Winnebago Industries, Inc. Forecasted to Earn FY2024 Earnings of $5.20 Per Share (NYSE:WGO)

Winnebago Industries, Inc. (NYSE:WGO - Free Report) - Equities research analysts at DA Davidson reduced their FY2024 EPS estimates for Winnebago Industries in a research note issued to investors on Tuesday, March 26th. DA Davidson analyst B. Rolle now anticipates that the construction company will post earnings per share of $5.20 for the year, down from their previous estimate of $5.75. 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 $5.36 per share. DA Davidson also issued estimates for Winnebago Industries' FY2025 earnings at $6.60 EPS.

WGO has been the subject of a number of other reports. Roth Mkm reissued a "neutral" rating and issued a $70.00 price objective on shares of Winnebago Industries in a research note on Thursday, March 21st. Truist Financial lowered their price target on Winnebago Industries from $74.00 to $70.00 and set a "buy" rating on the stock in a report on Wednesday, December 20th. Finally, StockNews.com upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Tuesday, March 19th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $71.80.

Winnebago Industries Stock Performance

NYSE WGO traded up $1.77 on Thursday, hitting $74.00. 597,649 shares of the company traded hands, compared to its average volume of 607,546. Winnebago Industries has a 52-week low of $54.70 and a 52-week high of $75.42. The company has a current ratio of 2.84, a quick ratio of 1.52 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 22.02 and a beta of 1.71. The business's 50 day moving average price is $67.77 and its 200-day moving average price is $65.54.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings results on Thursday, March 21st. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. Winnebago Industries had a return on equity of 14.15% and a net margin of 3.70%. The business had revenue of $703.60 million during the quarter, compared to the consensus estimate of $692.63 million.

Institutional Trading of Winnebago Industries

Institutional investors have recently bought and sold shares of the business. State of Wyoming acquired a new stake in shares of Winnebago Industries in the fourth quarter valued at about $26,000. GAMMA Investing LLC purchased a new stake in Winnebago Industries in the 4th quarter valued at about $30,000. Advisors Asset Management Inc. boosted its stake in Winnebago Industries by 71.8% during the first quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company's stock worth $34,000 after buying an additional 260 shares during the period. Principal Securities Inc. acquired a new position in shares of Winnebago Industries in the 4th quarter worth approximately $39,000. Finally, Harbour Investments Inc. grew its stake in shares of Winnebago Industries by 164.5% in the fourth quarter. Harbour Investments Inc. now owns 529 shares of the construction company's stock valued at $39,000 after buying an additional 329 shares in the last quarter.

Insider Activity at Winnebago Industries

In related news, SVP Christopher David West sold 13,564 shares of the business's stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $69.08, for a total transaction of $937,001.12. Following the completion of the transaction, the senior vice president now owns 26,309 shares in the company, valued at approximately $1,817,425.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.75% of the stock is currently owned by insiders.

Winnebago Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.24 dividend on an annualized basis and a yield of 1.68%. Winnebago Industries's dividend payout ratio (DPR) is presently 37.13%.

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.