Winnebago Industries (NYSE:WGO) Issues Earnings Results

Winnebago Industries (NYSE:WGO) released its quarterly earnings data on Wednesday. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.61), Briefing.com reports. Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The business had revenue of $720.90 million for the quarter, compared to analyst estimates of $718.72 million. During the same quarter in the previous year, the company posted $1.59 EPS. The business’s quarterly revenue was down 6.5% on a year-over-year basis. 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 Stock Performance

Shares of NYSE:WGO traded up $1.29 during midday trading on Friday, reaching $53.52. The company had a trading volume of 1,092,862 shares, compared to its average volume of 573,216. Winnebago Industries has a 52-week low of $49.68 and a 52-week high of $75.42. The company’s 50 day moving average price is $57.81 and its 200 day moving average price is $58.73. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.55 billion, a P/E ratio of 20.66 and a beta of 1.61.

Winnebago Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.54%. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, September 11th. Winnebago Industries’s payout ratio is presently 52.51%.

Wall Street Analyst Weigh In

WGO has been the subject of a number of recent research reports. Truist Financial decreased their price objective on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a report on Thursday. Citigroup upped their price target on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, July 12th. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Friday, October 18th. Benchmark reduced their target price on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Robert W. Baird dropped 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 report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.