Wall Street analysts expect Camping World Holdings Inc (NYSE:CWH) to announce $1.47 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Camping World’s earnings, with estimates ranging from $1.37 billion to $1.52 billion. Camping World reported sales of $1.45 billion during the same quarter last year, which indicates a positive year over year growth rate of 1.4%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, August 6th.
On average, analysts expect that Camping World will report full-year sales of $4.93 billion for the current fiscal year, with estimates ranging from $4.72 billion to $5.09 billion. For the next financial year, analysts forecast that the business will report sales of $5.30 billion, with estimates ranging from $5.02 billion to $5.83 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for Camping World.
Camping World (NYSE:CWH) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.38). The company had revenue of $982.39 million during the quarter, compared to analysts’ expectations of $973.80 million. Camping World had a positive return on equity of 66.03% and a negative net margin of 0.16%.
A number of brokerages recently issued reports on CWH. Monness Crespi & Hardt restated a “buy” rating and issued a $19.00 price objective (down from $24.00) on shares of Camping World in a research note on Monday, March 4th. BMO Capital Markets lowered their price objective on Camping World from $36.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Credit Suisse Group cut Camping World from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $41.80 to $18.50 in a research note on Friday, March 1st. Goldman Sachs Group cut Camping World from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $28.00 to $15.00 in a research note on Tuesday, March 19th. Finally, Zacks Investment Research upgraded Camping World from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.86.
Shares of NYSE:CWH opened at $11.52 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.25 and a debt-to-equity ratio of 36.20. The stock has a market capitalization of $1.06 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.59 and a beta of 2.70. Camping World has a fifty-two week low of $11.01 and a fifty-two week high of $27.17.
In related news, major shareholder Abrams Capital Management, L.P purchased 29,904 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were purchased at an average cost of $11.94 per share, for a total transaction of $357,053.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marcus Lemonis purchased 99,094 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were bought at an average price of $13.27 per share, for a total transaction of $1,314,977.38. The disclosure for this purchase can be found here. Insiders purchased a total of 599,094 shares of company stock worth $7,962,929 over the last 90 days. 49.40% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Private Management Group Inc. increased its position in shares of Camping World by 3.8% during the first quarter. Private Management Group Inc. now owns 827,571 shares of the company’s stock valued at $11,512,000 after buying an additional 30,112 shares during the period. Abrams Capital Management L.P. increased its position in shares of Camping World by 2.2% in the first quarter. Abrams Capital Management L.P. now owns 3,945,362 shares of the company’s stock worth $54,880,000 after purchasing an additional 86,554 shares during the last quarter. MML Investors Services LLC increased its position in shares of Camping World by 19.5% in the first quarter. MML Investors Services LLC now owns 31,057 shares of the company’s stock worth $432,000 after purchasing an additional 5,072 shares during the last quarter. Factorial Partners LLC bought a new position in shares of Camping World in the first quarter worth approximately $362,000. Finally, Swiss National Bank increased its position in shares of Camping World by 3.2% in the first quarter. Swiss National Bank now owns 60,800 shares of the company’s stock worth $846,000 after purchasing an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 41.48% 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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