Today, Q2 2017 Earnings Forecast for Winnebago Industries Inc. (WGO) Issued By SunTrust Banks

Today, Q2 2017 Earnings Forecast for Winnebago Industries Inc. (WGO) Issued By SunTrust Banks

Winnebago Industries Inc. (NYSE:WGO) – Stock analysts at SunTrust Banks raised their Q2 2017 earnings per share estimates for Winnebago Industries in a report released on Thursday. SunTrust Banks analyst M. Swartz now forecasts that the brokerage will post earnings per share of $0.47 for the quarter, up from their previous forecast of $0.39. SunTrust Banks also issued estimates for Winnebago Industries’ Q3 2017 earnings at $0.65 EPS.

WGO has been the subject of several other reports. BMO Capital Markets increased their target price on Winnebago Industries from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Tuesday, October 4th. Robert W. Baird upgraded Winnebago Industries from a “neutral” rating to an “outperform” rating and increased their target price for the company from $25.00 to $30.00 in a report on Monday, October 3rd. Finally, Zacks Investment Research cut Winnebago Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $29.33.

Winnebago Industries (NYSE:WGO) opened at 28.60 on Monday. The stock has a market cap of $769.14 million, a PE ratio of 17.55 and a beta of 2.11. The company’s 50 day moving average price is $24.88 and its 200 day moving average price is $22.87. Winnebago Industries has a 12 month low of $15.41 and a 12 month high of $30.60.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, October 13th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. The company had revenue of $263.30 million for the quarter, compared to analysts’ expectations of $252.52 million. Winnebago Industries had a return on equity of 17.86% and a net margin of 4.67%. Winnebago Industries’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Fund Advisors raised its position in shares of Winnebago Industries by 2.9% in the second quarter. BlackRock Fund Advisors now owns 1,781,173 shares of the company’s stock valued at $40,824,000 after buying an additional 49,703 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Winnebago Industries by 13.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,399,492 shares of the company’s stock valued at $32,076,000 after buying an additional 163,197 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Winnebago Industries by 1.3% in the second quarter. Vanguard Group Inc. now owns 1,243,102 shares of the company’s stock valued at $28,492,000 after buying an additional 16,137 shares in the last quarter. Thomson Horstmann & Bryant Inc. raised its position in shares of Winnebago Industries by 34.3% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 485,707 shares of the company’s stock valued at $11,132,000 after buying an additional 123,957 shares in the last quarter. Finally, Numeric Investors LLC raised its position in shares of Winnebago Industries by 135.4% in the second quarter. Numeric Investors LLC now owns 340,144 shares of the company’s stock valued at $7,796,000 after buying an additional 195,644 shares in the last quarter. 91.47% of the stock is owned by hedge funds and other institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Monday, November 7th. Winnebago Industries’s payout ratio is 23.67%.

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