Winnebago Industries (NYSE:WGO) Posts Quarterly Earnings Results

Winnebago Industries (NYSE:WGO) issued its quarterly earnings data on Thursday. The construction company reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.17), Briefing.com reports. Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The firm had revenue of $786.00 million for the quarter, compared to analysts’ expectations of $798.26 million. During the same quarter in the previous year, the business earned $2.13 EPS. The company’s revenue for the quarter was down 12.7% on a year-over-year basis.

Winnebago Industries Trading Down 1.3 %

Shares of WGO opened at $53.97 on Friday. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 20.84 and a beta of 1.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.52. Winnebago Industries has a 1-year low of $53.13 and a 1-year high of $75.42. The company has a 50-day moving average of $60.83 and a 200 day moving average of $66.14.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, June 12th. Winnebago Industries’s dividend payout ratio is presently 47.88%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WGO shares. StockNews.com upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. BMO Capital Markets decreased their price target on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday. Truist Financial dropped their price objective on shares of Winnebago Industries from $76.00 to $68.00 and set a “buy” rating for the company in a research note on Friday. DA Davidson lifted their price target on Winnebago Industries from $64.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 26th. Finally, Robert W. Baird dropped their target price on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.50.

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.