Winnebago Industries Inc. (WGO) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Winnebago Industries Inc. (NYSE:WGO) posted its earnings results on Thursday. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. Winnebago Industries had a net margin of 4.58% and a return on equity of 18.15%. The business had revenue of $263.30 million for the quarter, compared to analyst estimates of $249.16 million.
Winnebago Industries (NYSE:WGO) opened at 27.90 on Thursday. The company has a 50-day moving average of $24.52 and a 200-day moving average of $22.75. Winnebago Industries has a 52 week low of $15.41 and a 52 week high of $30.60. The stock has a market capitalization of $750.31 million, a price-to-earnings ratio of 17.12 and a beta of 2.11.
A number of large investors have recently made changes to their positions in the company. Alliancebernstein L.P. raised its stake in shares of Winnebago Industries by 118.2% in the second quarter. Alliancebernstein L.P. now owns 104,486 shares of the company’s stock valued at $2,395,000 after buying an additional 56,610 shares in the last quarter. Gendell Jeffrey L raised its position in Winnebago Industries by 21.9% in the second quarter. Gendell Jeffrey L now owns 309,114 shares of the company’s stock worth $7,085,000 after buying an additional 55,589 shares in the last quarter. BlackRock Fund Advisors raised its position in Winnebago Industries by 2.9% in the second quarter. BlackRock Fund Advisors now owns 1,781,173 shares of the company’s stock worth $40,824,000 after buying an additional 49,703 shares in the last quarter. KCG Holdings Inc. acquired a new position in Winnebago Industries during the second quarter worth approximately $830,000. Finally, Trexquant Investment LP acquired a new position in Winnebago Industries during the second quarter worth approximately $786,000. Hedge funds and other institutional investors own 91.48% of the company’s stock.
Several equities research analysts have recently issued reports on WGO shares. Robert W. Baird raised shares of Winnebago Industries from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $25.00 to $30.00 in a research note on Monday, October 3rd. Zacks Investment Research lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, BMO Capital Markets increased their target price on shares of Winnebago Industries from $27.00 to $33.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 4th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $29.33.
About Winnebago Industries
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.
Receive News & Stock Ratings for Winnebago Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries Inc. and related stocks with our FREE daily email newsletter.