Winnebago Industries (NYSE:WGO) Releases Quarterly Earnings Results, Misses Estimates By $0.61 EPS

Winnebago Industries (NYSE:WGO - Get Free Report) issued its earnings results on Wednesday. The construction company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.61), Briefing.com reports. The company had revenue of $720.90 million for the quarter, compared to the consensus estimate of $718.72 million. Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. Winnebago Industries's revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 EPS. Winnebago Industries updated its FY25 guidance to $3.00-$4.50 EPS and its FY 2025 guidance to 3.000-4.500 EPS.

Winnebago Industries Trading Up 0.8 %

Shares of WGO stock traded up $0.43 during trading hours on Thursday, reaching $52.21. 1,190,831 shares of the stock were exchanged, compared to its average volume of 570,693. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 20.17 and a beta of 1.61. Winnebago Industries has a 12-month low of $49.68 and a 12-month high of $75.42. The company's 50-day moving average price is $57.92 and its 200-day moving average price is $58.78. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48.

Winnebago Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a $0.34 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $1.36 annualized dividend and a dividend yield of 2.60%. This is an increase from Winnebago Industries's previous quarterly dividend of $0.31. Winnebago Industries's dividend payout ratio is currently 52.51%.

Analyst Ratings Changes

Several research firms have commented on WGO. StockNews.com downgraded shares of Winnebago Industries from a "hold" rating to a "sell" rating in a report on Friday, October 18th. Truist Financial cut their price target on Winnebago Industries from $68.00 to $64.00 and set a "buy" rating for the company in a report on Thursday. BMO Capital Markets reduced their price objective on Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating on the stock in a research note on Thursday. Benchmark cut their target price on shares of Winnebago Industries from $75.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Robert W. Baird decreased their price target on shares of Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $67.14.

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.

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