Winnebago Industries, Inc. (NYSE:WGO) declared a quarterly dividend on Thursday, October 19th, RTT News reports. Stockholders of record on Wednesday, November 15th will be paid a dividend of 0.10 per share by the construction company on Wednesday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Tuesday, November 14th.
Winnebago Industries has a dividend payout ratio of 13.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Winnebago Industries to earn $3.27 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 12.2%.
Winnebago Industries (WGO) opened at $48.45 on Monday. Winnebago Industries has a one year low of $24.15 and a one year high of $49.90. The company has a current ratio of 1.88, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1,541.04, a PE ratio of 16.48 and a beta of 2.03.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Thursday, October 19th. The construction company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. Winnebago Industries had a net margin of 4.61% and a return on equity of 21.92%. The business had revenue of $454.90 million for the quarter, compared to analyst estimates of $444.50 million. During the same period in the previous year, the business posted $0.49 earnings per share. The business’s revenue was up 72.8% compared to the same quarter last year. research analysts predict that Winnebago Industries will post 2.88 EPS for the current year.
A number of analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of Winnebago Industries from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. BMO Capital Markets boosted their price objective on shares of Winnebago Industries to $51.00 and gave the stock a “market perform” rating in a report on Monday, October 23rd. SunTrust Banks, Inc. reissued a “hold” rating and set a $45.00 price objective on shares of Winnebago Industries in a report on Friday, October 20th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a report on Thursday, October 5th. Finally, Stifel Nicolaus downgraded shares of Winnebago Industries from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $40.00 to $44.00 in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $46.17.
Winnebago Industries announced that its board has approved a share repurchase program on Thursday, October 19th that authorizes the company to buyback $70.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
Winnebago Industries Company Profile
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
Receive News & Ratings for Winnebago Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.