Winnebago Industries (WGO) Posts Earnings Results, Beats Estimates By $0.05 EPS

Winnebago Industries (NYSE:WGO) posted its quarterly earnings data on Wednesday, December 20th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05, Bloomberg Earnings reports. The business had revenue of $450.00 million during the quarter, compared to the consensus estimate of $387.12 million. Winnebago Industries had a net margin of 4.43% and a return on equity of 21.47%. Winnebago Industries’s quarterly revenue was up 83.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS.

Winnebago Industries (NYSE:WGO) traded up $0.90 during trading hours on Thursday, reaching $57.00. 676,400 shares of the company traded hands, compared to its average volume of 586,419. The firm has a market cap of $1,820.00, a PE ratio of 23.36 and a beta of 2.08. Winnebago Industries has a 1 year low of $24.15 and a 1 year high of $58.65. The company has a current ratio of 1.88, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.70%. The ex-dividend date is Tuesday, January 9th. Winnebago Industries’s payout ratio is currently 16.39%.

Several analysts recently issued reports on the stock. ValuEngine raised shares of Winnebago Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. SunTrust Banks reaffirmed a “hold” rating and set a $52.00 price objective on shares of Winnebago Industries in a report on Thursday, December 21st. Robert W. Baird reiterated an “outperform” rating and set a $60.00 target price (up from $52.00) on shares of Winnebago Industries in a research note on Thursday, December 21st. Stifel Nicolaus reiterated a “hold” rating and set a $53.00 target price (up from $45.00) on shares of Winnebago Industries in a research note on Thursday, December 21st. Finally, Zacks Investment Research cut shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $52.17.

Winnebago Industries declared that its board has approved a stock buyback plan on Thursday, October 19th that authorizes the company to buyback $70.00 million in shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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Winnebago Industries Company Profile

Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.

Earnings History for Winnebago Industries (NYSE:WGO)

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