Q1 2017 Earnings Estimate for Winnebago Industries Inc. (WGO) Issued By Northcoast Research
Winnebago Industries Inc. (NYSE:WGO) – Analysts at Northcoast Research cut their Q1 2017 earnings per share estimates for shares of Winnebago Industries in a note issued to investors on Friday. Northcoast Research analyst S. Woolf now anticipates that the firm will post earnings per share of $0.35 for the quarter, down from their prior estimate of $0.40. Northcoast Research also issued estimates for Winnebago Industries’ Q2 2017 earnings at $0.41 EPS, Q3 2017 earnings at $0.63 EPS, Q4 2017 earnings at $0.51 EPS, FY2017 earnings at $1.90 EPS, Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.74 EPS, Q4 2018 earnings at $0.58 EPS and FY2018 earnings at $2.15 EPS.
A number of other analysts have also recently weighed in on the company. Robert W. Baird raised Winnebago Industries from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $25.00 to $30.00 in a research report on Monday, October 3rd. Zacks Investment Research cut Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, BMO Capital Markets lifted their price target on Winnebago Industries from $27.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $29.33.
Winnebago Industries (NYSE:WGO) opened at 28.34 on Monday. The company has a market cap of $762.15 million, a price-to-earnings ratio of 17.39 and a beta of 2.11. Winnebago Industries has a 1-year low of $15.41 and a 1-year high of $30.60. The stock has a 50 day moving average price of $24.75 and a 200-day moving average price of $22.83.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Thursday, October 13th. The company reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. The business earned $263.30 million during the quarter, compared to analysts’ expectations of $252.52 million. Winnebago Industries had a return on equity of 17.86% and a net margin of 4.67%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, November 7th. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. Winnebago Industries’s dividend payout ratio is currently 23.67%.
Hedge funds have recently modified their holdings of the company. Glenmede Trust Co. NA boosted its stake in shares of Winnebago Industries by 209.6% in the first quarter. Glenmede Trust Co. NA now owns 14,544 shares of the company’s stock worth $326,000 after buying an additional 9,846 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Winnebago Industries by 56.4% in the first quarter. Aperio Group LLC now owns 18,223 shares of the company’s stock worth $409,000 after buying an additional 6,573 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Winnebago Industries by 196.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,195 shares of the company’s stock worth $723,000 after buying an additional 21,350 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Winnebago Industries by 30.9% in the first quarter. Prudential Financial Inc. now owns 82,193 shares of the company’s stock worth $1,845,000 after buying an additional 19,409 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Winnebago Industries during the first quarter worth approximately $498,000. 91.48% of the stock is owned by institutional investors.
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.
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