The Forest City, Iowa based Winnebago Industries, Inc’s (NYSE:WGO) reported more than triple boost in its fiscal third-quarter, partially due to higher prices on its recreational automobiles.
Winnebago Industries posted that its net income moved up to $3.9 million or 13 cents a share for the quarter finished May 26. That’s high sharply from $1.2 million or 4 cents a share in the previous year.
The financial results of the company beat 12 cents a share forecasts of FactSet analysts.
The company reported that revenue moved up 15% to $155.7 million from $135.6 million because of higher prices and a boost in wholesale deliveries of towable products.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Thor Industries, Inc. (NYSE:THO) plunged -1.41% to settle at $27.95, Drew Industries, Inc. (NYSE:DW) moved up +1.36% to end at $27.57 while Skyline Corporation (NYSE:SKY) plunged -3.87% to finish on Friday at $4.22.
Winnebago Industries, Inc (NYSE:WGO) last session volume of 463,886.00 shares was surprisingly higher than its average volume of 331,488.00 shares. The stock after opening at $9.29 hit high price of $9.44 and then closed at $9.43 by scoring +2.28%.
The liquidity measure in recent quarter results of the company was recorded 3.08 as current ratio and on the other side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 0.00. The Company had total cash at hand $81.08 million and a book value per share as $3.92 in the most recent quarter.
The stock price volatility was 3.33% for a week and 4.00% for a month as well as price volatility’s Average True Range for 14 days was 0.35 and its beta remained 2.42.
WGO generated revenue of 549.69 million in the following twelve months and earned $7.61 million. The Company showed a positive 1.38% in the net profit margin and as well as in its operating margin which remained 0.87%. Company’s annual sales growth for the past five year was -10.50%.
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