Research Analysts Set Expectations for WGO FY2024 Earnings

Winnebago Industries, Inc. (NYSE:WGO) – Analysts at Roth Capital cut their FY2024 EPS estimates for shares of Winnebago Industries in a research report issued on Monday, October 21st. Roth Capital analyst S. Stember now forecasts that the construction company will post earnings per share of $3.95 for the year, down from their previous forecast of $4.05. The consensus estimate for Winnebago Industries’ current full-year earnings is $4.06 per share. Roth Capital also issued estimates for Winnebago Industries’ Q4 2024 earnings at $0.84 EPS, Q1 2025 earnings at $0.78 EPS, Q4 2025 earnings at $1.52 EPS and FY2025 earnings at $4.90 EPS.

Other research analysts have also recently issued research reports about the company. Benchmark dropped their price objective on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday. Citigroup upped their target price on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, July 12th. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Friday, October 18th. Finally, Truist Financial lifted their price objective on Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $69.29.

Winnebago Industries Price Performance

Shares of WGO stock opened at $51.78 on Tuesday. The company has a market capitalization of $1.50 billion, a P/E ratio of 19.99 and a beta of 1.61. The company’s 50-day simple moving average is $58.00 and its two-hundred day simple moving average is $58.83. Winnebago Industries has a one year low of $49.68 and a one year high of $75.42. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35.

Winnebago Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.63%. The ex-dividend date was Wednesday, September 11th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s payout ratio is 52.51%.

Institutional Trading of Winnebago Industries

Several hedge funds have recently modified their holdings of the company. Louisiana State Employees Retirement System grew its position in shares of Winnebago Industries by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the construction company’s stock worth $797,000 after buying an additional 200 shares during the last quarter. ProShare Advisors LLC boosted its stake in Winnebago Industries by 5.0% in the first quarter. ProShare Advisors LLC now owns 5,744 shares of the construction company’s stock valued at $425,000 after acquiring an additional 274 shares in the last quarter. Sound Income Strategies LLC grew its holdings in Winnebago Industries by 69.1% in the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after purchasing an additional 286 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Winnebago Industries by 5.0% during the second quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock worth $333,000 after purchasing an additional 294 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 shares in the last quarter.

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.