Winnebago Industries (NYSE:WGO) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Winnebago Industries (NYSE:WGO - Get Free Report) issued its quarterly earnings results on Wednesday. The construction company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.02, Zacks reports. The firm had revenue of $775.10 million during the quarter, compared to analyst estimates of $808.15 million. Winnebago Industries had a positive return on equity of 3.73% and a negative net margin of 0.21%. The company's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 earnings per share. Winnebago Industries updated its FY 2025 guidance to 1.200-1.700 EPS.

Winnebago Industries Price Performance

Shares of WGO stock opened at $31.27 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 2.17. Winnebago Industries has a fifty-two week low of $28.29 and a fifty-two week high of $65.65. The firm has a market cap of $876.24 million, a P/E ratio of -125.08 and a beta of 1.07. The business's 50 day moving average price is $33.19 and its 200-day moving average price is $39.49.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Wednesday, June 11th. Winnebago Industries's dividend payout ratio (DPR) is currently -544.00%.

Insider Activity at Winnebago Industries

In related news, Director Kevin E. Bryant purchased 4,200 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the acquisition, the director now directly owns 13,755 shares in the company, valued at approximately $469,320.60. The trade was a 43.96% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.63% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of Winnebago Industries by 5.5% in the 1st quarter. Royal Bank of Canada now owns 9,568 shares of the construction company's stock worth $329,000 after purchasing an additional 498 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Winnebago Industries by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the construction company's stock valued at $568,000 after buying an additional 401 shares during the period. Finally, AQR Capital Management LLC raised its stake in Winnebago Industries by 283.0% in the first quarter. AQR Capital Management LLC now owns 65,104 shares of the construction company's stock worth $2,243,000 after buying an additional 48,105 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WGO. KeyCorp lowered their price objective on shares of Winnebago Industries from $40.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, June 6th. Citigroup boosted their target price on Winnebago Industries from $36.00 to $37.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Wall Street Zen lowered Winnebago Industries from a "hold" rating to a "sell" rating in a research report on Saturday. DA Davidson raised Winnebago Industries to a "hold" rating in a research note on Monday, April 14th. Finally, Truist Financial boosted their price objective on Winnebago Industries from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Winnebago Industries presently has an average rating of "Moderate Buy" and a consensus target price of $48.88.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.