Winnebago Industries (NYSE:WGO) Posts Quarterly Earnings Results, Meets Expectations

Winnebago Industries (NYSE:WGO) released its quarterly earnings results on Thursday. The construction company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19, Zacks reports. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm had revenue of $620.20 million during the quarter, compared to analysts’ expectations of $621.41 million. During the same period in the previous year, the company earned $0.93 EPS. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. Winnebago Industries updated its FY25 guidance to $2.75-$3.75 EPS and its FY 2025 guidance to 2.750-3.750 EPS.

Winnebago Industries Stock Performance

NYSE:WGO opened at $37.67 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. Winnebago Industries has a 1-year low of $33.62 and a 1-year high of $74.10. The firm has a 50-day moving average of $41.71 and a two-hundred day moving average of $50.78. The stock has a market cap of $1.07 billion, a P/E ratio of -57.07 and a beta of 1.70.

Winnebago Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.34 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.61%. Winnebago Industries’s payout ratio is currently -206.06%.

Insider Buying and Selling

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the transaction, the director now directly owns 10,985 shares of the company’s stock, valued at $486,855.20. The trade was a 12.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.63% of the company’s stock.

Wall Street Analysts Forecast Growth

WGO has been the topic of a number of analyst reports. KeyCorp cut their target price on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Truist Financial lifted their target price on Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, February 10th. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Tuesday. DA Davidson decreased their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. Finally, Benchmark reiterated a “buy” rating and set a $70.00 price target on shares of Winnebago Industries in a research report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.00.

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.