Camping World (NYSE:CWH) announced its quarterly earnings results on Thursday. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.04), Briefing.com reports. Camping World had a negative net margin of 0.37% and a negative return on equity of 9.12%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. Camping World’s revenue for the quarter was up 6.0% on a year-over-year basis.
CWH stock traded up $0.84 during trading on Friday, hitting $10.61. The stock had a trading volume of 1,660,589 shares, compared to its average volume of 874,812. The company has a debt-to-equity ratio of 79.52, a current ratio of 1.35 and a quick ratio of 0.26. Camping World has a twelve month low of $7.12 and a twelve month high of $19.57. The stock has a market capitalization of $856.14 million, a P/E ratio of 9.47 and a beta of 3.13. The company’s 50-day moving average price is $9.07 and its two-hundred day moving average price is $10.51.
In other news, Director Andris A. Baltins acquired 20,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of $9.02 per share, for a total transaction of $180,400.00. Following the acquisition, the director now owns 44,204 shares in the company, valued at approximately $398,720.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Abrams Capital Management, L.P acquired 585,200 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was purchased at an average price of $7.93 per share, for a total transaction of $4,640,636.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,087,330 shares of company stock worth $8,529,783. 49.40% of the stock is currently owned by insiders.
CWH has been the subject of several recent analyst reports. Northcoast Research lowered Camping World from a “buy” rating to a “neutral” rating in a research note on Thursday, August 15th. Robert W. Baird lowered Camping World from an “outperform” rating to a “neutral” rating and cut their price target for the company from $18.00 to $12.00 in a research note on Friday, July 26th. Zacks Investment Research upgraded Camping World from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lowered Camping World from an “overweight” rating to a “neutral” rating and cut their price target for the company from $19.00 to $11.00 in a research note on Thursday, August 8th. Finally, ValuEngine upgraded Camping World from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. One investment 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’s stock. The stock currently has an average 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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