Brokerages Expect Winnebago Industries, Inc. (NYSE:WGO) Will Post Quarterly Sales of $530.45 Million

Equities research analysts expect that Winnebago Industries, Inc. (NYSE:WGO) will announce sales of $530.45 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Winnebago Industries’ earnings, with estimates ranging from $520.71 million to $546.13 million. Winnebago Industries reported sales of $493.65 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.5%. The company is expected to issue its next earnings results on Wednesday, December 18th.

According to Zacks, analysts expect that Winnebago Industries will report full-year sales of $2.64 billion for the current fiscal year, with estimates ranging from $2.60 billion to $2.68 billion. For the next year, analysts forecast that the firm will report sales of $2.82 billion, with estimates ranging from $2.72 billion to $2.93 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Winnebago Industries.

Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, October 23rd. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.03. Winnebago Industries had a return on equity of 18.51% and a net margin of 5.63%. The firm had revenue of $530.40 million for the quarter, compared to analyst estimates of $520.84 million. During the same quarter last year, the firm posted $0.94 EPS. The company’s revenue was down 1.1% on a year-over-year basis.

WGO has been the topic of a number of research reports. ValuEngine lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research raised shares of Winnebago Industries from a “sell” rating to a “hold” rating and set a $53.00 price target for the company in a report on Saturday, October 26th. Sidoti decreased their price target on shares of Winnebago Industries from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. SunTrust Banks boosted their price objective on shares of Winnebago Industries to $58.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Robert W. Baird set a $42.00 price objective on shares of Winnebago Industries and gave the company a “buy” rating in a research report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.43.

Shares of Winnebago Industries stock traded up $0.53 during midday trading on Friday, hitting $47.78. The company had a trading volume of 494,700 shares, compared to its average volume of 548,378. The business’s 50 day simple moving average is $47.79 and its two-hundred day simple moving average is $39.22. The stock has a market cap of $1.52 billion, a PE ratio of 13.89, a P/E/G ratio of 0.52 and a beta of 1.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.08 and a quick ratio of 1.06. Winnebago Industries has a 1-year low of $19.77 and a 1-year high of $51.87.

In other news, VP Brian Daniel Hazelton sold 5,113 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $48.93, for a total transaction of $250,179.09. Following the sale, the vice president now directly owns 16,479 shares in the company, valued at $806,317.47. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.80% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. NEXT Financial Group Inc acquired a new position in Winnebago Industries in the second quarter worth about $42,000. Meeder Asset Management Inc. grew its stake in shares of Winnebago Industries by 453.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,467 shares of the construction company’s stock valued at $95,000 after purchasing an additional 2,021 shares during the period. Advisory Services Network LLC bought a new stake in shares of Winnebago Industries in the 2nd quarter valued at approximately $144,000. GSA Capital Partners LLP acquired a new position in shares of Winnebago Industries in the 2nd quarter worth approximately $226,000. Finally, LPL Financial LLC acquired a new position in shares of Winnebago Industries in the 2nd quarter worth approximately $260,000. 93.15% of the stock is owned by institutional investors.

Winnebago Industries Company Profile

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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