Zacks: Analysts Expect Winnebago Industries (WGO) Will Post Quarterly Sales of $547.93 Million

Brokerages expect that Winnebago Industries (NYSE:WGO) will report $547.93 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Winnebago Industries’ earnings, with the highest sales estimate coming in at $562.75 million and the lowest estimate coming in at $530.80 million. Winnebago Industries reported sales of $476.36 million in the same quarter last year, which indicates a positive year-over-year growth rate of 15%. The business is scheduled to announce its next earnings results on Wednesday, June 20th.

According to Zacks, analysts expect that Winnebago Industries will report full year sales of $547.93 million for the current fiscal year, with estimates ranging from $1.96 billion to $2.02 billion. For the next financial year, analysts expect that the firm will report sales of $2.18 billion per share, with estimates ranging from $2.07 billion to $2.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Winnebago Industries.

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Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, March 21st. The construction company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.03). The firm had revenue of $468.40 million for the quarter, compared to analyst estimates of $445.88 million. Winnebago Industries had a return on equity of 21.72% and a net margin of 4.56%. The business’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 EPS.



Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. ValuEngine lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Stifel Nicolaus set a $50.00 target price on shares of Winnebago Industries and gave the company a “hold” rating in a research report on Friday, February 9th. SunTrust Banks upgraded shares of Winnebago Industries from a “hold” rating to a “buy” rating in a research report on Friday, March 16th. Finally, BMO Capital Markets upgraded shares of Winnebago Industries from a “market perform” rating to an “outperform” rating and raised their target price for the company from $58.00 to $60.00 in a research report on Tuesday, February 27th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $50.83.

Shares of NYSE WGO traded down $1.15 during trading hours on Thursday, hitting $36.25. 910,859 shares of the stock were exchanged, compared to its average volume of 889,239. The company has a current ratio of 1.91, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $1,182.36, a price-to-earnings ratio of 10.87 and a beta of 1.84. Winnebago Industries has a 1-year low of $24.15 and a 1-year high of $58.65.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 11th will be given a $0.10 dividend. The ex-dividend date is Tuesday, April 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.10%. Winnebago Industries’s dividend payout ratio is currently 11.94%.

Institutional investors have recently modified their holdings of the business. C M Bidwell & Associates Ltd. acquired a new stake in Winnebago Industries in the fourth quarter valued at approximately $120,000. Everence Capital Management Inc. acquired a new stake in Winnebago Industries in the fourth quarter valued at approximately $207,000. Glenmede Trust Co. NA boosted its position in Winnebago Industries by 57.6% in the fourth quarter. Glenmede Trust Co. NA now owns 3,941 shares of the construction company’s stock valued at $218,000 after buying an additional 1,440 shares in the last quarter. Amalgamated Bank acquired a new stake in Winnebago Industries in the fourth quarter valued at approximately $255,000. Finally, Edge Wealth Management LLC acquired a new stake in Winnebago Industries in the fourth quarter valued at approximately $278,000. Hedge funds and other institutional investors own 84.25% of the company’s stock.

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About Winnebago Industries

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.

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Earnings History and Estimates for Winnebago Industries (NYSE:WGO)

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