FY2024 Earnings Estimate for Winnebago Industries, Inc. Issued By DA Davidson (NYSE:WGO)

Winnebago Industries, Inc. (NYSE:WGO) – DA Davidson decreased their FY2024 earnings per share (EPS) estimates for shares of Winnebago Industries in a report released 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 forecast of $5.75. DA Davidson has a “Neutral” rating and a $66.00 price objective 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.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, March 21st. The construction company reported $0.93 EPS for the quarter, topping the consensus estimate 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.

Several other analysts have also recently weighed in on the company. Roth Mkm reaffirmed a “neutral” rating and issued a $70.00 price target on shares of Winnebago Industries in a report on Thursday, March 21st. Truist Financial decreased their price objective 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 raised Winnebago Industries from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $71.80.

Winnebago Industries Stock Performance

NYSE:WGO opened at $72.27 on Thursday. The business’s 50-day moving average price is $67.77 and its two-hundred day moving average price is $65.54. Winnebago Industries has a twelve month low of $54.70 and a twelve month high of $75.42. The stock has a market cap of $2.12 billion, a P/E ratio of 21.64 and a beta of 1.71. The company has a quick ratio of 1.52, a current ratio of 2.84 and a debt-to-equity ratio of 0.52.

Institutional Trading of Winnebago Industries

A number of hedge funds have recently bought and sold shares of WGO. Schonfeld Strategic Advisors LLC bought a new position in shares of Winnebago Industries in the third quarter worth about $1,452,000. Pacer Advisors Inc. boosted its stake in shares of Winnebago Industries by 44.7% in the fourth quarter. Pacer Advisors Inc. now owns 675,242 shares of the construction company’s stock worth $49,212,000 after acquiring an additional 208,452 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of Winnebago Industries by 179.2% in the third quarter. Qube Research & Technologies Ltd now owns 81,466 shares of the construction company’s stock worth $4,843,000 after acquiring an additional 52,286 shares during the period. Nordea Investment Management AB boosted its stake in shares of Winnebago Industries by 33.7% in the third quarter. Nordea Investment Management AB now owns 173,402 shares of the construction company’s stock worth $10,493,000 after acquiring an additional 43,682 shares during the period. Finally, Quantbot Technologies LP lifted its position in shares of Winnebago Industries by 934.7% in the third quarter. Quantbot Technologies LP now owns 18,439 shares of the construction company’s stock worth $1,096,000 after buying an additional 16,657 shares in the last quarter.

Insider Buying and Selling at Winnebago Industries

In other news, SVP Christopher David West sold 13,564 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $69.08, for a total value of $937,001.12. Following the completion of the transaction, the senior vice president now owns 26,309 shares in the company, valued at $1,817,425.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.75% of the stock is owned by company 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 paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Tuesday, April 9th. Winnebago Industries’s payout ratio is 37.13%.

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.