Q2 2017 Earnings Forecast for Winnebago Industries Inc. (WGO) Issued By SunTrust Banks
Winnebago Industries Inc. (NYSE:WGO) – Analysts at SunTrust Banks boosted their Q2 2017 earnings per share estimates for shares of Winnebago Industries in a research note issued on Thursday. SunTrust Banks analyst M. Swartz now anticipates that the firm will post earnings of $0.47 per share for the quarter, up from their prior estimate 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 quarterly earnings data on Thursday, October 13th. The company reported $0.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. The firm 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 company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS.
Other research analysts have also issued reports about the company. Zacks Investment Research lowered Winnebago Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Robert W. Baird reissued a “neutral” rating and set a $25.00 target price on shares of Winnebago Industries in a report on Saturday, June 25th. Finally, BMO Capital Markets increased their target price on Winnebago Industries from $27.00 to $33.00 and gave the stock an “outperform” rating in a report on Tuesday, October 4th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $29.33.
Shares of Winnebago Industries (NYSE:WGO) opened at 28.60 on Monday. The company has a market capitalization of $769.14 million, a PE ratio of 17.55 and a beta of 2.11. The firm’s 50-day moving average price is $24.88 and its 200 day moving average price is $22.87. Winnebago Industries has a one year low of $15.41 and a one year high of $30.60.
A number of hedge funds have recently added to or reduced their stakes in WGO. BNP Paribas Arbitrage SA raised its stake in 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 during the period. Prudential Financial Inc. raised its stake in Winnebago Industries by 30.9% in the first quarter. Prudential Financial Inc. now owns 82,193 shares of the company’s stock valued at $1,845,000 after buying an additional 19,409 shares during the period. HL Financial Services LLC raised its stake in Winnebago Industries by 11.3% in the second quarter. HL Financial Services LLC now owns 89,051 shares of the company’s stock valued at $2,041,000 after buying an additional 9,032 shares during the period. Boston Partners raised its stake in Winnebago Industries by 2.4% in the second quarter. Boston Partners now owns 225,483 shares of the company’s stock valued at $5,168,000 after buying an additional 5,212 shares during the period. Finally, GSA Capital Partners LLP raised its stake in Winnebago Industries by 217.4% in the second quarter. GSA Capital Partners LLP now owns 40,586 shares of the company’s stock valued at $930,000 after buying an additional 27,800 shares during the period. 91.47% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.42%. The ex-dividend date is Monday, November 7th. Winnebago Industries’s dividend payout ratio (DPR) is presently 23.67%.
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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