Q4 2017 Earnings Estimate for Winnebago Industries, Inc. Issued By Northcoast Research (WGO)
Winnebago Industries, Inc. (NYSE:WGO) – Equities researchers at Northcoast Research upped their Q4 2017 EPS estimates for Winnebago Industries in a research note issued to investors on Thursday. Northcoast Research analyst S. Woolf now forecasts that the construction company will earn $0.74 per share for the quarter, up from their prior estimate of $0.69. Northcoast Research currently has a “Buy” rating on the stock. Northcoast Research also issued estimates for Winnebago Industries’ Q4 2018 earnings at $1.02 EPS and FY2018 earnings at $3.15 EPS.
Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, June 21st. The construction company reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.22. The business had revenue of $476.40 million for the quarter, compared to analysts’ expectations of $440.94 million. Winnebago Industries had a net margin of 4.39% and a return on equity of 20.01%. The business’s revenue for the quarter was up 75.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS.
WGO has been the topic of a number of other research reports. Zacks Investment Research downgraded Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Monday, March 27th. BMO Capital Markets restated a “market perform” rating and set a $29.00 price target (down previously from $40.00) on shares of Winnebago Industries in a research note on Friday, March 10th. CL King began coverage on Winnebago Industries in a research note on Monday, April 24th. They set a “buy” rating and a $32.00 price target on the stock. Finally, Griffin Securities restated a “buy” rating on shares of Winnebago Industries in a research note on Thursday, March 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $33.80.
Winnebago Industries (NYSE:WGO) opened at 35.15 on Monday. The firm’s 50-day moving average is $27.17 and its 200 day moving average is $30.32. The company has a market cap of $1.11 billion, a PE ratio of 17.56 and a beta of 2.07. Winnebago Industries has a 1-year low of $21.32 and a 1-year high of $39.30.
Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Winnebago Industries by 690.4% in the first quarter. Goldman Sachs Group Inc. now owns 477,183 shares of the construction company’s stock worth $13,958,000 after buying an additional 416,813 shares during the last quarter. Jane Street Group LLC bought a new stake in Winnebago Industries during the first quarter worth $393,000. State Street Corp boosted its stake in Winnebago Industries by 5.4% in the first quarter. State Street Corp now owns 638,509 shares of the construction company’s stock worth $18,678,000 after buying an additional 32,448 shares during the last quarter. Bank of America Corp DE boosted its stake in Winnebago Industries by 36.0% in the first quarter. Bank of America Corp DE now owns 167,475 shares of the construction company’s stock worth $4,899,000 after buying an additional 44,321 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Winnebago Industries by 5.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 120,340 shares of the construction company’s stock worth $3,520,000 after buying an additional 6,126 shares during the last quarter. 84.86% of the stock is owned by institutional investors.
In related news, Director David W. Miles acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, April 11th. The stock was bought at an average cost of $25.65 per share, with a total value of $51,300.00. Following the transaction, the director now owns 3,600 shares of the company’s stock, valued at $92,340. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher J. Braun acquired 5,000 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were bought at an average cost of $27.72 per share, with a total value of $138,600.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,278 shares of company stock worth $301,623 in the last 90 days. 1.50% of the stock is currently owned by company insiders.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Wednesday, July 12th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, July 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.14%. Winnebago Industries’s dividend payout ratio is presently 20.00%.
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 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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