Winnebago Industries Inc. (NYSE:WGO) – Equities researchers at SunTrust Banks lifted their Q2 2017 earnings per share estimates for shares of Winnebago Industries in a report released on Thursday. SunTrust Banks analyst M. Swartz now forecasts that the brokerage will post earnings of $0.47 per share for the quarter, up from their previous forecast of $0.39. SunTrust Banks also issued estimates for Winnebago Industries’ Q3 2017 earnings at $0.65 EPS.
Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, October 13th. The company reported $0.49 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. Winnebago Industries had a return on equity of 17.86% and a net margin of 4.67%. The firm had revenue of $263.30 million for the quarter, compared to analysts’ expectations of $252.52 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year.
A number of other research analysts have also commented on WGO. Zacks Investment Research raised shares of Winnebago Industries from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, June 30th. Robert W. Baird reissued a “neutral” rating and issued a $25.00 target price on shares of Winnebago Industries in a research note on Saturday, June 25th. Finally, BMO Capital Markets upped their target price on shares of Winnebago Industries from $27.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, October 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $29.33.
Shares of Winnebago Industries (NYSE:WGO) opened at 28.33 on Monday. Winnebago Industries has a one year low of $15.41 and a one year high of $30.60. The company has a market cap of $761.88 million, a PE ratio of 17.38 and a beta of 2.11. The company’s 50-day moving average price is $24.99 and its 200 day moving average price is $22.92.
A number of hedge funds have recently modified their holdings of WGO. Mason Street Advisors LLC purchased a new stake in shares of Winnebago Industries during the second quarter valued at $120,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of Winnebago Industries during the second quarter valued at $142,000. Acrospire Investment Management LLC boosted its stake in shares of Winnebago Industries by 273.9% in the second quarter. Acrospire Investment Management LLC now owns 8,737 shares of the company’s stock valued at $200,000 after buying an additional 6,400 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Winnebago Industries by 89.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,769 shares of the company’s stock valued at $201,000 after buying an additional 4,144 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Winnebago Industries during the second quarter valued at $235,000. 91.47% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 7th. This represents a $0.40 annualized dividend and a yield of 1.41%. Winnebago Industries’s dividend payout ratio is 23.67%.
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 sells its products through independent dealers, primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago, Itasca and Era brands names.
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