Northcoast Research Analysts Reduce Earnings Estimates for Winnebago Industries Inc. (WGO)
Winnebago Industries Inc. (NYSE:WGO) – Equities researchers at Northcoast Research decreased their Q1 2017 earnings estimates for Winnebago Industries in a research report issued to clients and investors on Friday. Northcoast Research analyst S. Woolf now forecasts that the firm will earn $0.35 per share for the quarter, down from their previous forecast of $0.40. Northcoast Research also issued estimates for Winnebago Industries’ Q2 2017 earnings at $0.41 EPS, Q3 2017 earnings at $0.63 EPS, Q4 2017 earnings at $0.51 EPS, FY2017 earnings at $1.90 EPS, Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.74 EPS, Q4 2018 earnings at $0.58 EPS and FY2018 earnings at $2.15 EPS.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Winnebago Industries from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Thursday, June 30th. Robert W. Baird reaffirmed a “neutral” rating and issued a $25.00 price target on shares of Winnebago Industries in a research report on Saturday, June 25th. Finally, BMO Capital Markets raised their target price on Winnebago Industries from $27.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 4th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $29.33.
Shares of Winnebago Industries (NYSE:WGO) opened at 28.29 on Monday. The stock has a market cap of $760.80 million, a price-to-earnings ratio of 17.36 and a beta of 2.11. Winnebago Industries has a 12 month low of $15.41 and a 12 month high of $30.60. The company has a 50-day moving average price of $24.99 and a 200-day moving average price of $22.92.
Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, October 13th. The company reported $0.49 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.49. The firm had revenue of $263.30 million for the quarter, compared to analyst estimates of $252.52 million. Winnebago Industries had a return on equity of 17.86% and a net margin of 4.67%. Winnebago Industries’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC purchased a new position in Winnebago Industries during the second quarter worth about $120,000. Schwab Charles Investment Management Inc. increased its position in Winnebago Industries by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 103,725 shares of the company’s stock worth $2,378,000 after buying an additional 1,920 shares in the last quarter. Fiera Capital Corp increased its position in Winnebago Industries by 1.2% in the second quarter. Fiera Capital Corp now owns 103,600 shares of the company’s stock worth $2,375,000 after buying an additional 1,200 shares in the last quarter. Numeric Investors LLC increased its position 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 in the last quarter. Finally, Arizona State Retirement System increased its position in Winnebago Industries by 1.4% in the second quarter. Arizona State Retirement System now owns 13,999 shares of the company’s stock worth $321,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 91.47% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, November 7th. Winnebago Industries’s dividend payout ratio (DPR) is presently 23.67%.
Winnebago Industries Company Profile
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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