KeyCorp Comments on Winnebago Industries, Inc.’s FY2020 Earnings (NYSE:WGO)

Winnebago Industries, Inc. (NYSE:WGO) – Investment analysts at KeyCorp raised their FY2020 earnings per share estimates for shares of Winnebago Industries in a research note issued to investors on Wednesday, June 24th. KeyCorp analyst B. Andress now anticipates that the construction company will post earnings of $1.95 per share for the year, up from their previous estimate of $1.70. KeyCorp has a “Overweight” rating and a $80.00 price objective on the stock.

A number of other brokerages also recently issued reports on WGO. Zacks Investment Research upgraded Winnebago Industries from a “sell” rating to a “hold” rating and set a $62.00 price target for the company in a research report on Saturday, May 30th. SunTrust Banks boosted their target price on Winnebago Industries from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Wolfe Research initiated coverage on Winnebago Industries in a research report on Friday, April 17th. They issued a “market perform” rating for the company. TheStreet downgraded Winnebago Industries from a “b” rating to a “c+” rating in a research report on Wednesday, June 24th. Finally, BMO Capital Markets boosted their target price on Winnebago Industries from $40.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Winnebago Industries currently has a consensus rating of “Buy” and an average target price of $65.67.

Shares of WGO opened at $66.68 on Monday. The company has a market cap of $2.20 billion, a PE ratio of 41.94 and a beta of 2.31. The company has a current ratio of 2.25, a quick ratio of 1.30 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average price of $60.72 and a 200-day moving average price of $49.85. Winnebago Industries has a 12-month low of $16.94 and a 12-month high of $72.65.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, June 24th. The construction company reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.15. The firm had revenue of $402.50 million during the quarter, compared to the consensus estimate of $335.93 million. Winnebago Industries had a return on equity of 9.35% and a net margin of 2.37%. The company’s revenue for the quarter was down 23.9% on a year-over-year basis. During the same quarter last year, the company posted $1.04 EPS.

Hedge funds have recently bought and sold shares of the business. USA Financial Portformulas Corp bought a new position in Winnebago Industries in the first quarter valued at about $27,000. FMR LLC lifted its holdings in Winnebago Industries by 4,480.8% in the fourth quarter. FMR LLC now owns 1,191 shares of the construction company’s stock valued at $63,000 after acquiring an additional 1,165 shares during the period. Mutual of America Capital Management LLC lifted its holdings in Winnebago Industries by 22.0% in the first quarter. Mutual of America Capital Management LLC now owns 1,477 shares of the construction company’s stock valued at $41,000 after acquiring an additional 266 shares during the period. Islay Capital Management LLC purchased a new stake in Winnebago Industries in the fourth quarter worth about $103,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Winnebago Industries by 25.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,116 shares of the construction company’s stock worth $59,000 after buying an additional 430 shares in the last quarter. 87.70% of the stock is currently owned by institutional investors.

In other news, Director Christopher J. Braun bought 2,000 shares of the stock in a transaction on Thursday, April 2nd. The shares were bought at an average price of $27.98 per share, with a total value of $55,960.00. Following the completion of the acquisition, the director now owns 17,684 shares in the company, valued at $494,798.32. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael J. Happe bought 3,000 shares of the stock in a transaction on Thursday, April 9th. The stock was purchased at an average cost of $37.53 per share, for a total transaction of $112,590.00. The disclosure for this purchase can be found here. Corporate insiders own 3.80% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Tuesday, June 16th. Winnebago Industries’s payout ratio is currently 12.79%.

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 in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.

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Earnings History and Estimates for Winnebago Industries (NYSE:WGO)

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