Winnebago Industries, Inc. (NYSE:WGO) to Post FY2020 Earnings of $2.22 Per Share, Truist Securiti Forecasts

Winnebago Industries, Inc. (NYSE:WGO) – Equities research analysts at Truist Securiti lifted their FY2020 earnings per share estimates for shares of Winnebago Industries in a note issued to investors on Monday, September 14th. Truist Securiti analyst M. Swartz now expects that the construction company will post earnings of $2.22 per share for the year, up from their previous estimate of $2.16. Truist Securiti also issued estimates for Winnebago Industries’ Q4 2020 earnings at $1.08 EPS, Q1 2021 earnings at $0.70 EPS, Q2 2021 earnings at $1.07 EPS, Q3 2021 earnings at $1.19 EPS, Q4 2021 earnings at $1.39 EPS and FY2021 earnings at $4.35 EPS.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Wednesday, June 24th. The construction company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.15. The firm had revenue of $402.50 million during the quarter, compared to analyst estimates of $335.93 million. Winnebago Industries had a net margin of 2.37% and a return on equity of 9.21%. The business’s quarterly revenue was down 23.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 EPS.

A number of other equities research analysts have also weighed in on WGO. Zacks Investment Research lowered Winnebago Industries from a “strong-buy” rating to a “hold” rating and set a $66.00 target price for the company. in a research note on Thursday, August 6th. SunTrust Banks boosted their price objective on Winnebago Industries from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. KeyCorp boosted their price objective on Winnebago Industries from $45.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Truist Financial lowered their price target on shares of Winnebago Industries from $72.00 to $68.00 in a report on Monday. Finally, BMO Capital Markets upped their price target on shares of Winnebago Industries from $40.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $67.50.

Winnebago Industries stock opened at $47.70 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 2.31 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $1.61 billion, a PE ratio of 30.00 and a beta of 2.15. The firm has a fifty day simple moving average of $57.07 and a two-hundred day simple moving average of $51.54. Winnebago Industries has a twelve month low of $16.94 and a twelve month high of $72.65.

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Winnebago Industries by 2.8% during the second quarter. Vanguard Group Inc. now owns 2,179,875 shares of the construction company’s stock valued at $145,223,000 after purchasing an additional 58,873 shares in the last quarter. Fisher Asset Management LLC purchased a new position in shares of Winnebago Industries in the second quarter valued at about $70,315,000. State Street Corp lifted its position in shares of Winnebago Industries by 6.7% in the first quarter. State Street Corp now owns 987,900 shares of the construction company’s stock valued at $27,473,000 after acquiring an additional 61,605 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Winnebago Industries in the second quarter worth about $43,139,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Winnebago Industries by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 454,694 shares of the construction company’s stock worth $30,291,000 after purchasing an additional 13,285 shares during the last quarter. Institutional investors and hedge funds own 87.83% of the company’s stock.

In related news, VP Ashis Nayan Bhattacharya sold 3,927 shares of the stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $63.52, for a total value of $249,443.04. Following the completion of the transaction, the vice president now directly owns 18,446 shares of the company’s stock, valued at $1,171,689.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.80% of the stock is owned by corporate insiders.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.12 dividend. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Tuesday, September 15th. Winnebago Industries’s dividend 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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Earnings History and Estimates for Winnebago Industries (NYSE:WGO)

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