Camping World (NYSE:CWH) Issues Earnings Results

Camping World (NYSE:CWH) announced its quarterly earnings data on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business earned $0.49 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year.

Shares of CWH stock traded up $0.84 on Friday, reaching $10.61. The company’s stock had a trading volume of 1,660,589 shares, compared to its average volume of 874,812. The stock’s fifty day simple moving average is $9.07 and its 200-day simple moving average is $10.51. Camping World has a 1 year low of $7.12 and a 1 year high of $19.57. The company has a current ratio of 1.35, a quick ratio of 0.26 and a debt-to-equity ratio of 79.52. The company has a market capitalization of $856.14 million, a price-to-earnings ratio of 9.47 and a beta of 3.13.

A number of equities research analysts have issued reports on CWH shares. JPMorgan Chase & Co. lowered shares of Camping World from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $19.00 to $11.00 in a report on Thursday, August 8th. ValuEngine raised shares of Camping World from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. BMO Capital Markets cut their target price on shares of Camping World from $11.00 to $9.00 and set a “market perform” rating for the company in a report on Friday, August 9th. Robert W. Baird lowered shares of Camping World from an “outperform” rating to a “neutral” rating and cut their target price for the company from $18.00 to $12.00 in a report on Friday, July 26th. Finally, Monness Crespi & Hardt reissued a “buy” rating and issued a $14.00 target price (down from $19.00) on shares of Camping World in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $13.14.

In related news, major shareholder Abrams Capital Management, L.P purchased 585,200 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was bought at an average cost of $7.93 per share, for a total transaction of $4,640,636.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andris A. Baltins purchased 20,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $9.02 per share, with a total value of $180,400.00. Following the completion of the transaction, the director now owns 44,204 shares of the company’s stock, valued at $398,720.08. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 1,087,330 shares of company stock valued at $8,529,783. 49.40% of the stock is currently owned by insiders.

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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Earnings History for Camping World (NYSE:CWH)

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