Winnebago Industries (NYSE:WGO) Releases Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• Winnebago Industries reported quarterly EPS of $0.49, beating analysts’ consensus estimate of $0.46 by $0.03. The company posted a 1.36% net margin and 4.65% return on equity.
• The company increased its quarterly dividend to $0.36 per share, or $1.44 annualized, implying a 6.2% yield; its payout ratio stood at 105.88%.
• Analysts maintained a consensus “Hold” rating with an average price target of $35.67, while company insiders sold 15,694 shares worth about $511,658 over the prior 90 days.

Winnebago Industries (NYSE:WGO - Get Free Report) announced its earnings results on Wednesday. The RV manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.03, Zacks reports. Winnebago Industries had a net margin of 1.36% and a return on equity of 4.65%.

Winnebago Industries Stock Up 2.3%

Shares of NYSE:WGO opened at $23.20 on Wednesday. Winnebago Industries has a one year low of $21.95 and a one year high of $50.16. The company has a 50 day moving average of $28.02 and a 200-day moving average of $29.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.37 and a quick ratio of 0.92. The stock has a market cap of $655.89 million, a price-to-earnings ratio of 17.06 and a beta of 1.18.

Winnebago Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were paid a $0.36 dividend. This is a boost from Winnebago Industries's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $1.44 annualized dividend and a dividend yield of 6.2%. Winnebago Industries's payout ratio is 105.88%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WGO. Roth Capital dropped their price objective on shares of Winnebago Industries from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, June 23rd. Benchmark reduced their price objective on Winnebago Industries from $48.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday, June 23rd. BMO Capital Markets decreased their price objective on Winnebago Industries from $48.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, June 26th. Citigroup lowered their target price on Winnebago Industries from $29.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, October 13th. Finally, Zacks Research raised Winnebago Industries from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 1st. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $35.67.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, CEO Michael Happe sold 12,045 shares of Winnebago Industries stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $32.68, for a total transaction of $393,630.60. Following the completion of the sale, the chief executive officer owned 349,349 shares of the company's stock, valued at approximately $11,416,725.32. The trade was a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret Woodson sold 2,414 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $32.66, for a total value of $78,841.24. Following the completion of the transaction, the senior vice president directly owned 31,274 shares in the company, valued at $1,021,408.84. The trade was a 7.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 15,694 shares of company stock worth $511,658 over the last 90 days. 4.88% of the stock is currently owned by company insiders.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other towable recreational vehicles sold under brands including Winnebago, Grand Design, Newmar and other affiliated names.

Through its marine businesses, Winnebago also manufactures recreational boats under brands such as Chris-Craft and Barletta. Its products are distributed primarily through independent dealers and serve consumers seeking travel, outdoor recreation and leisure-oriented transportation.

Founded in 1958 and based in Forest City, Iowa, the company has expanded from its original motorhome business into a broader recreational products organization.

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