31.84 and a beta of 2.15.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WGO. Fisher Asset Management LLC acquired a new position in shares of Winnebago Industries in the 2nd quarter valued at about $70,315,000. Marshall Wace LLP acquired a new position in shares of Winnebago Industries in the 2nd quarter valued at about $43,139,000. Nordea Investment Management AB lifted its position in Winnebago Industries by 101.7% during the 2nd quarter. Nordea Investment Management AB now owns 325,966 shares of the construction company’s stock worth $21,556,000 after acquiring an additional 164,390 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Winnebago Industries during the 2nd quarter worth approximately $6,678,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Winnebago Industries during the 1st quarter worth approximately $2,625,000. 87.83% of the stock is currently owned by institutional investors and hedge funds.
In other Winnebago Industries news, VP Ashis Nayan Bhattacharya sold 3,927 shares of Winnebago Industries stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $63.52, for a total value of $249,443.04. Following the completion of the sale, the vice president now owns 18,446 shares in the company, valued at approximately $1,171,689.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.12 dividend. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.48 annualized dividend and a yield of 0.95%. Winnebago Industries’s payout ratio is 12.79%.
Winnebago Industries Company Profile
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 five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.
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