Equities research analysts forecast that Winnebago Industries, Inc. (NYSE:WGO) will report $461.80 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Winnebago Industries’ earnings, with the lowest sales estimate coming in at $433.50 million and the highest estimate coming in at $490.10 million. Winnebago Industries posted sales of $450.02 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.6%. The company is expected to announce its next quarterly earnings results on Wednesday, December 19th.
According to Zacks, analysts expect that Winnebago Industries will report full-year sales of $2.13 billion for the current fiscal year, with estimates ranging from $2.04 billion to $2.21 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.26 billion, with estimates ranging from $2.18 billion to $2.35 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Winnebago Industries.
Winnebago Industries (NYSE:WGO) last issued its earnings results on Wednesday, October 17th. The construction company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.03. The business had revenue of $536.20 million for the quarter, compared to analysts’ expectations of $498.30 million. Winnebago Industries had a return on equity of 20.27% and a net margin of 5.08%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 EPS.
Shares of Winnebago Industries stock traded down $0.52 during midday trading on Monday, hitting $27.60. The company’s stock had a trading volume of 249,172 shares, compared to its average volume of 1,001,465. The stock has a market cap of $912.61 million, a PE ratio of 9.09 and a beta of 1.64. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.55. Winnebago Industries has a 1-year low of $25.21 and a 1-year high of $58.65.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. acquired a new stake in Winnebago Industries during the second quarter valued at $138,000. BlueMountain Capital Management LLC boosted its position in Winnebago Industries by 174.8% during the second quarter. BlueMountain Capital Management LLC now owns 3,886 shares of the construction company’s stock valued at $158,000 after purchasing an additional 2,472 shares during the last quarter. Amalgamated Bank acquired a new stake in Winnebago Industries during the second quarter valued at $204,000. Xact Kapitalforvaltning AB acquired a new stake in Winnebago Industries during the second quarter valued at $217,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Winnebago Industries during the second quarter valued at $238,000. 86.43% of the stock is owned by hedge funds and other institutional investors.
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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