Zacks: Brokerages Anticipate Camping World Holdings Inc (CWH) Will Post Earnings of $0.23 Per Share

Wall Street brokerages forecast that Camping World Holdings Inc (NYSE:CWH) will announce earnings per share (EPS) of $0.23 for the current quarter, Zacks reports. Five analysts have made estimates for Camping World’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.26. Camping World reported earnings of $0.14 per share during the same quarter last year, which would indicate a positive year over year growth rate of 64.3%. The firm is expected to announce its next earnings results on Wednesday, March 14th.

According to Zacks, analysts expect that Camping World will report full-year earnings of $2.29 per share for the current year, with EPS estimates ranging from $2.25 to $2.31. For the next fiscal year, analysts anticipate that the company will post earnings of $2.51 per share, with EPS estimates ranging from $2.23 to $3.14. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Camping World.

Camping World (NYSE:CWH) last announced its earnings results on Thursday, November 9th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.11. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.20 billion. Camping World had a net margin of 1.20% and a return on equity of 116.85%. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share.

Several research firms recently weighed in on CWH. Forward View restated a “buy” rating and set a $45.00 price target on shares of Camping World in a research report on Monday, November 13th. Wells Fargo & Co restated an “outperform” rating and set a $48.00 price target (up previously from $37.00) on shares of Camping World in a research report on Tuesday, November 7th. They noted that the move was a valuation call. ValuEngine lowered shares of Camping World from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Credit Suisse Group restated an “outperform” rating and set a $45.00 price target (up previously from $43.00) on shares of Camping World in a research report on Tuesday, October 31st. Finally, BMO Capital Markets restated an “outperform” rating and set a $53.00 price target (up previously from $40.00) on shares of Camping World in a research report on Monday, October 30th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Camping World presently has an average rating of “Buy” and an average target price of $46.25.

Shares of Camping World (NYSE CWH) remained flat at $$45.20 during mid-day trading on Monday. 292,830 shares of the stock traded hands, compared to its average volume of 509,049. The company has a market cap of $3,950.00 and a PE ratio of 23.42. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.29 and a quick ratio of 0.29. Camping World has a 12-month low of $26.30 and a 12-month high of $47.62.

In other news, CEO Marcus Lemonis sold 100,695 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $40.50, for a total value of $4,078,147.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brent L. Moody sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $45.47, for a total transaction of $4,547,000.00. Following the completion of the transaction, the insider now owns 193,494 shares of the company’s stock, valued at $8,798,172.18. The disclosure for this sale can be found here. Insiders have sold 1,097,354 shares of company stock valued at $45,117,007 in the last quarter. Company insiders own 66.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CWH. Legal & General Group Plc boosted its position in shares of Camping World by 6.7% in the second quarter. Legal & General Group Plc now owns 3,353 shares of the company’s stock valued at $103,000 after acquiring an additional 211 shares during the period. Sawgrass Asset Management LLC purchased a new stake in Camping World in the third quarter valued at approximately $203,000. Scotia Capital Inc. purchased a new stake in Camping World in the second quarter valued at approximately $273,000. Invictus RG purchased a new stake in Camping World in the third quarter valued at approximately $302,000. Finally, Capco Asset Management LLC purchased a new stake in Camping World in the third quarter valued at approximately $306,000. Institutional investors own 33.98% of the company’s stock.

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Camping World Company Profile

Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.

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