Equities research analysts expect Winnebago Industries, Inc. (NYSE:WGO) to report sales of $430.69 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Winnebago Industries’ earnings, with the highest sales estimate coming in at $482.60 million and the lowest estimate coming in at $401.57 million. Winnebago Industries posted sales of $370.51 million in the same quarter last year, which suggests a positive year-over-year growth rate of 16.2%. The business is expected to announce its next earnings results on Wednesday, March 28th.
According to Zacks, analysts expect that Winnebago Industries will report full year sales of $430.69 million for the current year, with estimates ranging from $1.86 billion to $1.99 billion. For the next financial year, analysts expect that the company will post sales of $2.05 billion per share, with estimates ranging from $1.92 billion to $2.17 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Winnebago Industries.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, December 20th. The construction company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The business had revenue of $450.00 million for the quarter, compared to analyst estimates of $387.12 million. Winnebago Industries had a return on equity of 21.47% and a net margin of 4.43%. Winnebago Industries’s revenue for the quarter was up 83.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 EPS.
Winnebago Industries (NYSE WGO) traded down $1.20 during midday trading on Wednesday, reaching $55.80. The company had a trading volume of 582,100 shares, compared to its average volume of 586,776. The company has a market cap of $1,770.00, a price-to-earnings ratio of 22.87 and a beta of 2.08. Winnebago Industries has a 1-year low of $24.15 and a 1-year high of $58.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.88.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be given a $0.10 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.72%. Winnebago Industries’s payout ratio is 16.39%.
Winnebago Industries declared that its Board of Directors has approved a share buyback plan on Thursday, October 19th that permits the company to repurchase $70.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
A number of institutional investors and hedge funds have recently made changes to their positions in WGO. Schwab Charles Investment Management Inc. boosted its position in Winnebago Industries by 23.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 149,028 shares of the construction company’s stock valued at $5,216,000 after buying an additional 28,688 shares during the last quarter. Rhumbline Advisers boosted its position in Winnebago Industries by 8.0% in the 2nd quarter. Rhumbline Advisers now owns 62,622 shares of the construction company’s stock valued at $2,192,000 after buying an additional 4,644 shares during the last quarter. SG Americas Securities LLC bought a new position in Winnebago Industries in the 2nd quarter valued at $107,000. Bank of New York Mellon Corp boosted its position in Winnebago Industries by 10.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 696,951 shares of the construction company’s stock valued at $24,393,000 after buying an additional 68,720 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Winnebago Industries by 9.7% in the 2nd quarter. Legal & General Group Plc now owns 53,566 shares of the construction company’s stock valued at $1,875,000 after buying an additional 4,720 shares during the last quarter. Hedge funds and other institutional investors own 83.25% of the company’s stock.
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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