Winnebago Industries (NYSE:WGO) Announces Earnings Results, Beats Expectations By $0.03 EPS

Winnebago Industries (NYSE:WGO) released its quarterly earnings results on Wednesday. The RV manufacturer reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03, FiscalAI reports. The firm had revenue of $657.40 million during the quarter, compared to the consensus estimate of $628.00 million. Winnebago Industries had a return on equity of 4.83% and a net margin of 1.27%.The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 EPS.

Winnebago Industries Price Performance

NYSE WGO traded down $2.27 during midday trading on Wednesday, hitting $32.81. The company had a trading volume of 551,279 shares, compared to its average volume of 584,460. The firm has a 50-day moving average price of $42.62 and a 200-day moving average price of $38.79. The company has a market capitalization of $925.90 million, a PE ratio of 25.61 and a beta of 1.14. The company has a current ratio of 2.69, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. Winnebago Industries has a twelve month low of $28.00 and a twelve month high of $50.16.

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.40 annualized dividend and a yield of 4.3%. Winnebago Industries’s payout ratio is currently 109.38%.

Hedge Funds Weigh In On Winnebago Industries

Several hedge funds have recently bought and sold shares of WGO. Corient Private Wealth LLC acquired a new stake in shares of Winnebago Industries in the 4th quarter valued at $272,000. Virtu Financial LLC acquired a new position in shares of Winnebago Industries during the 4th quarter worth $224,000. Invesco Ltd. lifted its position in shares of Winnebago Industries by 8.6% during the 4th quarter. Invesco Ltd. now owns 207,331 shares of the RV manufacturer’s stock worth $8,401,000 after buying an additional 16,425 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Winnebago Industries during the 4th quarter worth $217,000. Finally, Vident Advisory LLC acquired a new stake in Winnebago Industries in the fourth quarter valued at about $692,000.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WGO shares. DA Davidson raised their price objective on Winnebago Industries from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, December 23rd. Griffin Securities set a $40.00 price target on Winnebago Industries in a research report on Tuesday, December 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Winnebago Industries in a research report on Monday, December 29th. Truist Financial raised their target price on shares of Winnebago Industries from $46.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Finally, BMO Capital Markets upped their price target on shares of Winnebago Industries from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, December 22nd. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $42.80.

About Winnebago Industries

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.