Winnebago Industries (WGO) Scheduled to Post Earnings on Wednesday

Winnebago Industries (NYSE:WGO) will be releasing its earnings data before the market opens on Wednesday, October 23rd. Analysts expect Winnebago Industries to post earnings of $1.02 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Winnebago Industries Stock Down 3.8 %

NYSE WGO opened at $58.11 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. The stock has a market capitalization of $1.68 billion, a PE ratio of 22.43 and a beta of 1.61. Winnebago Industries has a 1 year low of $49.68 and a 1 year high of $75.42. The business’s 50-day moving average is $57.93 and its 200 day moving average is $58.99.

Winnebago Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were paid a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 2.34%. Winnebago Industries’s dividend payout ratio (DPR) is presently 52.51%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WGO. Citigroup raised their target price on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Truist Financial raised their price objective on shares of Winnebago Industries from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Benchmark began coverage on shares of Winnebago Industries in a report on Thursday, July 18th. They issued a “buy” rating and a $75.00 price objective for the company. Finally, StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

Insider Buying and Selling

In related news, SVP Stacy L. Bogart sold 3,333 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the completion of the transaction, the senior vice president now owns 41,315 shares of the company’s stock, valued at approximately $2,395,443.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.75% of the stock is currently owned by insiders.

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 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.