Winnebago Industries, Inc. (NYSE:WGO) – Stock analysts at SunTrust Banks upped their FY2017 earnings estimates for shares of Winnebago Industries in a note issued to investors on Wednesday, according to Zacks Investment Research. SunTrust Banks analyst M. Swartz now anticipates that the construction company will post earnings of $2.25 per share for the year, up from their prior forecast of $2.20. SunTrust Banks also issued estimates for Winnebago Industries’ FY2018 earnings at $2.64 EPS.
Winnebago Industries (NYSE:WGO) last issued its earnings results on Wednesday, March 22nd. The construction company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm earned $370.50 million during the quarter, compared to the consensus estimate of $345.19 million. Winnebago Industries had a net margin of 4.84% and a return on equity of 18.27%. The company’s revenue was up 64.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share. COPYRIGHT VIOLATION NOTICE: “FY2017 Earnings Estimate for Winnebago Industries, Inc. (WGO) Issued By SunTrust Banks” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/04/21/winnebago-industries-inc-forecasted-to-post-fy2017-earnings-of-2-25-per-share-wgo-updated-updated.html.
Several other research analysts have also commented on WGO. Zacks Investment Research raised shares of Winnebago Industries from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Friday, December 23rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $29.00 price target (down from $40.00) on shares of Winnebago Industries in a report on Friday, March 10th. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating in a report on Thursday, March 23rd. Finally, Griffin Securities reaffirmed a “buy” rating on shares of Winnebago Industries in a report on Thursday, March 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.00.
Shares of Winnebago Industries (NYSE:WGO) traded up 0.57% during trading on Friday, hitting $26.25. 329,278 shares of the company were exchanged. The company’s 50-day moving average price is $28.86 and its 200 day moving average price is $31.03. Winnebago Industries has a 12 month low of $20.19 and a 12 month high of $39.30. The stock has a market cap of $829.13 million, a P/E ratio of 13.64 and a beta of 1.95.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 12th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Monday, April 10th. Winnebago Industries’s payout ratio is 22.35%.
In other news, Director Richard D. Moss bought 1,500 shares of Winnebago Industries stock in a transaction on Monday, January 23rd. The stock was purchased at an average cost of $30.74 per share, with a total value of $46,110.00. Following the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $30,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David W. Miles bought 2,000 shares of Winnebago Industries stock in a transaction on Tuesday, April 11th. The shares were purchased at an average cost of $25.65 per share, with a total value of $51,300.00. Following the completion of the purchase, the director now directly owns 3,600 shares in the company, valued at $92,340. The disclosure for this purchase can be found here. Insiders have acquired a total of 8,278 shares of company stock valued at $224,603 over the last three months. 1.50% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new stake in Winnebago Industries during the third quarter worth approximately $100,000. State Street Corp raised its stake in Winnebago Industries by 4.9% in the fourth quarter. State Street Corp now owns 606,061 shares of the construction company’s stock worth $19,184,000 after buying an additional 28,518 shares in the last quarter. Gendell Jeffrey L raised its stake in Winnebago Industries by 18.0% in the third quarter. Gendell Jeffrey L now owns 364,843 shares of the construction company’s stock worth $8,599,000 after buying an additional 55,729 shares in the last quarter. Comerica Bank raised its stake in Winnebago Industries by 4.0% in the fourth quarter. Comerica Bank now owns 28,165 shares of the construction company’s stock worth $928,000 after buying an additional 1,072 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Winnebago Industries by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 507,075 shares of the construction company’s stock worth $11,952,000 after buying an additional 7,995 shares in the last quarter. Institutional investors and hedge funds own 83.36% of the company’s stock.
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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