Winnebago Industries (NYSE:WGO – Get Free Report) released its quarterly earnings results on Thursday. The RV manufacturer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.14), FiscalAI reports. The firm had revenue of $698.70 million for the quarter, compared to analysts’ expectations of $755.67 million. Winnebago Industries had a net margin of 1.36% and a return on equity of 4.65%. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS. Winnebago Industries updated its FY 2026 guidance to 1.650-2.000 EPS.
Here are the key takeaways from Winnebago Industries’ conference call:
- Winnebago posted weaker third-quarter results, with consolidated net revenue down 9.9% year over year to $698.7 million and adjusted EPS down to $0.66 from $0.81. Management said demand softened as the quarter progressed, especially late in March and through the spring selling season.
- Management cut full-year guidance to revenue of $2.65 billion-$2.75 billion and adjusted EPS of $1.65-$2.00, citing affordability pressure, tougher competition, more promotions in towables, and broader macro/geopolitical uncertainty.
- Motorhome RV is improving, with retail share gains over the trailing 3-, 6-, and 12-month periods and segment operating income swinging to $9.6 million from a loss last year. Management credited new products, better execution, and the turnaround at Winnebago Motorhome, Grand Design Motorized, and Newmar.
- Barletta continues to outperform in marine, reaching 9.3% trailing-12-month retail share despite softer overall boat demand. The company highlighted the new Sanza model as a more accessible entry point that broadens the brand without weakening its premium positioning.
- Cost, pricing, and capacity actions remain a major focus, including selective price increases for 2027 model-year products, supply-chain cost savings, and planned footprint/capacity reductions in both RV segments. Management said these steps are aimed at protecting margins, improving cash flow, and aligning production with dealer turns in a weak retail environment.
Winnebago Industries Trading Up 1.1%
Shares of WGO opened at $31.23 on Friday. Winnebago Industries has a 12-month low of $26.80 and a 12-month high of $50.16. The firm has a market capitalization of $883.01 million, a P/E ratio of 22.97 and a beta of 1.12. The firm has a 50-day moving average price of $30.10 and a 200 day moving average price of $36.83. The company has a current ratio of 2.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36.
Winnebago Industries Dividend Announcement
Analyst Ratings Changes
WGO has been the topic of a number of recent analyst reports. Citigroup cut Winnebago Industries from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $46.00 to $30.00 in a research note on Wednesday, May 27th. Truist Financial reduced their price target on shares of Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Northcoast Research downgraded shares of Winnebago Industries from a “buy” rating to a “neutral” rating in a report on Monday, June 1st. Weiss Ratings lowered shares of Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, Griffin Securities set a $35.00 target price on shares of Winnebago Industries in a research note on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Winnebago Industries presently has an average rating of “Hold” and an average target price of $37.22.
Get Our Latest Stock Report on Winnebago Industries
More Winnebago Industries News
Here are the key news stories impacting Winnebago Industries this week:
- Positive Sentiment: BMO Capital Markets lowered its price target on Winnebago Industries but kept an outperform rating, implying upside from recent levels and reinforcing the view that the stock may have recovery potential. Benzinga article
- Positive Sentiment: Investors are responding to relative resilience in motorhome sales and profitability, which helped offset weakness in other areas of the business. TipRanks article
- Neutral Sentiment: Some analysts say WGO’s low valuation and dividend yield make it an interesting contrarian idea, but the investment case remains dependent on a demand recovery. Zacks article
- Neutral Sentiment: The company continues to face mixed trends, with motorhome strength offset by weaker towable RV and marine demand, leaving the 2026 outlook cautious. Zacks article
- Negative Sentiment: Winnebago missed third-quarter earnings and revenue estimates and cut fiscal 2026 guidance, citing softer demand, affordability pressure and macro uncertainty. Zacks article
- Negative Sentiment: The weak quarterly results included lower revenue and profit versus last year, reinforcing concerns that consumer demand for RVs remains under pressure. Zacks article
Hedge Funds Weigh In On Winnebago Industries
Several large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Winnebago Industries by 90.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock valued at $26,000 after acquiring an additional 364 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Winnebago Industries by 15.9% during the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock worth $75,000 after purchasing an additional 309 shares during the last quarter. State of Wyoming lifted its position in shares of Winnebago Industries by 151.4% during the second quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock worth $99,000 after purchasing an additional 2,051 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Winnebago Industries during the second quarter valued at $100,000. Finally, Aster Capital Management DIFC Ltd boosted its stake in shares of Winnebago Industries by 3,661.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,558 shares of the RV manufacturer’s stock valued at $104,000 after purchasing an additional 2,490 shares during the period.
About Winnebago Industries
Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.
In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.
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