Wall Street analysts expect Winnebago Industries, Inc. (NYSE:WGO) to report $430.69 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Winnebago Industries’ earnings. The highest sales estimate is $482.60 million and the lowest is $401.57 million. Winnebago Industries reported sales of $370.51 million in the same quarter last year, which suggests a positive year over year growth rate of 16.2%. The firm is scheduled to report its next earnings report on Wednesday, March 28th.
According to Zacks, analysts expect that Winnebago Industries will report full-year sales of $430.69 million for the current fiscal year, with estimates ranging from $1.86 billion to $1.99 billion. For the next financial year, analysts anticipate that the business will report sales of $2.05 billion per share, with estimates ranging from $1.92 billion to $2.17 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Winnebago Industries.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, December 20th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The business had revenue of $450.00 million for the quarter, compared to the consensus estimate of $387.12 million. Winnebago Industries had a return on equity of 21.47% and a net margin of 4.43%. The business’s quarterly revenue was up 83.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. acquired a new position in shares of Winnebago Industries in the 4th quarter valued at $120,000. NEXT Financial Group Inc acquired a new position in shares of Winnebago Industries in the 3rd quarter valued at $124,000. Everence Capital Management Inc. purchased a new stake in Winnebago Industries in the fourth quarter valued at $207,000. Glenmede Trust Co. NA boosted its holdings in Winnebago Industries by 57.6% in the fourth quarter. Glenmede Trust Co. NA now owns 3,941 shares of the construction company’s stock valued at $218,000 after purchasing an additional 1,440 shares during the last quarter. Finally, Amalgamated Bank purchased a new stake in Winnebago Industries in the fourth quarter valued at $255,000. 82.94% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Winnebago Industries (NYSE WGO) traded down $1.85 during mid-day trading on Wednesday, hitting $42.70. The stock had a trading volume of 878,155 shares, compared to its average volume of 904,523. The firm has a market capitalization of $1,350.00, a P/E ratio of 17.50 and a beta of 1.79. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.88. Winnebago Industries has a 1-year low of $24.15 and a 1-year high of $58.65.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Tuesday, January 9th. Winnebago Industries’s payout ratio is 16.39%.
COPYRIGHT VIOLATION WARNING: “$430.69 Million in Sales Expected for Winnebago Industries, Inc. (WGO) This Quarter” was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.com-unik.info/2018/02/17/430-69-million-in-sales-expected-for-winnebago-industries-inc-wgo-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Winnebago Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries and related companies with MarketBeat.com's FREE daily email newsletter.