Camping World (NYSE:CWH) released its earnings results on Thursday. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04), Briefing.com reports. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. Camping World had a negative return on equity of 9.12% and a negative net margin of 0.37%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share.
Shares of NYSE:CWH traded up $0.84 on Friday, reaching $10.61. 1,660,589 shares of the company traded hands, compared to its average volume of 874,812. Camping World has a fifty-two week low of $7.12 and a fifty-two week high of $19.57. The company’s 50 day moving average is $9.07 and its 200-day moving average is $10.51. The stock has a market capitalization of $856.14 million, a PE ratio of 9.47 and a beta of 3.13. The company has a debt-to-equity ratio of 79.52, a current ratio of 1.35 and a quick ratio of 0.26.
In related news, major shareholder Abrams Capital Management, L.P acquired 17,526 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was bought at an average price of $7.48 per share, for a total transaction of $131,094.48. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Melvin Flanigan acquired 36,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were bought at an average price of $8.25 per share, with a total value of $297,000.00. Following the transaction, the chief financial officer now directly owns 98,500 shares in the company, valued at approximately $812,625. The disclosure for this purchase can be found here. Insiders have bought a total of 1,087,330 shares of company stock valued at $8,529,783 in the last quarter. Insiders own 49.40% of the company’s stock.
CWH has been the subject of a number of research analyst reports. Bank of America cut their target price on Camping World from $10.00 to $7.00 and set an “underperform” rating for the company in a research report on Wednesday, September 4th. Robert W. Baird downgraded Camping World from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $12.00 in a research report on Friday, July 26th. Northcoast Research downgraded Camping World from a “buy” rating to a “neutral” rating in a research report on Thursday, August 15th. ValuEngine upgraded Camping World from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. downgraded Camping World from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $19.00 to $11.00 in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $13.14.
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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