Winnebago Industries, Inc. (NYSE:WGO) – Investment analysts at Northcoast Research raised their Q2 2020 earnings per share estimates for shares of Winnebago Industries in a research report issued to clients and investors on Thursday, October 24th. Northcoast Research analyst B. Rolle now anticipates that the construction company will post earnings per share of $0.75 for the quarter, up from their previous forecast of $0.70. Northcoast Research also issued estimates for Winnebago Industries’ Q3 2020 earnings at $1.33 EPS, Q4 2020 earnings at $1.25 EPS, FY2020 earnings at $4.10 EPS and FY2021 earnings at $4.55 EPS.
Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.03. Winnebago Industries had a return on equity of 18.51% and a net margin of 5.63%. The business had revenue of $530.40 million for the quarter, compared to analyst estimates of $520.84 million. During the same period last year, the company earned $0.94 EPS. The firm’s revenue was down 1.1% on a year-over-year basis.
Other research analysts have also issued reports about the company. SunTrust Banks raised their price target on Winnebago Industries to $58.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Zacks Investment Research upgraded Winnebago Industries from a “sell” rating to a “hold” rating and set a $53.00 price target on the stock in a research report on Saturday. Robert W. Baird raised their price target on Winnebago Industries from $42.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets raised their price target on Winnebago Industries from $46.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Sidoti reduced their price target 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Winnebago Industries currently has an average rating of “Buy” and a consensus target price of $50.14.
NYSE:WGO opened at $51.43 on Monday. Winnebago Industries has a 12-month low of $19.77 and a 12-month high of $51.87. The company has a quick ratio of 0.98, a current ratio of 2.08 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $1.63 billion, a P/E ratio of 14.95, a P/E/G ratio of 0.60 and a beta of 1.65. The stock’s fifty day simple moving average is $39.64 and its 200-day simple moving average is $36.80.
A number of institutional investors have recently modified their holdings of WGO. NEXT Financial Group Inc acquired a new stake in Winnebago Industries during the 2nd quarter worth $42,000. Meeder Asset Management Inc. raised its stake in Winnebago Industries by 453.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,467 shares of the construction company’s stock worth $95,000 after buying an additional 2,021 shares during the period. Advisory Services Network LLC acquired a new stake in Winnebago Industries during the 2nd quarter worth $144,000. GSA Capital Partners LLP acquired a new stake in Winnebago Industries during the 2nd quarter worth $226,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in Winnebago Industries during the 2nd quarter worth $230,000. 95.60% of the stock is currently owned by institutional investors and hedge funds.
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.
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