Research Analysts Issue Forecasts for Winnebago Industries, Inc.’s Q1 2023 Earnings (NYSE:WGO)

Winnebago Industries, Inc. (NYSE:WGO) – Jefferies Financial Group issued their Q1 2023 earnings estimates for shares of Winnebago Industries in a note issued to investors on Wednesday, October 20th. Jefferies Financial Group analyst B. Jordan anticipates that the construction company will post earnings per share of $2.24 for the quarter. Jefferies Financial Group also issued estimates for Winnebago Industries’ Q2 2023 earnings at $2.23 EPS, Q3 2023 earnings at $2.38 EPS, Q4 2023 earnings at $2.42 EPS and FY2023 earnings at $9.27 EPS.

Other research analysts have also issued reports about the stock. KeyCorp lifted their price target on shares of Winnebago Industries from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday. Truist decreased their price target on shares of Winnebago Industries from $90.00 to $85.00 and set a “buy” rating for the company in a report on Friday, September 17th. BMO Capital Markets lifted their price target on shares of Winnebago Industries from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday. Truist Securities decreased their price target on shares of Winnebago Industries from $90.00 to $85.00 and set a “buy” rating for the company in a report on Friday, September 17th. Finally, Raymond James assumed coverage on shares of Winnebago Industries in a research note on Thursday, July 1st. They set a “market perform” rating for the company. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Winnebago Industries currently has a consensus rating of “Buy” and an average price target of $84.91.

NYSE WGO opened at $67.30 on Friday. Winnebago Industries has a one year low of $44.33 and a one year high of $87.53. The company has a 50-day simple moving average of $71.83 and a 200-day simple moving average of $72.08. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.75 and a current ratio of 2.63. The firm has a market capitalization of $2.26 billion, a PE ratio of 9.56 and a beta of 1.99.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Tuesday, October 19th. The construction company reported $2.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.56. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $965.31 million. Winnebago Industries had a net margin of 7.21% and a return on equity of 27.74%. The firm’s revenue for the quarter was up 40.4% compared to the same quarter last year. During the same period last year, the business earned $1.45 EPS.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 29th. Shareholders of record on Wednesday, September 15th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, September 14th. Winnebago Industries’s payout ratio is 27.91%.

In other Winnebago Industries news, SVP Ashis Nayan Bhattacharya sold 746 shares of the business’s stock in a transaction dated Wednesday, August 11th. The shares were sold at an average price of $74.25, for a total transaction of $55,390.50. Following the sale, the senior vice president now directly owns 17,417 shares in the company, valued at approximately $1,293,212.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.26% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WGO. First Trust Advisors LP raised its holdings in shares of Winnebago Industries by 35.5% in the 1st quarter. First Trust Advisors LP now owns 88,382 shares of the construction company’s stock worth $2,753,000 after purchasing an additional 23,157 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Winnebago Industries by 32.8% in the 1st quarter. Russell Investments Group Ltd. now owns 21,116 shares of the construction company’s stock worth $1,618,000 after purchasing an additional 5,213 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Winnebago Industries in the 1st quarter worth approximately $277,000. Acadian Asset Management LLC raised its holdings in shares of Winnebago Industries by 54.3% in the 1st quarter. Acadian Asset Management LLC now owns 1,608 shares of the construction company’s stock worth $123,000 after purchasing an additional 566 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Winnebago Industries in the 1st quarter worth approximately $4,612,000. Institutional investors and hedge funds own 89.68% of the company’s stock.

Winnebago Industries Company Profile

Winnebago Industries, Inc engages in the design, development, manufacture, and sale of motorized and towable recreation products. It operates through the following segments: Grand Design towables, Winnebago towables, Winnebago motorhomes, Newmar motorhomes, Chris-Craft marine and Winnebago specialty vehicles.

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

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