Brokerages forecast that Camping World Holdings Inc (NYSE:CWH) will post earnings of $0.15 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Camping World’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.23. Camping World posted earnings of $0.41 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 63.4%. The firm is scheduled to report its next earnings report on Tuesday, May 14th.
According to Zacks, analysts expect that Camping World will report full year earnings of $1.76 per share for the current year, with EPS estimates ranging from $1.69 to $1.91. For the next year, analysts forecast that the firm will report earnings of $2.10 per share, with EPS estimates ranging from $1.90 to $2.29. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Camping World.
Camping World (NYSE:CWH) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.38). Camping World had a return on equity of 135.20% and a net margin of 0.31%. The firm had revenue of $982.39 million during the quarter, compared to the consensus estimate of $973.80 million.
A number of brokerages recently issued reports on CWH. Jefferies Financial Group began coverage on Camping World in a report on Thursday, March 28th. They issued a “hold” rating and a $15.00 target price on the stock. Bank of America began coverage on Camping World in a report on Tuesday, March 26th. They issued a “neutral” rating and a $15.00 target price on the stock. Zacks Investment Research upgraded Camping World from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 12th. Robert W. Baird restated an “outperform” rating on shares of Camping World in a report on Tuesday, March 19th. Finally, Goldman Sachs Group cut Camping World from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $28.00 to $15.00 in a report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $23.42.
In other Camping World news, CEO Marcus Lemonis purchased 99,094 shares of the stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $13.27 per share, for a total transaction of $1,314,977.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Abrams Capital Management, L.P purchased 29,904 shares of the stock in a transaction dated Friday, March 8th. The shares were acquired at an average price of $11.94 per share, for a total transaction of $357,053.76. The disclosure for this purchase can be found here. Insiders have bought 185,648 shares of company stock worth $2,406,215 in the last quarter. 49.20% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Pearl River Capital LLC purchased a new position in Camping World in the fourth quarter valued at about $42,000. Tower Research Capital LLC TRC grew its stake in Camping World by 156,866.7% in the third quarter. Tower Research Capital LLC TRC now owns 4,709 shares of the company’s stock valued at $100,000 after purchasing an additional 4,706 shares in the last quarter. Hodges Capital Management Inc. purchased a new position in Camping World in the fourth quarter valued at about $115,000. Camelot Portfolios LLC purchased a new position in Camping World in the fourth quarter valued at about $115,000. Finally, Metropolitan Life Insurance Co. NY grew its stake in Camping World by 358.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,283 shares of the company’s stock valued at $118,000 after purchasing an additional 8,039 shares in the last quarter. Institutional investors and hedge funds own 41.70% of the company’s stock.
Shares of NYSE CWH opened at $14.51 on Wednesday. The company has a debt-to-equity ratio of 36.20, a quick ratio of 0.25 and a current ratio of 1.45. The firm has a market capitalization of $1.28 billion, a P/E ratio of 12.96, a P/E/G ratio of 0.72 and a beta of 2.71. Camping World has a 52-week low of $11.01 and a 52-week high of $30.09.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.21%. Camping World’s dividend payout ratio is 28.57%.
Camping World Company Profile
Camping World Holdings, Inc, through its subsidiaries, provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts. The company operates through Consumer Services and Plans, and Retail segments. It provides 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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