Winnebago Industries (NYSE:WGO) Posts Earnings Results, Beats Expectations By $1.17 EPS

Winnebago Industries (NYSE:WGOGet Rating) posted its quarterly earnings data on Wednesday. The construction company reported $4.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $1.17, Fidelity Earnings reports. Winnebago Industries had a net margin of 8.02% and a return on equity of 35.21%. During the same quarter last year, the company earned $2.16 EPS.

Shares of Winnebago Industries stock opened at $48.38 on Thursday. The company has a current ratio of 2.18, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $51.31 and its two-hundred day moving average price is $60.24. Winnebago Industries has a 52 week low of $43.05 and a 52 week high of $80.30. The stock has a market cap of $1.59 billion, a PE ratio of 4.79 and a beta of 1.70.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 8th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Tuesday, June 7th. Winnebago Industries’s dividend payout ratio (DPR) is presently 7.14%.

A number of institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. raised its holdings in Winnebago Industries by 71.8% during the 1st quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock worth $34,000 after buying an additional 260 shares during the period. Captrust Financial Advisors raised its holdings in Winnebago Industries by 79.6% during the 1st quarter. Captrust Financial Advisors now owns 3,134 shares of the construction company’s stock worth $169,000 after buying an additional 1,389 shares during the period. Guggenheim Capital LLC raised its holdings in Winnebago Industries by 6.2% during the 1st quarter. Guggenheim Capital LLC now owns 3,947 shares of the construction company’s stock worth $213,000 after buying an additional 232 shares during the period. Delphia USA Inc. raised its holdings in Winnebago Industries by 41.6% during the 1st quarter. Delphia USA Inc. now owns 4,687 shares of the construction company’s stock worth $253,000 after buying an additional 1,378 shares during the period. Finally, Cetera Advisor Networks LLC acquired a new stake in Winnebago Industries during the 1st quarter worth about $324,000. Hedge funds and other institutional investors own 94.86% of the company’s stock.

A number of analysts have recently weighed in on WGO shares. StockNews.com started coverage on shares of Winnebago Industries in a research report on Thursday, March 31st. They set a “hold” rating for the company. Robert W. Baird decreased their price objective on shares of Winnebago Industries from $80.00 to $70.00 in a report on Thursday. MKM Partners began coverage on shares of Winnebago Industries in a report on Thursday, May 5th. They issued a “buy” rating and a $79.00 price objective for the company. TheStreet downgraded shares of Winnebago Industries from a “b-” rating to a “c+” rating in a report on Monday, June 13th. Finally, Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating in a report on Tuesday, May 17th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $76.44.

About Winnebago Industries (Get Rating)

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 six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.

Further Reading

Earnings History for Winnebago Industries (NYSE:WGO)

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