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Winnebago (WGO) Rides on Towable Segment's Robust Growth
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On Dec 27, we issued an updated research report on Winnebago Industries, Inc. (WGO - Free Report) .
On Dec 20, Winnebago reported adjusted earnings per share of 57 cents for first-quarter fiscal 2018 (ended Nov 25, 2017), beating the Zacks Consensus Estimate of 50 cents. Quarterly revenues soared 83.5% year over year to $450 million. The top line also surpassed the consensus mark of $384.3 million.
The company’s towable segment has been witnessing high-growth rates on increased sales volume, a favorable product mix and the inclusion of Grand Design RV within the segment. In fiscal 2017, the segment returned 44.3% to net revenues in comparison to the 9.2% contribution in fiscal 2016. Further, Winnebago expects continued growth in this segment on the back of strong retail sales.
Moreover, the acquisition of Grand Design in October 2016 has transformed the company’s product offering, enabling it to augment its market share and profitability.
Also, in order to boost shareholders’ confidence in Winnebago, its management frequently undertakes share repurchase programs and pays regular dividends. At the beginning of the month, the company announced a quarterly dividend of 10 cents to be paid on Jan 24, 2018 to stockholders of record as of Jan 10, 2018.
The stock has seen the Zacks Consensus Estimate for annual earnings being revised 6.6% upward over the last 60 days.
Price Performance
Shares of Winnebago have plunged 79.5% year to date, substantially outperforming the 56.5% surge of the industry it belongs to.
BMW has an expected long-term growth rate of 4.2%. In the last 30 days, shares of the company have gained 2.9%.
BorgWarner has an expected long-term growth rate of 8.6%. Shares of the company have rallied 25.1% over the last six months.
Honda has an expected long-term growth rate of 3.8%. Over a month, shares of the company have risen 3.4%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Winnebago (WGO) Rides on Towable Segment's Robust Growth
On Dec 27, we issued an updated research report on Winnebago Industries, Inc. (WGO - Free Report) .
On Dec 20, Winnebago reported adjusted earnings per share of 57 cents for first-quarter fiscal 2018 (ended Nov 25, 2017), beating the Zacks Consensus Estimate of 50 cents. Quarterly revenues soared 83.5% year over year to $450 million. The top line also surpassed the consensus mark of $384.3 million.
The company’s towable segment has been witnessing high-growth rates on increased sales volume, a favorable product mix and the inclusion of Grand Design RV within the segment. In fiscal 2017, the segment returned 44.3% to net revenues in comparison to the 9.2% contribution in fiscal 2016. Further, Winnebago expects continued growth in this segment on the back of strong retail sales.
Winnebago Industries, Inc. Price and Consensus
Winnebago Industries, Inc. Price and Consensus | Winnebago Industries, Inc. Quote
Moreover, the acquisition of Grand Design in October 2016 has transformed the company’s product offering, enabling it to augment its market share and profitability.
Also, in order to boost shareholders’ confidence in Winnebago, its management frequently undertakes share repurchase programs and pays regular dividends. At the beginning of the month, the company announced a quarterly dividend of 10 cents to be paid on Jan 24, 2018 to stockholders of record as of Jan 10, 2018.
The stock has seen the Zacks Consensus Estimate for annual earnings being revised 6.6% upward over the last 60 days.
Price Performance
Shares of Winnebago have plunged 79.5% year to date, substantially outperforming the 56.5% surge of the industry it belongs to.
Zacks Rank & Other Key Picks
Winnebago sports a Zacks Rank #1 (Strong Buy). Other top-ranked stocks in the auto space include BMW AG (BAMXF - Free Report) , BorgWarner, Inc. (BWA - Free Report) and Honda Motor Company (HMC - Free Report) , all carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BMW has an expected long-term growth rate of 4.2%. In the last 30 days, shares of the company have gained 2.9%.
BorgWarner has an expected long-term growth rate of 8.6%. Shares of the company have rallied 25.1% over the last six months.
Honda has an expected long-term growth rate of 3.8%. Over a month, shares of the company have risen 3.4%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>