Winnebago Industries (NYSE:WGO) Releases Earnings Results, Meets Expectations

Winnebago Industries (NYSE:WGO - Get Free Report) issued its quarterly earnings results on Thursday. The construction company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19, Zacks reports. The company had revenue of $620.20 million during the quarter, compared to analysts' expectations of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business's quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter 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 Down 1.5 %

Shares of WGO traded down $0.51 during trading hours on Monday, reaching $34.24. The stock had a trading volume of 251,302 shares, compared to its average volume of 673,245. The company has a market capitalization of $972.28 million, a price-to-earnings ratio of -51.98 and a beta of 1.70. The firm has a 50-day simple moving average of $41.45 and a 200 day simple moving average of $50.57. 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 12 month low of $33.58 and a 12 month high of $74.00.

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Wednesday, April 16th. Winnebago Industries's payout ratio is -206.06%.

Remove Ads

Insiders Place Their Bets

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the sale, the director now directly owns 10,985 shares of the company's stock, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.63% of the company's stock.

Analysts Set New Price Targets

WGO has been the topic of a number of recent analyst reports. DA Davidson dropped their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 24th. StockNews.com upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a report on Tuesday, March 25th. Benchmark reiterated a "buy" rating and set a $70.00 price target on shares of Winnebago Industries in a report on Monday, December 23rd. Truist Financial dropped their price objective on Winnebago Industries from $58.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Citigroup decreased their target price on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Winnebago Industries currently has a consensus rating of "Moderate Buy" and an average price target of $58.00.

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.