Winnebago Industries to Post Q3 2018 Earnings of $0.94 Per Share, SunTrust Banks Forecasts (WGO)

Winnebago Industries (NYSE:WGO) – Equities research analysts at SunTrust Banks cut their Q3 2018 earnings per share estimates for Winnebago Industries in a research report issued to clients and investors on Wednesday, April 18th. SunTrust Banks analyst M. Swartz now expects that the construction company will post earnings of $0.94 per share for the quarter, down from their prior forecast of $1.05. SunTrust Banks currently has a “Buy” rating on the stock.

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



Several other equities analysts have also weighed in on the stock. Northcoast Research lowered shares of Winnebago Industries from a “buy” rating to a “neutral” rating in a research report on Friday, January 26th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. BMO Capital Markets upgraded shares of Winnebago Industries from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $58.00 to $60.00 in a research report on Tuesday, February 27th. ValuEngine upgraded shares of Winnebago Industries from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus restated a “hold” rating and set a $53.00 price objective (up previously from $45.00) on shares of Winnebago Industries in a research report on Thursday, December 21st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $50.83.

NYSE:WGO opened at $35.50 on Thursday. Winnebago Industries has a twelve month low of $24.15 and a twelve month high of $58.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.91 and a quick ratio of 1.00. The stock has a market cap of $1,142.79, a PE ratio of 10.60 and a beta of 1.84.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Louisiana State Employees Retirement System boosted its holdings in shares of Winnebago Industries by 7.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the construction company’s stock worth $695,000 after buying an additional 900 shares during the period. Glenmede Trust Co. NA boosted its holdings in shares of Winnebago Industries by 57.6% in the fourth quarter. Glenmede Trust Co. NA now owns 3,941 shares of the construction company’s stock worth $218,000 after buying an additional 1,440 shares during the period. Swiss National Bank boosted its holdings in shares of Winnebago Industries by 3.7% in the fourth quarter. Swiss National Bank now owns 50,600 shares of the construction company’s stock worth $2,813,000 after buying an additional 1,800 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in shares of Winnebago Industries in the fourth quarter worth about $120,000. Finally, California Public Employees Retirement System boosted its holdings in shares of Winnebago Industries by 2.3% in the fourth quarter. California Public Employees Retirement System now owns 96,500 shares of the construction company’s stock worth $5,365,000 after buying an additional 2,200 shares during the period. Institutional investors own 84.21% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 11th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, April 10th. Winnebago Industries’s payout ratio is 11.94%.

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Winnebago Industries Company Profile

Winnebago Industries, Inc manufactures and sells recreation vehicles primarily for use in leisure travel and outdoor recreation activities. It operates through two segments, Motorized and Towable. The company manufactures motorhomes, which are self-propelled mobile dwellings used primarily as temporary living quarters during vacation and camping trips, or to support various other lifestyles under the Winnebago brand.

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

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