Winnebago Industries, Inc. (NYSE:WGO – Free Report) – 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 – Get Free Report) 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.
Get Our Latest Stock Report on Winnebago Industries
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.
See Also
- Five stocks we like better than Winnebago Industries
- Insider Trading – What You Need to Know
- Why Paychex Stock’s Dip is the Best Opportunity in Today’s Cycle
- Learn Technical Analysis Skills to Master the Stock Market
- Any Pullback in Tech May Signal a Rotation into These 3 Sectors
- Find and Profitably Trade Stocks at 52-Week Lows
- 3 Stocks to Watch: Oracle, Casey’s, FedEx Signal Big Gains
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.