Winnebago Industries (WGO) Releases Earnings Results, Beats Expectations By $0.05 EPS
Winnebago Industries (NYSE:WGO) posted its quarterly earnings results on Wednesday. The construction company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05, Bloomberg Earnings reports. Winnebago Industries had a return on equity of 21.92% and a net margin of 4.61%. The firm had revenue of $450.00 million for the quarter, compared to the consensus estimate of $387.12 million. During the same period in the previous year, the business earned $0.42 earnings per share. The company’s revenue for the quarter was up 83.4% compared to the same quarter last year.
Shares of Winnebago Industries (NYSE:WGO) opened at $54.75 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1,843.21, a price-to-earnings ratio of 19.71 and a beta of 2.06. Winnebago Industries has a 12-month low of $24.15 and a 12-month high of $58.65.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, January 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.73%. Winnebago Industries’s payout ratio is 17.39%.
WGO has been the topic of a number of analyst reports. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research note on Thursday, October 5th. BMO Capital Markets restated a “hold” rating and issued a $34.00 price target on shares of Winnebago Industries in a research note on Friday, October 13th. SunTrust Banks restated a “hold” rating and issued a $45.00 price target on shares of Winnebago Industries in a research note on Friday, October 20th. They noted that the move was a valuation call. ValuEngine downgraded Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Robert W. Baird reiterated an “outperform” rating and set a $48.00 target price (up from $38.00) on shares of Winnebago Industries in a research report on Friday, October 20th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.17.
About Winnebago Industries
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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