Analysts Set Expectations for Winnebago Industries, Inc.’s FY2024 Earnings (NYSE:WGO)

Winnebago Industries, Inc. (NYSE:WGO) – Equities research analysts at DA Davidson cut their FY2024 earnings estimates for Winnebago Industries in a note issued to investors on Monday, June 24th. DA Davidson analyst B. Rolle now anticipates that the construction company will post earnings per share of $4.15 for the year, down from their previous forecast of $4.75. DA Davidson has a “Neutral” rating and a $66.00 price objective on the stock. The consensus estimate for Winnebago Industries’ current full-year earnings is $4.37 per share.

Winnebago Industries (NYSE:WGO) last released its earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.17). The firm had revenue of $786.00 million during the quarter, compared to the consensus estimate of $798.26 million. Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. Winnebago Industries’s revenue was down 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 EPS.

Several other equities research analysts have also issued reports on WGO. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Robert W. Baird decreased their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, June 21st. Roth Mkm decreased their price objective on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, June 21st. BMO Capital Markets decreased their price objective on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, June 21st. Finally, Truist Financial decreased their price objective on shares of Winnebago Industries from $76.00 to $68.00 and set a “buy” rating for the company in a report on Friday, June 21st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $68.50.

Winnebago Industries Price Performance

Winnebago Industries stock opened at $52.72 on Thursday. The firm has a 50-day moving average price of $60.27 and a 200-day moving average price of $65.77. The firm has a market capitalization of $1.53 billion, a PE ratio of 20.36 and a beta of 1.72. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. Winnebago Industries has a 12-month low of $51.02 and a 12-month high of $75.42.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WGO. 1832 Asset Management L.P. increased its position in Winnebago Industries by 484.1% during the 1st quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock valued at $74,302,000 after purchasing an additional 832,187 shares during the period. Broad Peak Investment Holdings Ltd. grew its position in shares of Winnebago Industries by 108.2% in the 4th quarter. Broad Peak Investment Holdings Ltd. now owns 731,678 shares of the construction company’s stock worth $53,325,000 after buying an additional 380,200 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Winnebago Industries by 44.7% in the 4th quarter. Pacer Advisors Inc. now owns 675,242 shares of the construction company’s stock worth $49,212,000 after buying an additional 208,452 shares during the last quarter. Norges Bank purchased a new position in shares of Winnebago Industries in the 4th quarter worth approximately $13,809,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Winnebago Industries by 10.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock worth $121,044,000 after buying an additional 161,987 shares during the last quarter.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Wednesday, June 12th. Winnebago Industries’s dividend payout ratio (DPR) is 47.88%.

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 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.