Revenue Update on Winnebago Industries(NYSE:WGO)

Winnebago Industries(NYSE:WGO) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Pre-Market on Mar 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.48.

In a different note, On Mar 10, 2017, BMO Capital said it Downgrades its rating on Winnebago Industries. According to the research note, BMO Capital Lowers the price target to $29 per share from a prior target of $40. The shares have been rated ‘Market Perform’ by the firm.

Winnebago Industries (WGO) made into the market gainers list on Fridays trading session with the shares advancing 0.50% or 0.15 points. Due to strong positive momentum, the stock ended at $29.9, which is also near the day’s high of $30.1. The stock began the session at $29.9 and the volume stood at 4,47,420 shares. The 52-week high of the shares is $39.3 and the 52 week low is $20.03. The company has a current market capitalization of $944 M and it has 3,15,86,125 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 29, 2016, William C. Fisher (director) purchased 1,000 shares at $31.30 per share price.

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.

Add Comment