Wall Street brokerages forecast that Camping World Holdings Inc (NYSE:CWH) will post earnings per share (EPS) of ($0.05) for the current quarter, Zacks reports. Four analysts have provided estimates for Camping World’s earnings, with estimates ranging from ($0.17) to $0.01. Camping World reported earnings per share of ($0.26) during the same quarter last year, which would indicate a positive year over year growth rate of 80.8%. The firm is scheduled to report its next quarterly earnings results on Thursday, March 5th.
According to Zacks, analysts expect that Camping World will report full year earnings of $0.09 per share for the current financial year, with EPS estimates ranging from ($0.01) to $0.25. For the next financial year, analysts forecast that the company will report earnings of $0.86 per share, with EPS estimates ranging from $0.50 to $1.23. Zacks’ EPS averages are an average based on a survey of research analysts that cover Camping World.
Camping World (NYSE:CWH) last issued its earnings results on Thursday, November 7th. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.04). The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.32 billion. Camping World had a negative return on equity of 9.12% and a negative net margin of 0.37%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 earnings per share.
Several equities research analysts recently commented on CWH shares. Northcoast Research downgraded shares of Camping World from a “buy” rating to a “neutral” rating in a research report on Thursday, August 15th. Bank of America reduced their price target on shares of Camping World from $10.00 to $7.00 and set an “underperform” rating for the company in a research report on Wednesday, September 4th. ValuEngine upgraded shares of Camping World from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of Camping World from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, Robert W. Baird downgraded shares of Camping World from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $18.00 to $12.00 in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $13.14.
NYSE:CWH traded up $0.84 during trading hours on Friday, reaching $10.61. 1,660,945 shares of the company’s stock were exchanged, compared to its average volume of 874,812. The company has a market capitalization of $856.14 million, a P/E ratio of 9.47 and a beta of 3.13. Camping World has a 12 month low of $7.12 and a 12 month high of $19.57. The company has a quick ratio of 0.26, a current ratio of 1.35 and a debt-to-equity ratio of 79.52. The business’s 50-day simple moving average is $9.03 and its two-hundred day simple moving average is $10.53.
In related news, CFO Melvin Flanigan bought 36,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was bought at an average price of $8.25 per share, for a total transaction of $297,000.00. Following the transaction, the chief financial officer now directly owns 98,500 shares in the company, valued at $812,625. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Abrams Capital Management, L.P bought 47,682 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was bought at an average price of $7.92 per share, with a total value of $377,641.44. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,087,330 shares of company stock valued at $8,529,783. Insiders own 49.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. raised its holdings in shares of Camping World by 12.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,286 shares of the company’s stock valued at $145,000 after purchasing an additional 1,786 shares in the last quarter. CSat Investment Advisory L.P. bought a new position in shares of Camping World during the 2nd quarter valued at $26,000. Tower Research Capital LLC TRC raised its holdings in shares of Camping World by 305.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,905 shares of the company’s stock valued at $26,000 after purchasing an additional 2,188 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Camping World by 9.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 26,197 shares of the company’s stock valued at $325,000 after purchasing an additional 2,270 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Camping World by 0.6% during the 2nd quarter. Northern Trust Corp now owns 408,299 shares of the company’s stock valued at $5,071,000 after purchasing an additional 2,301 shares in the last quarter. Institutional investors own 40.67% 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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