Zacks: Brokerages Anticipate Winnebago Industries (WGO) Will Announce Quarterly Sales of $539.17 Million

Equities research analysts expect Winnebago Industries (NYSE:WGO) to announce $539.17 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Winnebago Industries’ earnings. The lowest sales estimate is $519.60 million and the highest is $562.75 million. Winnebago Industries posted sales of $476.36 million during the same quarter last year, which suggests a positive year-over-year growth rate of 13.2%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, June 20th.

On average, analysts expect that Winnebago Industries will report full year sales of $1.98 billion for the current fiscal year, with estimates ranging from $1.96 billion to $2.02 billion. For the next financial year, analysts forecast that the business will post sales of $2.17 billion per share, with estimates ranging from $2.07 billion to $2.32 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Winnebago Industries.

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



A number of research analysts have commented on the company. ValuEngine downgraded Winnebago Industries from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Northcoast Research cut 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 cut 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 upped their target price for the company from $58.00 to $60.00 in a research report on Tuesday, February 27th. Finally, 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. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $53.40.

Winnebago Industries traded down $0.25, reaching $35.70, during trading hours on Wednesday, Marketbeat Ratings reports. 13,322 shares of the stock were exchanged, compared to its average volume of 817,566. The company has a quick ratio of 1.00, a current ratio of 1.91 and a debt-to-equity ratio of 0.57. Winnebago Industries has a 52 week low of $35.70 and a 52 week high of $36.60. The company has a market cap of $1.14 billion, a PE ratio of 10.84 and a beta of 1.86.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 25th. Investors of record on Wednesday, April 11th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Tuesday, April 10th. Winnebago Industries’s dividend payout ratio is currently 11.94%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Timucuan Asset Management Inc. FL bought a new stake in shares of Winnebago Industries in the fourth quarter valued at approximately $67,768,000. Hennessy Advisors Inc. lifted its holdings in Winnebago Industries by 550.7% during the fourth quarter. Hennessy Advisors Inc. now owns 747,600 shares of the construction company’s stock valued at $41,567,000 after purchasing an additional 632,700 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Winnebago Industries by 54.6% during the first quarter. JPMorgan Chase & Co. now owns 1,137,827 shares of the construction company’s stock valued at $42,782,000 after purchasing an additional 401,814 shares in the last quarter. Cooke & Bieler LP raised its position in shares of Winnebago Industries by 57.6% during the first quarter. Cooke & Bieler LP now owns 806,083 shares of the construction company’s stock valued at $30,309,000 after buying an additional 294,495 shares during the last quarter. Finally, Gendell Jeffrey L raised its position in shares of Winnebago Industries by 858.2% during the first quarter. Gendell Jeffrey L now owns 268,712 shares of the construction company’s stock valued at $10,104,000 after buying an additional 240,669 shares during the last quarter. Institutional investors and hedge funds own 85.21% of the company’s stock.

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.

Get a free copy of the Zacks research report on Winnebago Industries (WGO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Winnebago Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply