Winnebago Industries (WGO) Getting Positive Press Coverage, Study Finds
Media coverage about Winnebago Industries (NYSE:WGO) has been trending positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Winnebago Industries earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 46.6310604633899 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s analysis:
- Stock Indexes Fall; Dow's Win Streak in Jeopardy (finance.yahoo.com)
- Zacks: Brokerages Expect Winnebago Industries, Inc. (WGO) to Post $0.72 Earnings Per Share (americanbankingnews.com)
- Winnebago Revel Is The 4×4 RV Of Your Camping Dreams (motor1.com)
- Winnebago Launches New Products at Open House in Elkhart – GlobeNewswire (press release) (globenewswire.com)
Shares of Winnebago Industries (WGO) traded up 3.16% during mid-day trading on Friday, reaching $42.40. 849,650 shares of the company’s stock traded hands. The company has a market cap of $1.34 billion, a P/E ratio of 21.18 and a beta of 1.97. The company’s 50 day moving average is $36.15 and its 200 day moving average is $31.42. Winnebago Industries has a 12-month low of $22.28 and a 12-month high of $42.55.
Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, June 21st. The construction company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.22. Winnebago Industries had a net margin of 4.39% and a return on equity of 20.01%. The firm had revenue of $476.40 million for the quarter, compared to analyst estimates of $440.94 million. During the same quarter last year, the firm posted $0.53 earnings per share. Winnebago Industries’s revenue for the quarter was up 75.1% compared to the same quarter last year. On average, analysts predict that Winnebago Industries will post $2.23 EPS for the current fiscal year.
WGO has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $34.00 target price (up previously from $29.00) on shares of Winnebago Industries in a report on Thursday, June 22nd. BidaskClub raised shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Stifel Nicolaus initiated coverage on shares of Winnebago Industries in a report on Thursday, July 6th. They issued a “buy” rating and a $40.00 target price for the company. Zacks Investment Research downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Wednesday, August 30th. Finally, ValuEngine raised shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Winnebago Industries currently has a consensus rating of “Buy” and a consensus target price of $34.83.
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About Winnebago Industries
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
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