DA Davidson Weighs in on Winnebago Industries, Inc.’s Q3 2024 Earnings (NYSE:WGO)

Winnebago Industries, Inc. (NYSE:WGO) – DA Davidson issued their Q3 2024 earnings per share estimates for shares of Winnebago Industries in a report issued on Thursday, June 20th. DA Davidson analyst B. Rolle forecasts that the construction company will post earnings of $1.36 per share for the quarter. DA Davidson has a “Neutral” rating and a $66.00 price target on the stock. The consensus estimate for Winnebago Industries’ current full-year earnings is $5.02 per share. DA Davidson also issued estimates for Winnebago Industries’ FY2024 earnings at $4.75 EPS.

Other research analysts have also recently issued reports about the stock. Truist Financial cut their price target on shares of Winnebago Industries from $82.00 to $76.00 and set a “buy” rating for the company in a report on Friday, May 24th. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Winnebago Industries in a report on Thursday, March 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $73.00.

Winnebago Industries Stock Down 3.6 %

WGO stock opened at $54.68 on Friday. The stock has a market capitalization of $1.60 billion, a PE ratio of 16.37 and a beta of 1.72. The company has a fifty day moving average of $61.04 and a 200-day moving average of $66.24. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.52 and a current ratio of 2.84. Winnebago Industries has a one year low of $53.13 and a one year high of $75.42.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Thursday, March 21st. The construction company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The firm had revenue of $703.60 million for the quarter, compared to analyst estimates of $692.63 million. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%.

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, June 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.27%. Winnebago Industries’s payout ratio is 37.13%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in Winnebago Industries in the 4th quarter valued at about $30,000. Principal Securities Inc. acquired a new position in shares of Winnebago Industries during the 4th quarter worth approximately $39,000. EntryPoint Capital LLC purchased a new stake in Winnebago Industries in the 1st quarter valued at approximately $75,000. TFO Wealth Partners LLC increased its position in Winnebago Industries by 33,433.3% during the fourth quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock worth $147,000 after buying an additional 2,006 shares in the last quarter. Finally, Verity Asset Management Inc. purchased a new position in Winnebago Industries during the third quarter worth $236,000.

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 through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.