Winnebago Industries Inc.’s stock price climbed $3.38 a share today (Oct. 3) after the company reported fourth fiscal quarter earnings that were much better than stock market analysts expected.
The $3.38 a share gain is equivalent to 15.5% and Winnebago’s stock closed today at basically the same price that it closed on Sept. 10, the day before the terrorist attacks that sent virtually all stock prices plummeting.
Winnebago shares closed at $25.23 in New York Stock Exchange trading today.
Winnebago reported today that it earned 52 cents a share during the three months ended Aug. 25, excluding a $4.5 million income tax benefit. Wall Street expected Winnebago to earn 37 cents a share during the June-through-August period.
Despite today’s gain, Winnebago stock remains well below its 52-week high of $30.75 established in July.
Two other major RV manufacturers, Thor and Monaco, also had a good day today. Thor stock climbed $1.30 a share to close at $28 and Monaco gained $1.15 a share to close at $16.
However, RV dealership chain Holiday RV Superstores saw its stock price head in the opposite direction. Its stock price fell $1.15 a share, or 35%, to close at $2.10, a new 52-week low.