Brokerages forecast that Winnebago Industries, Inc. (NYSE:WGO) will announce sales of $430.69 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Winnebago Industries’ earnings. The highest sales estimate is $482.60 million and the lowest is $401.57 million. Winnebago Industries posted sales of $370.51 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.2%. The company is scheduled to announce its next quarterly 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 financial year, with estimates ranging from $1.86 billion to $1.99 billion. For the next year, analysts expect that the firm will report sales of $2.05 billion per share, with estimates ranging from $1.92 billion to $2.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Winnebago Industries.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, December 20th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The company had revenue of $450.00 million for the quarter, compared to the consensus estimate of $387.12 million. Winnebago Industries had a return on equity of 16.04% and a net margin of 3.99%. Winnebago Industries’s revenue for the quarter was up 83.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 earnings per share.
Several institutional investors have recently made changes to their positions in WGO. Timucuan Asset Management Inc. FL acquired a new position in shares of Winnebago Industries during the fourth quarter valued at approximately $67,768,000. Hennessy Advisors Inc. raised its holdings in shares of Winnebago Industries by 550.7% during the fourth quarter. Hennessy Advisors Inc. now owns 747,600 shares of the construction company’s stock valued at $41,567,000 after acquiring an additional 632,700 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Winnebago Industries by 794.8% during the third quarter. JPMorgan Chase & Co. now owns 525,726 shares of the construction company’s stock valued at $23,395,000 after acquiring an additional 466,975 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Winnebago Industries by 37.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 865,161 shares of the construction company’s stock valued at $48,103,000 after acquiring an additional 235,594 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Winnebago Industries by 6.5% during the second quarter. BlackRock Inc. now owns 3,426,574 shares of the construction company’s stock valued at $119,930,000 after acquiring an additional 210,269 shares during the last quarter. 78.57% of the stock is owned by institutional investors and hedge funds.
Shares of Winnebago Industries (NYSE WGO) traded down $1.80 during mid-day trading on Wednesday, reaching $42.70. The company’s stock had a trading volume of 878,155 shares, compared to its average volume of 918,457. The stock has a market capitalization of $1,350.00, a P/E ratio of 17.50 and a beta of 1.79. The company has a quick ratio of 1.03, a current ratio of 1.88 and a debt-to-equity ratio of 0.59. Winnebago Industries has a 52 week low of $24.15 and a 52 week high of $58.65.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, January 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.94%. Winnebago Industries’s payout ratio is currently 16.39%.
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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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