Winnebago Industries Inc. (WGO) Sees Large Volume Increase
Shares of Winnebago Industries Inc. (NYSE:WGO) saw strong trading volume on Thursday . 101,511 shares traded hands during mid-day trading, a decline of 3% from the previous session’s volume of 104,790 shares.The stock last traded at $24.24 and had previously closed at $24.07.
A number of equities analysts recently commented on the company. Zacks Investment Research cut Winnebago Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Robert W. Baird reissued a “neutral” rating and set a $25.00 price target on shares of Winnebago Industries in a report on Saturday, June 25th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $25.00.
The company’s 50 day moving average price is $23.48 and its 200-day moving average price is $21.79. The firm has a market cap of $652.16 million and a price-to-earnings ratio of 14.88.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, June 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.08. The firm earned $272.10 million during the quarter, compared to analysts’ expectations of $270.46 million. During the same period in the prior year, the firm posted $0.43 earnings per share. Winnebago Industries’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts predict that Winnebago Industries Inc. will post $1.65 EPS for the current year.
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company sells its products through independent dealers, primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago, Itasca and Era brands names.
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