Winnebago Industries, Inc. (NYSE:WGO) Expected to Announce Quarterly Sales of $530.45 Million

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Equities research analysts expect Winnebago Industries, Inc. (NYSE:WGO) to report sales of $530.45 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Winnebago Industries’ earnings, with the highest sales estimate coming in at $546.13 million and the lowest estimate coming in at $520.71 million. Winnebago Industries reported sales of $493.65 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.5%. The business is expected to issue its next quarterly earnings results on Wednesday, December 18th.

On average, analysts expect that Winnebago Industries will report full-year sales of $2.64 billion for the current fiscal year, with estimates ranging from $2.60 billion to $2.68 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.82 billion, with estimates ranging from $2.72 billion to $2.93 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Winnebago Industries.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. The firm had revenue of $530.40 million for the quarter, compared to analyst estimates of $520.84 million. Winnebago Industries had a net margin of 5.63% and a return on equity of 18.51%. Winnebago Industries’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm posted $0.94 EPS.

A number of research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Winnebago Industries from $46.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. ValuEngine downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research upgraded Winnebago Industries from a “sell” rating to a “hold” rating and set a $53.00 target price on the stock in a research report on Saturday, October 26th. Sidoti cut their target price on Winnebago Industries from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, SunTrust Banks increased their target price on Winnebago Industries to $58.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $48.43.

Shares of WGO stock traded up $0.26 during mid-day trading on Friday, hitting $46.47. The stock had a trading volume of 27,651 shares, compared to its average volume of 428,011. The firm has a market cap of $1.45 billion, a PE ratio of 13.49, a PEG ratio of 0.52 and a beta of 1.64. The company’s 50-day simple moving average is $47.32 and its 200-day simple moving average is $39.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.08 and a quick ratio of 1.06. Winnebago Industries has a fifty-two week low of $19.77 and a fifty-two week high of $51.87.

In other news, VP Brian Daniel Hazelton sold 5,113 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $48.93, for a total value of $250,179.09. Following the completion of the transaction, the vice president now owns 16,479 shares in the company, valued at approximately $806,317.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.80% of the company’s stock.

Several large investors have recently made changes to their positions in the company. NEXT Financial Group Inc acquired a new position in Winnebago Industries during the second quarter worth $42,000. Meeder Asset Management Inc. boosted its position in Winnebago Industries by 453.1% during the third quarter. Meeder Asset Management Inc. now owns 2,467 shares of the construction company’s stock worth $95,000 after purchasing an additional 2,021 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Winnebago Industries in the second quarter valued at $144,000. GSA Capital Partners LLP acquired a new stake in Winnebago Industries in the second quarter valued at $226,000. Finally, LPL Financial LLC purchased a new position in shares of Winnebago Industries in the second quarter valued at $260,000. 93.15% 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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