Brokerages expect that Camping World Holdings Inc (NYSE:CWH) will report $1.46 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Camping World’s earnings, with the lowest sales estimate coming in at $1.42 billion and the highest estimate coming in at $1.49 billion. Camping World reported sales of $1.39 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5%. The business is expected to announce its next earnings report on Thursday, November 5th.
According to Zacks, analysts expect that Camping World will report full-year sales of $5.11 billion for the current year, with estimates ranging from $5.04 billion to $5.15 billion. For the next financial year, analysts anticipate that the firm will report sales of $5.34 billion, with estimates ranging from $5.26 billion to $5.43 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Camping World.
Camping World (NYSE:CWH) last released its earnings results on Wednesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $1.14. Camping World had a negative net margin of 0.19% and a negative return on equity of 102.93%.
A number of brokerages recently weighed in on CWH. BMO Capital Markets raised their target price on shares of Camping World from $13.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Monness Crespi & Hardt increased their price target on shares of Camping World from $33.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. increased their price target on shares of Camping World from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. TheStreet upgraded shares of Camping World from a “d” rating to a “c” rating in a research report on Thursday, August 6th. Finally, ValuEngine cut shares of Camping World from a “buy” rating to a “hold” rating in a research report on Thursday, May 21st. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Camping World has an average rating of “Hold” and a consensus target price of $28.90.
CWH traded down $0.44 on Thursday, reaching $30.47. The company had a trading volume of 3,016,600 shares, compared to its average volume of 3,512,595. The business has a 50 day simple moving average of $34.15 and a 200 day simple moving average of $20.18. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -78.13, a P/E/G ratio of 0.42 and a beta of 3.83. Camping World has a 52-week low of $3.40 and a 52-week high of $42.49.
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 represents a $0.36 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, September 11th. This is a positive change from Camping World’s previous quarterly dividend of $0.08. Camping World’s payout ratio is currently -49.23%.
In related news, CEO Marcus Lemonis purchased 3,105 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average price of $32.26 per share, with a total value of $100,167.30. Following the transaction, the chief executive officer now directly owns 537,726 shares in the company, valued at $17,347,040.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Abrams Capital Management, L.P sold 500,000 shares of Camping World stock in a transaction dated Thursday, July 16th. The stock was sold at an average price of $35.13, for a total value of $17,565,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders bought 77,520 shares of company stock valued at $2,207,930 and sold 6,512,073 shares valued at $226,191,418. 49.80% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of CWH. Russell Investments Group Ltd. purchased a new position in Camping World in the 2nd quarter worth approximately $26,000. Allworth Financial LP purchased a new position in Camping World in the 2nd quarter worth approximately $27,000. US Bancorp DE lifted its holdings in Camping World by 1,700.0% in the 2nd quarter. US Bancorp DE now owns 1,044 shares of the company’s stock worth $28,000 after purchasing an additional 986 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Camping World by 11.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,899 shares of the company’s stock worth $79,000 after purchasing an additional 309 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Camping World by 71.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,493 shares of the company’s stock worth $95,000 after purchasing an additional 1,452 shares in the last quarter. 39.26% of the stock is owned by institutional investors and hedge funds.
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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