Q2 2020 Earnings Forecast for Sportsman’s Warehouse Holdings Inc (SPWH) Issued By Piper Jaffray Companies

Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) – Analysts at Piper Jaffray Companies decreased their Q2 2020 earnings estimates for Sportsman’s Warehouse in a research note issued to investors on Wednesday, November 28th. Piper Jaffray Companies analyst P. Keith now forecasts that the company will earn $0.20 per share for the quarter, down from their previous estimate of $0.21. Piper Jaffray Companies also issued estimates for Sportsman’s Warehouse’s Q4 2020 earnings at $0.26 EPS.

SPWH has been the subject of a number of other research reports. ValuEngine upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Ifs Securities restated an “outperform” rating on shares of Sportsman’s Warehouse in a research note on Monday, November 26th. Credit Suisse Group boosted their price target on shares of Sportsman’s Warehouse from $6.00 to $7.50 and gave the company an “outperform” rating in a research note on Friday, August 24th. DA Davidson set a $7.00 price target on shares of Sportsman’s Warehouse and gave the company a “buy” rating in a research note on Wednesday, August 15th. Finally, Zacks Investment Research lowered shares of Sportsman’s Warehouse from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $6.81.

Shares of SPWH stock opened at $4.50 on Monday. The firm has a market cap of $193.22 million, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 0.74 and a beta of -0.26. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.09 and a quick ratio of 0.06. Sportsman’s Warehouse has a 12 month low of $3.66 and a 12 month high of $6.99.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings results on Wednesday, November 28th. The company reported $0.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.26. The business had revenue of $223.10 million during the quarter, compared to analyst estimates of $224.80 million. Sportsman’s Warehouse had a net margin of 2.24% and a return on equity of 46.61%. Sportsman’s Warehouse’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 EPS.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio bought a new stake in shares of Sportsman’s Warehouse in the 3rd quarter worth $463,000. Towle & Co. grew its stake in shares of Sportsman’s Warehouse by 0.7% in the 3rd quarter. Towle & Co. now owns 4,121,972 shares of the company’s stock worth $24,114,000 after acquiring an additional 28,560 shares in the last quarter. Quantum Capital Management grew its stake in shares of Sportsman’s Warehouse by 44.4% in the 3rd quarter. Quantum Capital Management now owns 540,014 shares of the company’s stock worth $3,159,000 after acquiring an additional 166,139 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Sportsman’s Warehouse in the 3rd quarter worth $108,000. Finally, BlackRock Inc. grew its stake in shares of Sportsman’s Warehouse by 13.5% in the 2nd quarter. BlackRock Inc. now owns 2,888,343 shares of the company’s stock worth $14,788,000 after acquiring an additional 343,379 shares in the last quarter. Hedge funds and other institutional investors own 81.02% of the company’s stock.

Sportsman’s Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

Further Reading: Hedge Funds

Earnings History and Estimates for Sportsman`s Warehouse (NASDAQ:SPWH)

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