Winnebago Industries, Inc. (WGO) to Issue Quarterly Dividend of $0.10
Winnebago Industries, Inc. (NYSE:WGO) declared a quarterly dividend on Wednesday, December 13th, RTT News reports. Investors of record on Wednesday, January 10th will be given a dividend of 0.10 per share by the construction company on Wednesday, January 24th. This represents a $0.40 annualized dividend and a yield of 0.71%.
Winnebago Industries has a dividend payout ratio of 13.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Winnebago Industries to earn $3.27 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 12.2%.
Winnebago Industries (NYSE WGO) traded up $1.70 on Thursday, reaching $56.65. The company had a trading volume of 423,400 shares, compared to its average volume of 511,635. The stock has a market capitalization of $1,747.79, a price-to-earnings ratio of 18.69 and a beta of 2.06. Winnebago Industries has a 12 month low of $24.15 and a 12 month high of $57.20. The company has a current ratio of 1.88, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, October 19th. The construction company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.09. The company had revenue of $454.90 million during the quarter, compared to analyst estimates of $444.50 million. Winnebago Industries had a return on equity of 21.92% and a net margin of 4.61%. The firm’s revenue was up 72.8% on a year-over-year basis. During the same quarter last year, the business posted $0.49 earnings per share. analysts predict that Winnebago Industries will post 2.88 earnings per share for the current year.
Several research firms recently commented on WGO. Zacks Investment Research lowered Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. ValuEngine lowered Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Robert W. Baird restated a “buy” rating on shares of Winnebago Industries in a research report on Thursday, September 28th. Stifel Nicolaus lowered Winnebago Industries from a “buy” rating to a “hold” rating and boosted their target price for the company from $40.00 to $44.00 in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, BMO Capital Markets boosted their target price on Winnebago Industries to $51.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $46.17.
Winnebago Industries declared that its board has approved a stock buyback program on Thursday, October 19th that authorizes the company to repurchase $70.00 million in shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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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