Analysts Set Expectations for Winnebago Industries, Inc.’s FY2024 Earnings (NYSE:WGO)

Winnebago Industries, Inc. (NYSE:WGO) – Research analysts at DA Davidson cut their FY2024 EPS estimates for Winnebago Industries in a note issued to investors on Monday, June 24th. DA Davidson analyst B. Rolle now anticipates that the construction company will earn $4.15 per share for the year, down from their prior forecast of $4.75. DA Davidson has a “Neutral” rating and a $66.00 price target on the stock. The consensus estimate for Winnebago Industries’ current full-year earnings is $4.37 per share.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.17). Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The company had revenue of $786.00 million during the quarter, compared to the consensus estimate of $798.26 million. During the same period in the previous year, the company earned $2.13 earnings per share. Winnebago Industries’s quarterly revenue was down 12.7% on a year-over-year basis.

WGO has been the subject of a number of other research reports. BMO Capital Markets decreased their target price on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, June 21st. Roth Mkm decreased their target price on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. Robert W. Baird decreased their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, June 21st. Truist Financial reduced their price target on shares of Winnebago Industries from $76.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, June 21st. Finally, StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $68.50.

Winnebago Industries Price Performance

Shares of NYSE WGO opened at $52.72 on Thursday. Winnebago Industries has a fifty-two week low of $51.02 and a fifty-two week high of $75.42. The company has a 50 day simple moving average of $60.27 and a two-hundred day simple moving average of $65.77. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 20.36 and a beta of 1.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 2.45.

Institutional Investors Weigh In On Winnebago Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new stake in Winnebago Industries in the fourth quarter worth approximately $30,000. Principal Securities Inc. purchased a new stake in Winnebago Industries in the fourth quarter worth approximately $39,000. EntryPoint Capital LLC purchased a new stake in Winnebago Industries in the first quarter worth approximately $75,000. TFO Wealth Partners LLC boosted its holdings in Winnebago Industries by 33,433.3% in the fourth quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock worth $147,000 after purchasing an additional 2,006 shares during the last quarter. Finally, Shell Asset Management Co. boosted its holdings in Winnebago Industries by 122.5% in the first quarter. Shell Asset Management Co. now owns 3,210 shares of the construction company’s stock worth $238,000 after purchasing an additional 1,767 shares during the last quarter.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Wednesday, June 12th. Winnebago Industries’s dividend payout ratio is currently 47.88%.

Winnebago Industries Company Profile

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.