Winnebago Industries, Inc. (NYSE:WGO) Expected to Post Quarterly Sales of $530.45 Million

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Wall Street brokerages expect Winnebago Industries, Inc. (NYSE:WGO) to post sales of $530.45 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Winnebago Industries’ earnings, with the highest sales estimate coming in at $546.13 million and the lowest estimate coming in at $520.71 million. Winnebago Industries reported sales of $493.65 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.5%. The business is scheduled to issue its next quarterly earnings report on Wednesday, December 18th.

According to Zacks, analysts expect that Winnebago Industries will report full-year sales of $2.64 billion for the current year, with estimates ranging from $2.60 billion to $2.68 billion. For the next year, analysts anticipate that the firm will post sales of $2.82 billion, with estimates ranging from $2.72 billion to $2.93 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Winnebago Industries.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Wednesday, October 23rd. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.03. Winnebago Industries had a net margin of 5.63% and a return on equity of 18.51%. The company had revenue of $530.40 million during the quarter, compared to analyst estimates of $520.84 million. During the same period in the previous year, the business posted $0.94 earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year.

A number of brokerages have recently issued reports on WGO. Robert W. Baird set a $42.00 price objective on shares of Winnebago Industries and gave the company a “buy” rating in a research report on Tuesday, September 17th. Zacks Investment Research raised Winnebago Industries from a “sell” rating to a “hold” rating and set a $53.00 target price on the stock in a report on Saturday, October 26th. ValuEngine downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. Sidoti lowered their target price on Winnebago Industries from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Finally, SunTrust Banks boosted their price target on Winnebago Industries to $58.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $48.43.

In other Winnebago Industries news, VP Brian Daniel Hazelton sold 5,113 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $48.93, for a total value of $250,179.09. Following the completion of the transaction, the vice president now directly owns 16,479 shares in the company, valued at $806,317.47. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WGO. Envestnet Asset Management Inc. raised its position in Winnebago Industries by 13.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 16,359 shares of the construction company’s stock worth $632,000 after purchasing an additional 1,896 shares during the period. First Trust Advisors LP raised its holdings in shares of Winnebago Industries by 21.7% in the third quarter. First Trust Advisors LP now owns 94,909 shares of the construction company’s stock worth $3,640,000 after buying an additional 16,903 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Winnebago Industries by 21.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,159,133 shares of the construction company’s stock worth $44,302,000 after acquiring an additional 205,835 shares during the last quarter. Bahl & Gaynor Inc. bought a new stake in shares of Winnebago Industries during the 2nd quarter worth approximately $888,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in Winnebago Industries during the 3rd quarter valued at $2,259,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

WGO traded up $0.53 during trading on Friday, hitting $47.78. The company’s stock had a trading volume of 494,700 shares, compared to its average volume of 548,378. The business’s 50 day simple moving average is $47.79 and its 200-day simple moving average is $39.22. The firm has a market cap of $1.52 billion, a PE ratio of 13.89, a P/E/G ratio of 0.52 and a beta of 1.64. Winnebago Industries has a one year low of $19.77 and a one year high of $51.87. The company has a quick ratio of 1.06, a current ratio of 2.08 and a debt-to-equity ratio of 0.39.

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 in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.

See Also: Cost of Equity For A Business, Investors

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Earnings History and Estimates for Winnebago Industries (NYSE:WGO)

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