Winnebago Industries (NYSE:WGO) Posts Quarterly Earnings Results, Hits Estimates

Winnebago Industries (NYSE:WGO) released its earnings results on Thursday. The construction company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19, Zacks reports. The firm had revenue of $620.20 million during the quarter, compared to the consensus estimate of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 earnings per share. Winnebago Industries updated its FY25 guidance to $2.75-$3.75 EPS and its FY 2025 guidance to 2.750-3.750 EPS.

Winnebago Industries Stock Performance

NYSE:WGO opened at $34.74 on Friday. The firm has a market capitalization of $986.60 million, a PE ratio of -52.64 and a beta of 1.70. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. Winnebago Industries has a 1 year low of $33.62 and a 1 year high of $74.00. The firm’s fifty day simple moving average is $41.45 and its 200 day simple moving average is $50.63.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries’s payout ratio is -206.06%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Citigroup lowered their target price on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. DA Davidson decreased their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. Truist Financial dropped their target price on shares of Winnebago Industries from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday. Benchmark reiterated a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. Finally, KeyCorp dropped their price target on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Winnebago Industries currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Insider Buying and Selling at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.63% of the company’s stock.

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.