Winnebago Industries (NYSE:WGO) Issues Earnings Results, Misses Expectations By $0.12 EPS

Winnebago Industries (NYSE:WGO) issued its quarterly earnings results on Thursday. The RV manufacturer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.12), FiscalAI reports. The company had revenue of $698.70 million during the quarter, compared to analysts’ expectations of $755.67 million. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.Winnebago Industries’s revenue was down 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS.

Winnebago Industries Trading Down 3.5%

NYSE WGO opened at $27.28 on Thursday. The firm’s fifty day moving average price is $30.15 and its 200 day moving average price is $36.92. The company has a market capitalization of $771.29 million, a price-to-earnings ratio of 18.56 and a beta of 1.12. Winnebago Industries has a 12 month low of $26.80 and a 12 month high of $50.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 0.99.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were issued a $0.35 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.40 annualized dividend and a dividend yield of 5.1%. Winnebago Industries’s dividend payout ratio is presently 95.24%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Griffin Securities set a $35.00 price target on shares of Winnebago Industries in a research note on Monday, June 15th. Benchmark dropped their price target on Winnebago Industries from $48.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday. Northcoast Research lowered Winnebago Industries from a “buy” rating to a “neutral” rating in a report on Monday, June 1st. Citigroup lowered shares of Winnebago Industries from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $46.00 to $30.00 in a report on Wednesday, May 27th. Finally, Robert W. Baird lowered their price target on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.90.

Hedge Funds Weigh In On Winnebago Industries

A number of hedge funds have recently modified their holdings of WGO. Panagora Asset Management Inc. acquired a new stake in Winnebago Industries during the 4th quarter worth $314,000. Oxford Financial Group LTD. LLC grew its holdings in shares of Winnebago Industries by 32.1% during the second quarter. Oxford Financial Group LTD. LLC now owns 10,668 shares of the RV manufacturer’s stock worth $309,000 after buying an additional 2,591 shares during the last quarter. Corient Private Wealth LLC acquired a new position in Winnebago Industries in the 4th quarter valued at about $272,000. Numerai GP LLC purchased a new stake in Winnebago Industries during the 3rd quarter valued at approximately $241,000. Finally, Entropy Technologies LP purchased a new position in shares of Winnebago Industries in the 4th quarter valued at approximately $239,000.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.