Wall Street brokerages forecast that Winnebago Industries, Inc. (NYSE:WGO) will announce $551.42 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Winnebago Industries’ earnings, with the lowest sales estimate coming in at $542.40 million and the highest estimate coming in at $574.49 million. Winnebago Industries posted sales of $536.19 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.8%. The business is scheduled to announce its next earnings report on Wednesday, October 16th.

According to Zacks, analysts expect that Winnebago Industries will report full year sales of $2.01 billion for the current fiscal year, with estimates ranging from $2.00 billion to $2.03 billion. For the next financial year, analysts anticipate that the company will post sales of $2.15 billion, with estimates ranging from $2.12 billion to $2.19 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Winnebago Industries.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Wednesday, June 19th. The construction company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. The business had revenue of $528.90 million during the quarter, compared to the consensus estimate of $560.77 million. Winnebago Industries had a return on equity of 18.94% and a net margin of 5.51%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 EPS.

Several brokerages recently issued reports on WGO. ValuEngine downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Northcoast Research began coverage on Winnebago Industries in a report on Friday, June 14th. They issued a “buy” rating and a $47.00 price target for the company. SunTrust Banks increased their price target on Winnebago Industries to $48.00 and gave the company a “buy” rating in a report on Thursday, June 20th. BMO Capital Markets increased their price target on Winnebago Industries to $46.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Finally, Zacks Investment Research upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $42.00.

Shares of WGO stock traded down $2.63 on Wednesday, reaching $33.45. 444,130 shares of the stock were exchanged, compared to its average volume of 530,969. The stock has a market cap of $1.15 billion, a PE ratio of 10.62, a P/E/G ratio of 0.48 and a beta of 1.59. The company has a current ratio of 1.91, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average price is $38.33. Winnebago Industries has a 1-year low of $19.77 and a 1-year high of $42.08.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc grew its stake in shares of Winnebago Industries by 402.4% during the first quarter. Versant Capital Management Inc now owns 839 shares of the construction company’s stock valued at $26,000 after acquiring an additional 672 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Winnebago Industries by 103.4% during the fourth quarter. Advisor Group Inc. now owns 1,654 shares of the construction company’s stock valued at $40,000 after acquiring an additional 841 shares in the last quarter. NEXT Financial Group Inc acquired a new stake in shares of Winnebago Industries during the second quarter valued at about $42,000. Public Employees Retirement System of Ohio grew its stake in shares of Winnebago Industries by 27.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,991 shares of the construction company’s stock valued at $48,000 after acquiring an additional 428 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Winnebago Industries during the second quarter valued at about $144,000. Hedge funds and other institutional investors own 95.19% of the company’s stock.

Winnebago Industries Company Profile

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.

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Earnings History and Estimates for Winnebago Industries (NYSE:WGO)

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