Wall Street brokerages expect that Camping World Holdings Inc (NYSE:CWH) will report earnings of $0.71 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Camping World’s earnings. The highest EPS estimate is $1.09 and the lowest is $0.26. Camping World posted earnings per share of $0.14 during the same quarter last year, which would suggest a positive year over year growth rate of 407.1%. The company is expected to issue its next quarterly earnings report on Thursday, November 5th.
According to Zacks, analysts expect that Camping World will report full-year earnings of $2.42 per share for the current fiscal year, with EPS estimates ranging from $1.72 to $3.05. For the next year, analysts expect that the firm will post earnings of $1.87 per share, with EPS estimates ranging from $0.67 to $3.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Camping World.
Camping World (NYSE:CWH) last posted its earnings results on Wednesday, August 5th. The company reported $1.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $1.14. Camping World had a negative return on equity of 102.93% and a negative net margin of 0.19%.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Camping World from a “buy” rating to a “hold” rating in a report on Tuesday, August 18th. TheStreet raised Camping World from a “d” rating to a “c” rating in a report on Thursday, August 6th. ValuEngine cut Camping World from a “buy” rating to a “hold” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their target price on Camping World from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Finally, Truist began coverage on Camping World in a research note on Thursday. They issued a “buy” rating and a $38.00 target price for the company. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Camping World has a consensus rating of “Hold” and a consensus price target of $28.90.
CWH stock traded down $0.44 during midday trading on Tuesday, reaching $30.47. 3,016,600 shares of the company’s stock traded hands, compared to its average volume of 3,512,595. The company has a 50-day simple moving average of $34.15 and a two-hundred day simple moving average of $20.18. Camping World has a 1-year low of $3.40 and a 1-year high of $42.49. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -78.13, a PEG ratio of 0.42 and a beta of 3.83.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, September 14th will be given a $0.09 dividend. This is a positive change from Camping World’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, September 11th. Camping World’s dividend payout ratio (DPR) is currently -49.23%.
In other news, major shareholder Abrams Capital Management, L.P sold 500,000 shares of the firm’s stock in a transaction on Thursday, July 16th. The stock was sold at an average price of $35.13, for a total value of $17,565,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Marcus Lemonis bought 3,105 shares of Camping World stock in a transaction on Wednesday, September 2nd. The shares were acquired at an average price of $32.26 per share, for a total transaction of $100,167.30. Following the completion of the acquisition, the chief executive officer now owns 537,726 shares of the company’s stock, valued at approximately $17,347,040.76. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 77,520 shares of company stock worth $2,207,930 and sold 6,512,073 shares worth $226,191,418. 49.80% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of CWH. Meeder Asset Management Inc. bought a new position in Camping World during the first quarter worth about $26,000. Russell Investments Group Ltd. bought a new position in Camping World during the second quarter worth about $26,000. Allworth Financial LP bought a new position in Camping World during the second quarter worth about $27,000. US Bancorp DE lifted its holdings in Camping World by 1,700.0% during the second quarter. US Bancorp DE now owns 1,044 shares of the company’s stock worth $28,000 after acquiring an additional 986 shares in the last quarter. Finally, Bluestein R H & Co. bought a new position in Camping World during the first quarter worth about $57,000. Hedge funds and other institutional investors own 39.26% of the company’s stock.
Camping World Company Profile
Camping World Holdings, Inc, through its subsidiaries, operates as an outdoor and camping retailer. The company operates through three segments: Consumer Services and Plans, Dealership, and Retail. It provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts.
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