DA Davidson Analysts Decrease Earnings Estimates for Winnebago Industries, Inc. (NYSE:WGO)

Winnebago Industries, Inc. (NYSE:WGO) – Stock analysts at DA Davidson decreased their FY2024 EPS estimates for shares of Winnebago Industries in a research report issued to clients and investors on Monday, June 24th. DA Davidson analyst B. Rolle now expects that the construction company will post earnings of $4.15 per share for the year, down from their previous forecast of $4.75. 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 $4.37 per share.

Several other brokerages have also recently weighed in on WGO. StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Robert W. Baird lowered their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, June 21st. Truist Financial lowered their price target on shares of Winnebago Industries from $76.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, June 21st. BMO Capital Markets reduced their price objective on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, June 21st. Finally, Roth Mkm reduced their price objective on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Winnebago Industries currently has a consensus rating of “Moderate Buy” and an average price target of $68.50.

Winnebago Industries Price Performance

Shares of WGO opened at $53.47 on Thursday. The company has a 50 day moving average price of $60.12 and a 200-day moving average price of $65.68. Winnebago Industries has a fifty-two week low of $51.02 and a fifty-two week high of $75.42. The stock has a market capitalization of $1.55 billion, a PE ratio of 20.64 and a beta of 1.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 2.45.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.17). Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The company had revenue of $786.00 million during the quarter, compared to analysts’ expectations of $798.26 million. During the same period last year, the firm earned $2.13 earnings per share. Winnebago Industries’s quarterly revenue was down 12.7% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. UBS Group AG increased its stake in shares of Winnebago Industries by 3,893.2% in the third quarter. UBS Group AG now owns 45,083 shares of the construction company’s stock worth $2,680,000 after acquiring an additional 43,954 shares during the period. Deutsche Bank AG increased its stake in shares of Winnebago Industries by 8.0% in the third quarter. Deutsche Bank AG now owns 21,899 shares of the construction company’s stock worth $1,302,000 after acquiring an additional 1,631 shares during the period. Rhumbline Advisers boosted its holdings in Winnebago Industries by 0.6% during the third quarter. Rhumbline Advisers now owns 104,434 shares of the construction company’s stock worth $6,209,000 after buying an additional 619 shares in the last quarter. Invesco Ltd. boosted its holdings in Winnebago Industries by 4.4% during the third quarter. Invesco Ltd. now owns 269,904 shares of the construction company’s stock worth $16,046,000 after buying an additional 11,393 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in Winnebago Industries by 470.7% during the third quarter. Stifel Financial Corp now owns 69,972 shares of the construction company’s stock worth $4,161,000 after buying an additional 57,711 shares in the last quarter.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.32%. Winnebago Industries’s payout ratio is 47.88%.

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.