Zacks: Analysts Expect Winnebago Industries, Inc. (NYSE:WGO) to Post $1.13 Earnings Per Share

Wall Street brokerages expect that Winnebago Industries, Inc. (NYSE:WGO) will report $1.13 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Winnebago Industries’ earnings. The lowest EPS estimate is $1.03 and the highest is $1.23. Winnebago Industries reported earnings of $0.94 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 20.2%. The business is scheduled to report its next earnings results on Wednesday, October 16th.

According to Zacks, analysts expect that Winnebago Industries will report full-year earnings of $3.62 per share for the current fiscal year, with EPS estimates ranging from $3.53 to $3.75. For the next financial year, analysts forecast that the company will report earnings of $4.09 per share, with EPS estimates ranging from $3.95 to $4.30. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Winnebago Industries.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, June 19th. The construction company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.09. Winnebago Industries had a return on equity of 18.94% and a net margin of 5.51%. The firm had revenue of $528.90 million for the quarter, compared to analysts’ expectations of $560.77 million. During the same period last year, the firm earned $1.02 EPS. The company’s quarterly revenue was down 5.9% on a year-over-year basis.

WGO has been the topic of a number of analyst reports. Northcoast Research initiated coverage on Winnebago Industries in a research report on Friday, June 14th. They set a “buy” rating and a $47.00 target price on the stock. SunTrust Banks raised their target price on Winnebago Industries to $48.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Jefferies Financial Group initiated coverage on Winnebago Industries in a research report on Thursday, March 28th. They set a “hold” rating and a $31.00 target price on the stock. Zacks Investment Research upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, ValuEngine upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $42.00.

A number of institutional investors have recently modified their holdings of WGO. Versant Capital Management Inc lifted its stake in Winnebago Industries by 402.4% in the 1st quarter. Versant Capital Management Inc now owns 839 shares of the construction company’s stock valued at $26,000 after buying an additional 672 shares in the last quarter. Advisor Group Inc. lifted its stake in Winnebago Industries by 103.4% in the 4th quarter. Advisor Group Inc. now owns 1,654 shares of the construction company’s stock valued at $40,000 after buying an additional 841 shares in the last quarter. AlphaOne Investment Services LLC lifted its stake in Winnebago Industries by 39.7% in the 4th quarter. AlphaOne Investment Services LLC now owns 1,721 shares of the construction company’s stock valued at $42,000 after buying an additional 489 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Winnebago Industries by 27.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,991 shares of the construction company’s stock worth $48,000 after purchasing an additional 428 shares in the last quarter. Finally, Brasada Capital Management LP purchased a new position in Winnebago Industries in the 1st quarter worth approximately $171,000. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:WGO traded up $0.32 during trading on Friday, reaching $37.59. 12,727 shares of the company’s stock traded hands, compared to its average volume of 562,573. Winnebago Industries has a fifty-two week low of $19.77 and a fifty-two week high of $43.30. The company has a current ratio of 1.91, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 0.50 and a beta of 1.51. The stock has a 50-day simple moving average of $35.07.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 19th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Tuesday, June 18th. Winnebago Industries’s dividend payout ratio (DPR) is presently 13.97%.

About Winnebago Industries

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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