Winnebago Industries Inc. (WGO) Posts Earnings Results, Meets Estimates
Winnebago Industries Inc. (NYSE:WGO) issued its earnings results on Thursday. The company reported $0.49 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. Winnebago Industries had a return on equity of 18.15% and a net margin of 4.58%. The company earned $263.30 million during the quarter, compared to the consensus estimate of $252.52 million. During the same period in the previous year, the company posted $0.43 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year.
Shares of Winnebago Industries (NYSE:WGO) opened at 27.84 on Friday. Winnebago Industries has a 12-month low of $15.41 and a 12-month high of $30.60. The company’s 50-day moving average price is $24.63 and its 200 day moving average price is $22.78. The firm has a market capitalization of $748.70 million, a PE ratio of 17.08 and a beta of 2.11.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 7th. This represents a $0.40 annualized dividend and a yield of 1.44%. Winnebago Industries’s payout ratio is currently 24.54%.
Large investors have recently bought and sold shares of the company. Lebenthal Asset Management LLC bought a new stake in Winnebago Industries during the second quarter worth approximately $4,659,000. Numeric Investors LLC increased its stake in Winnebago Industries by 135.4% in the second quarter. Numeric Investors LLC now owns 340,144 shares of the company’s stock worth $7,796,000 after buying an additional 195,644 shares during the period. Dimensional Fund Advisors LP increased its stake in Winnebago Industries by 13.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,399,492 shares of the company’s stock worth $32,076,000 after buying an additional 163,197 shares during the period. Thomson Horstmann & Bryant Inc. increased its stake in Winnebago Industries by 34.3% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 485,707 shares of the company’s stock worth $11,132,000 after buying an additional 123,957 shares during the period. Finally, Chartwell Investment Partners LLC bought a new stake in Winnebago Industries during the second quarter worth approximately $1,878,000. 91.48% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently commented on WGO shares. Robert W. Baird upgraded Winnebago Industries from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $25.00 to $30.00 in a research note on Monday, October 3rd. Zacks Investment Research downgraded Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, BMO Capital Markets lifted their target price on Winnebago Industries from $27.00 to $33.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 4th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Winnebago Industries currently has an average rating of “Hold” and a consensus price target of $29.33.
About Winnebago Industries
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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