Brokerages Anticipate Winnebago Industries, Inc. (NYSE:WGO) Will Announce Quarterly Sales of $607.50 Million

Equities analysts expect that Winnebago Industries, Inc. (NYSE:WGO) will announce sales of $607.50 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Winnebago Industries’ earnings, with the highest sales estimate coming in at $625.00 million and the lowest estimate coming in at $584.31 million. Winnebago Industries posted sales of $432.69 million in the same quarter last year, which would indicate a positive year over year growth rate of 40.4%. The firm is scheduled to announce its next quarterly earnings report on Monday, March 23rd.

On average, analysts expect that Winnebago Industries will report full year sales of $2.69 billion for the current financial year, with estimates ranging from $2.64 billion to $2.72 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.92 billion, with estimates ranging from $2.88 billion to $2.98 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Winnebago Industries.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Friday, December 20th. The construction company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.10. The firm had revenue of $588.50 million during the quarter, compared to analyst estimates of $541.52 million. Winnebago Industries had a return on equity of 17.07% and a net margin of 4.98%. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 EPS.

Several brokerages recently issued reports on WGO. SunTrust Banks upped their target price on Winnebago Industries from $65.00 to $92.00 and gave the company a “positive” rating in a research report on Thursday. BMO Capital Markets upped their target price on Winnebago Industries from $60.00 to $63.00 and gave the company a “top pick” rating in a research report on Monday, December 23rd. ValuEngine lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, Zacks Investment Research lowered Winnebago Industries from a “buy” rating to a “sell” rating and set a $58.00 target price on the stock. in a research report on Wednesday. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $54.43.

In other Winnebago Industries news, VP Brian Daniel Hazelton sold 5,113 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $48.93, for a total transaction of $250,179.09. Following the sale, the vice president now owns 16,479 shares in the company, valued at approximately $806,317.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of WGO. First Trust Advisors LP grew its stake in Winnebago Industries by 35.5% during the 1st quarter. First Trust Advisors LP now owns 88,382 shares of the construction company’s stock valued at $2,753,000 after purchasing an additional 23,157 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of Winnebago Industries in the second quarter worth about $260,000. Bank of New York Mellon Corp boosted its stake in shares of Winnebago Industries by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 546,984 shares of the construction company’s stock worth $21,140,000 after buying an additional 11,027 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Winnebago Industries by 0.8% in the second quarter. Northern Trust Corp now owns 444,358 shares of the construction company’s stock worth $17,175,000 after buying an additional 3,431 shares during the last quarter. Finally, MML Investors Services LLC purchased a new stake in shares of Winnebago Industries in the second quarter worth about $315,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

NYSE:WGO traded down $0.76 during mid-day trading on Tuesday, hitting $55.58. 441,774 shares of the company’s stock traded hands, compared to its average volume of 762,456. The company has a fifty day moving average of $50.76 and a 200 day moving average of $42.62. Winnebago Industries has a twelve month low of $26.69 and a twelve month high of $56.90. The company has a market capitalization of $1.79 billion, a P/E ratio of 16.19, a P/E/G ratio of 0.63 and a beta of 1.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.14 and a current ratio of 2.20.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $0.44 annualized dividend and a yield of 0.79%. Winnebago Industries’s payout ratio is presently 12.79%.

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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