Analysts Expect Winnebago Industries, Inc. (NYSE:WGO) Will Announce Quarterly Sales of $551.42 Million

Equities research analysts predict that Winnebago Industries, Inc. (NYSE:WGO) will announce sales of $551.42 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Winnebago Industries’ earnings. The lowest sales estimate is $542.40 million and the highest is $574.49 million. Winnebago Industries posted sales of $536.19 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.8%. The company is scheduled to report its next quarterly earnings report on Wednesday, October 16th.

On average, analysts expect that Winnebago Industries will report full-year sales of $2.01 billion for the current fiscal year, with estimates ranging from $2.00 billion to $2.03 billion. For the next financial year, analysts forecast that the business will post sales of $2.15 billion, with estimates ranging from $2.12 billion to $2.19 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Winnebago Industries.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, June 19th. The construction company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.09. Winnebago Industries had a return on equity of 18.94% and a net margin of 5.51%. The firm had revenue of $528.90 million for the quarter, compared to analysts’ expectations of $560.77 million. During the same quarter last year, the firm posted $1.02 EPS. The company’s revenue was down 5.9% compared to the same quarter last year.

Several research firms have weighed in on WGO. Northcoast Research began coverage on Winnebago Industries in a report on Friday, June 14th. They issued a “buy” rating and a $47.00 price target on the stock. Zacks Investment Research upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. ValuEngine lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. SunTrust Banks increased their price objective on Winnebago Industries to $48.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Finally, BMO Capital Markets increased their price objective on Winnebago Industries to $46.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $42.00.

Shares of NYSE:WGO traded down $1.08 on Wednesday, hitting $35.43. The company’s stock had a trading volume of 161,000 shares, compared to its average volume of 532,613. The firm’s 50-day moving average price is $38.62. Winnebago Industries has a 1 year low of $19.77 and a 1 year high of $42.08. The stock has a market cap of $1.15 billion, a P/E ratio of 11.25, a PEG ratio of 0.47 and a beta of 1.59. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 0.42.

A number of institutional investors and hedge funds have recently bought and sold shares of WGO. Advisor Group Inc. raised its stake in Winnebago Industries by 103.4% in the fourth quarter. Advisor Group Inc. now owns 1,654 shares of the construction company’s stock valued at $40,000 after purchasing an additional 841 shares in the last quarter. Geode Capital Management LLC grew its position in Winnebago Industries by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 312,394 shares of the construction company’s stock worth $7,563,000 after acquiring an additional 27,294 shares during the last quarter. Bank of America Corp DE grew its position in Winnebago Industries by 17.6% during the 4th quarter. Bank of America Corp DE now owns 156,857 shares of the construction company’s stock worth $3,797,000 after acquiring an additional 23,511 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in Winnebago Industries by 371.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,453 shares of the construction company’s stock worth $253,000 after acquiring an additional 8,237 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in Winnebago Industries during the 4th quarter worth approximately $307,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

About Winnebago Industries

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.

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Earnings History and Estimates for Winnebago Industries (NYSE:WGO)

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