Brokers Issue Forecasts for Winnebago Industries, Inc.’s FY2024 Earnings (NYSE:WGO)

Winnebago Industries, Inc. (NYSE:WGO) – Investment analysts at DA Davidson dropped their FY2024 earnings per share estimates for shares of Winnebago Industries in a research note issued to investors on Monday, June 24th. DA Davidson analyst B. Rolle now forecasts that the construction company will post earnings of $4.15 per share for the year, down from their previous forecast of $4.75. DA Davidson currently has a “Neutral” rating and a $66.00 target price on the stock. The consensus estimate for Winnebago Industries’ current full-year earnings is $4.29 per share.

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

Other research analysts also recently issued research reports about the stock. Robert W. Baird cut their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, June 21st. Truist Financial lowered their price target on Winnebago Industries from $76.00 to $68.00 and set a “buy” rating for the company in a report on Friday, June 21st. BMO Capital Markets lowered their price target on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, June 21st. StockNews.com upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Finally, Roth Mkm lowered their price target on Winnebago Industries from $70.00 to $59.00 and set a “neutral” 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, Winnebago Industries has a consensus rating of “Moderate Buy” and an average price target of $68.50.

Winnebago Industries Trading Up 1.3 %

Shares of WGO stock opened at $54.17 on Thursday. The firm has a 50-day moving average price of $59.95 and a 200 day moving average price of $65.57. Winnebago Industries has a twelve month low of $51.02 and a twelve month high of $75.42. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 20.92 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.

Institutional Trading of Winnebago Industries

A number of institutional investors have recently modified their holdings of WGO. UBS Group AG boosted its holdings in Winnebago Industries by 3,893.2% in the 3rd quarter. UBS Group AG now owns 45,083 shares of the construction company’s stock worth $2,680,000 after acquiring an additional 43,954 shares during the period. Deutsche Bank AG boosted its holdings in Winnebago Industries by 8.0% in the 3rd quarter. Deutsche Bank AG now owns 21,899 shares of the construction company’s stock worth $1,302,000 after acquiring an additional 1,631 shares during the period. Rhumbline Advisers boosted its holdings in Winnebago Industries by 0.6% in the 3rd quarter. Rhumbline Advisers now owns 104,434 shares of the construction company’s stock worth $6,209,000 after acquiring an additional 619 shares during the period. Invesco Ltd. boosted its holdings in Winnebago Industries by 4.4% in the 3rd quarter. Invesco Ltd. now owns 269,904 shares of the construction company’s stock worth $16,046,000 after acquiring an additional 11,393 shares during the period. Finally, Stifel Financial Corp boosted its holdings in Winnebago Industries by 470.7% in the 3rd quarter. Stifel Financial Corp now owns 69,972 shares of the construction company’s stock worth $4,161,000 after acquiring an additional 57,711 shares during the period.

Winnebago Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Wednesday, June 12th. Winnebago Industries’s payout ratio is currently 47.88%.

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.