Winnebago Industries (NYSE:WGO) Announces Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Winnebago Industries (NYSE:WGO) issued its earnings results on Thursday. The RV manufacturer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.12), FiscalAI reports. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The firm had revenue of $698.70 million during the quarter, compared to analysts’ expectations of $755.67 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. Winnebago Industries’s quarterly revenue was down 9.9% compared to the same quarter last year.

Winnebago Industries Trading Down 3.5%

Shares of Winnebago Industries stock opened at $27.28 on Thursday. The firm has a fifty day moving average price of $30.15 and a 200 day moving average price of $36.92. The stock has a market cap of $771.29 million, a PE ratio of 18.56 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 0.99. Winnebago Industries has a 1 year low of $26.80 and a 1 year high of $50.16.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, June 10th. Winnebago Industries’s dividend payout ratio (DPR) is 95.24%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WGO. Charles Schwab Investment Management Inc. grew its stake in shares of Winnebago Industries by 8.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 889,184 shares of the RV manufacturer’s stock worth $36,030,000 after purchasing an additional 72,478 shares during the period. Maple Rock Capital Partners Inc. increased its holdings in Winnebago Industries by 111.2% in the third quarter. Maple Rock Capital Partners Inc. now owns 680,199 shares of the RV manufacturer’s stock valued at $22,746,000 after buying an additional 358,100 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Winnebago Industries by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 659,735 shares of the RV manufacturer’s stock worth $26,738,000 after acquiring an additional 2,024 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Winnebago Industries by 9.1% during the 2nd quarter. Alliancebernstein L.P. now owns 564,941 shares of the RV manufacturer’s stock worth $16,383,000 after acquiring an additional 47,137 shares in the last quarter. Finally, UBS Group AG grew its position in shares of Winnebago Industries by 75.8% during the 3rd quarter. UBS Group AG now owns 417,015 shares of the RV manufacturer’s stock valued at $13,945,000 after acquiring an additional 179,853 shares during the period.

Analyst Ratings Changes

WGO has been the subject of several recent research reports. Benchmark decreased their price objective on Winnebago Industries from $48.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday. Roth Mkm cut their target price on Winnebago Industries from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday. Northcoast Research cut shares of Winnebago Industries from a “buy” rating to a “neutral” rating in a report on Monday, June 1st. Truist Financial cut their price target on shares of Winnebago Industries from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Finally, BMO Capital Markets dropped their price target on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $37.90.

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.