According to Zacks, “In second-quarter 2019, Winnebago’s earnings and revenues beat the Zacks Consensus Estimate. However, earnings and revenues declined on a year-over-year basis. The company’s agreement to repurchase default vehicles at a reduced price from dealers will escalate expenses. Further, rising input costs hurt Winnebago’s margins at the Towable segment. In the coming quarters, prices might increase, thus, pressurizing the company’s profit. Also, high selling general & administrative (SG&A) expenses are concerns.”
Several other research analysts have also recently weighed in on the company. ValuEngine upgraded Winnebago Industries from a strong sell rating to a sell rating in a report on Monday, April 1st. Jefferies Financial Group began coverage on Winnebago Industries in a report on Thursday, March 28th. They set a hold rating and a $31.00 target price on the stock. TheStreet upgraded Winnebago Industries from a c+ rating to a b- rating in a report on Monday, February 11th. BMO Capital Markets lowered their target price on Winnebago Industries to $42.00 and set an outperform rating on the stock in a report on Monday, February 4th. Finally, SunTrust Banks lowered their target price on Winnebago Industries to $34.00 and set a positive rating on the stock in a report on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $38.83.
Shares of Winnebago Industries stock opened at $35.00 on Friday. The company has a market cap of $1.12 billion, a PE ratio of 11.11, a P/E/G ratio of 0.45 and a beta of 1.48. Winnebago Industries has a 1-year low of $19.77 and a 1-year high of $47.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.93 and a current ratio of 1.82.
Winnebago Industries (NYSE:WGO) last issued its earnings results on Monday, March 25th. The construction company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.12. The business had revenue of $432.70 million for the quarter, compared to analysts’ expectations of $443.05 million. Winnebago Industries had a return on equity of 19.11% and a net margin of 5.24%. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. As a group, analysts expect that Winnebago Industries will post 3.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Wednesday, April 3rd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, April 2nd. Winnebago Industries’s payout ratio is presently 13.97%.
In other news, CEO Michael J. Happe purchased 3,500 shares of Winnebago Industries stock in a transaction dated Wednesday, March 27th. The shares were purchased at an average price of $29.19 per share, with a total value of $102,165.00. Following the transaction, the chief executive officer now owns 56,671 shares in the company, valued at $1,654,226.49. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, VP Steven Scott Degnan sold 10,013 shares of Winnebago Industries stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $30.11, for a total transaction of $301,491.43. Following the sale, the vice president now directly owns 32,449 shares in the company, valued at approximately $977,039.39. The disclosure for this sale can be found here. 3.57% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. raised its position in shares of Winnebago Industries by 103.4% during the 4th quarter. Advisor Group Inc. now owns 1,654 shares of the construction company’s stock valued at $40,000 after buying an additional 841 shares during the period. AlphaOne Investment Services LLC raised its position in shares of Winnebago Industries by 39.7% during the 4th quarter. AlphaOne Investment Services LLC now owns 1,721 shares of the construction company’s stock valued at $42,000 after buying an additional 489 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Winnebago Industries by 27.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,991 shares of the construction company’s stock valued at $48,000 after buying an additional 428 shares during the period. 6 Meridian purchased a new stake in shares of Winnebago Industries during the 1st quarter valued at approximately $218,000. Finally, Rex Capital Advisors LLC purchased a new stake in shares of Winnebago Industries during the 4th quarter valued at approximately $242,000. 92.72% of the stock is currently owned by hedge funds and other 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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