Roth Capital Issues Pessimistic Forecast for WGO Earnings

Winnebago Industries, Inc. (NYSE:WGO) – Equities research analysts at Roth Capital cut their FY2024 earnings per share (EPS) estimates for Winnebago Industries in a note issued to investors on Monday, October 21st. Roth Capital analyst S. Stember now anticipates that the construction company will earn $3.95 per share for the year, down from their previous estimate of $4.05. The consensus estimate for Winnebago Industries’ current full-year earnings is $4.06 per share. Roth Capital also issued estimates for Winnebago Industries’ Q4 2024 earnings at $0.84 EPS, Q1 2025 earnings at $0.78 EPS, Q4 2025 earnings at $1.52 EPS and FY2025 earnings at $4.90 EPS.

A number of other equities analysts have also weighed in on WGO. Benchmark decreased their price target on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday. Truist Financial raised their target price on shares of Winnebago Industries from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, September 20th. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. Finally, Citigroup upped their price target on shares of Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.29.

Winnebago Industries Stock Performance

Shares of NYSE WGO opened at $58.02 on Tuesday. The stock’s fifty day simple moving average is $57.99 and its 200 day simple moving average is $58.91. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 22.40 and a beta of 1.61. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. Winnebago Industries has a 52-week low of $49.68 and a 52-week high of $75.42.

Winnebago Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were issued a dividend of $0.34 per share. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Wednesday, September 11th. Winnebago Industries’s dividend payout ratio (DPR) is currently 52.51%.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, SVP Stacy L. Bogart sold 3,333 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the completion of the sale, the senior vice president now owns 41,315 shares in the company, valued at $2,395,443.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. 1832 Asset Management L.P. lifted its holdings in shares of 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 buying an additional 832,187 shares during the last quarter. Pacer Advisors Inc. raised its position in Winnebago Industries by 47.8% during the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after acquiring an additional 463,257 shares in the last quarter. Millennium Management LLC lifted its stake in Winnebago Industries by 1,772.8% in the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock valued at $11,409,000 after acquiring an additional 199,264 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Winnebago Industries in the second quarter worth approximately $9,708,000. Finally, Marshall Wace LLP acquired a new position in shares of Winnebago Industries during the 2nd quarter worth $7,976,000.

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.