Equities Analysts Offer Predictions for Winnebago Industries, Inc.’s FY2024 Earnings (NYSE:WGO)


Winnebago Industries, Inc. (NYSE:WGOFree Report) – Investment analysts at DA Davidson decreased their FY2024 earnings estimates for shares of Winnebago Industries in a report issued on Tuesday, March 26th. DA Davidson analyst B. Rolle now forecasts that the construction company will earn $5.20 per share for the year, down from their prior estimate of $5.75. DA Davidson has a “Neutral” rating and a $66.00 price objective on the stock. The consensus estimate for Winnebago Industries’ current full-year earnings is $5.36 per share. DA Davidson also issued estimates for Winnebago Industries’ FY2025 earnings at $6.60 EPS.

Winnebago Industries (NYSE:WGOGet Free Report) last announced its quarterly earnings results on Thursday, March 21st. The construction company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The business had revenue of $703.60 million for the quarter, compared to the consensus estimate of $692.63 million. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%.

A number of other analysts have also recently issued reports on WGO. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Thursday. Roth Mkm reissued a “neutral” rating and set a $70.00 target price on shares of Winnebago Industries in a research note on Thursday, March 21st. Finally, Truist Financial decreased their price target on shares of Winnebago Industries from $74.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, December 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Winnebago Industries has an average rating of “Hold” and an average target price of $71.80.

View Our Latest Stock Analysis on Winnebago Industries

Winnebago Industries Price Performance

NYSE WGO opened at $74.00 on Thursday. The business has a 50 day simple moving average of $67.90 and a 200 day simple moving average of $65.60. Winnebago Industries has a 52-week low of $54.70 and a 52-week high of $75.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.52 and a current ratio of 2.84. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 22.16 and a beta of 1.71.

Institutional Investors Weigh In On Winnebago Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Winnebago Industries during the third quarter worth $1,452,000. Pacer Advisors Inc. raised its stake in Winnebago Industries by 44.7% in the fourth quarter. Pacer Advisors Inc. now owns 675,242 shares of the construction company’s stock valued at $49,212,000 after purchasing an additional 208,452 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in Winnebago Industries by 179.2% in the third quarter. Qube Research & Technologies Ltd now owns 81,466 shares of the construction company’s stock valued at $4,843,000 after purchasing an additional 52,286 shares in the last quarter. Nordea Investment Management AB raised its stake in Winnebago Industries by 33.7% in the third quarter. Nordea Investment Management AB now owns 173,402 shares of the construction company’s stock valued at $10,493,000 after purchasing an additional 43,682 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in Winnebago Industries by 934.7% in the third quarter. Quantbot Technologies LP now owns 18,439 shares of the construction company’s stock valued at $1,096,000 after purchasing an additional 16,657 shares in the last quarter.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, SVP Christopher David West sold 13,564 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $69.08, for a total transaction of $937,001.12. Following the completion of the sale, the senior vice president now owns 26,309 shares of the company’s stock, valued at approximately $1,817,425.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.75% of the company’s stock.

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.68%. The ex-dividend date is Tuesday, April 9th. Winnebago Industries’s dividend payout ratio is 37.13%.

Winnebago Industries Company Profile

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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.

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



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