Winnebago Industries, Inc. (NYSE:WGO) – Research analysts at Jefferies Financial Group raised their FY2020 earnings estimates for shares of Winnebago Industries in a note issued to investors on Thursday, June 25th. Jefferies Financial Group analyst B. Jordan now anticipates that the construction company will earn $1.94 per share for the year, up from their prior estimate of $1.42. Jefferies Financial Group also issued estimates for Winnebago Industries’ Q4 2020 earnings at $0.81 EPS, Q1 2021 earnings at $0.70 EPS, Q2 2021 earnings at $0.92 EPS and FY2021 earnings at $3.83 EPS.
Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Wednesday, June 24th. The construction company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.15. Winnebago Industries had a return on equity of 9.35% and a net margin of 2.37%. The company had revenue of $402.50 million during the quarter, compared to analyst estimates of $335.93 million. During the same quarter last year, the firm posted $1.04 EPS. The firm’s revenue for the quarter was down 23.9% on a year-over-year basis.
Other equities research analysts have also issued research reports about the company. BMO Capital Markets lifted their price objective on Winnebago Industries from $40.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Zacks Investment Research raised Winnebago Industries from a “sell” rating to a “hold” rating and set a $62.00 target price for the company in a report on Saturday, May 30th. Wolfe Research began coverage on Winnebago Industries in a report on Friday, April 17th. They set a “market perform” rating for the company. TheStreet lowered Winnebago Industries from a “b” rating to a “c+” rating in a report on Wednesday, June 24th. Finally, SunTrust Banks lifted their target price on Winnebago Industries from $70.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $65.67.
Shares of WGO opened at $66.68 on Monday. The business has a 50-day moving average of $60.72 and a 200 day moving average of $49.85. Winnebago Industries has a fifty-two week low of $16.94 and a fifty-two week high of $72.65. The firm has a market cap of $2.20 billion, a P/E ratio of 41.94 and a beta of 2.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.30 and a current ratio of 2.25.
Large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP lifted its position in Winnebago Industries by 35.5% in the first quarter. First Trust Advisors LP now owns 88,382 shares of the construction company’s stock valued at $2,753,000 after purchasing an additional 23,157 shares during the last quarter. Victory Capital Management Inc. lifted its position in Winnebago Industries by 102.0% in the fourth quarter. Victory Capital Management Inc. now owns 13,668 shares of the construction company’s stock valued at $748,000 after purchasing an additional 6,902 shares during the last quarter. Swiss National Bank lifted its position in Winnebago Industries by 1.6% in the fourth quarter. Swiss National Bank now owns 57,500 shares of the construction company’s stock valued at $3,046,000 after purchasing an additional 900 shares during the last quarter. State Street Corp lifted its position in Winnebago Industries by 1.6% in the fourth quarter. State Street Corp now owns 926,295 shares of the construction company’s stock valued at $49,075,000 after purchasing an additional 14,997 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Winnebago Industries by 37.3% in the fourth quarter. Sei Investments Co. now owns 12,409 shares of the construction company’s stock valued at $657,000 after purchasing an additional 3,369 shares during the last quarter. Institutional investors own 87.70% of the company’s stock.
In other news, CEO Michael J. Happe bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The stock was bought at an average price of $37.53 per share, for a total transaction of $112,590.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Christopher David West sold 1,614 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $35.42, for a total value of $57,167.88. Following the completion of the sale, the vice president now owns 13,921 shares of the company’s stock, valued at approximately $493,081.82. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.66%. Winnebago Industries’s dividend payout ratio (DPR) is presently 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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