Winnebago Industries, Inc. (WGO) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS
Winnebago Industries, Inc. (NYSE:WGO) posted its quarterly earnings results on Thursday. The construction company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.09, Bloomberg Earnings reports. The business had revenue of $454.90 million for the quarter, compared to analyst estimates of $444.50 million. Winnebago Industries had a return on equity of 20.01% and a net margin of 4.39%. The business’s revenue was up 72.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS.
Winnebago Industries (WGO) opened at 44.40 on Thursday. Winnebago Industries has a one year low of $24.15 and a one year high of $46.85. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 22.18 and a beta of 1.99. The stock’s 50 day moving average price is $41.34 and its 200-day moving average price is $33.48.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.90%. Winnebago Industries’s dividend payout ratio (DPR) is 20.00%.
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Several equities research analysts recently issued reports on the company. BidaskClub lowered Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Stifel Nicolaus assumed coverage on Winnebago Industries in a research report on Thursday, July 6th. They set a “buy” rating and a $40.00 price target on the stock. BMO Capital Markets reissued a “market perform” rating and set a $34.00 price target (up from $29.00) on shares of Winnebago Industries in a research report on Thursday, June 22nd. ValuEngine raised Winnebago Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research raised Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research report on Thursday, October 5th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Winnebago Industries presently has an average rating of “Buy” and an average target price of $40.60.
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 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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