Winnebago Industries (WGO) Releases Earnings Results, Beats Expectations By $0.08 EPS

Winnebago Industries (WGO) reported quarterly earnings results on Wednesday, Jun-22-2016. The company said it had a profit of $0.53 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.45. The company posted revenue of $272.10 million in the period, compared to analysts expectations of $270.46 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Winnebago Industries. Winnebago Industries was Initiated by Sidoti to “Neutral” on May 3, 2016.

Winnebago Industries opened for trading at $20.8 and hit $21.66 on the upside on Monday, eventually ending the session at $21.3, with a gain of 3.15% or 0.65 points. The heightened volatility saw the trading volume jump to 2,35,105 shares. Company has a market cap of $573 M.

Winnebago Industries Inc. is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company sells its products through independent dealers primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago Itasca and Era brands names. Other products manufactured by the Company consisted primarily of original equipment manufacturing (OEM) parts including extruded aluminum and other component products for other manufacturers commercial vehicles and commercial transit buses. The Company Operates through three major product categories including Motorhomes Towable RVs Other manufactured products.

Winnebago Industries

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