Zacks: Analysts Anticipate Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) Will Post Earnings of $0.27 Per Share

Brokerages forecast that Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) will post earnings of $0.27 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Sportsman’s Warehouse’s earnings, with estimates ranging from $0.24 to $0.30. Sportsman’s Warehouse reported earnings of $0.13 per share during the same quarter last year, which suggests a positive year over year growth rate of 107.7%. The business is expected to report its next quarterly earnings report on Wednesday, August 26th.

According to Zacks, analysts expect that Sportsman’s Warehouse will report full year earnings of $0.81 per share for the current fiscal year, with EPS estimates ranging from $0.70 to $0.92. For the next fiscal year, analysts forecast that the firm will post earnings of $0.85 per share, with EPS estimates ranging from $0.70 to $1.00. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Sportsman’s Warehouse.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its earnings results on Thursday, June 4th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. The firm had revenue of $246.84 million during the quarter, compared to the consensus estimate of $224.71 million. Sportsman’s Warehouse had a return on equity of 25.53% and a net margin of 2.56%. The company’s revenue was up 41.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.12) EPS.

Several analysts recently weighed in on SPWH shares. Piper Sandler upped their price objective on Sportsman’s Warehouse from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 23rd. Credit Suisse Group upped their price objective on Sportsman’s Warehouse from $8.00 to $13.50 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Craig Hallum upped their price objective on Sportsman’s Warehouse from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Lake Street Capital upped their price objective on Sportsman’s Warehouse from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, BidaskClub downgraded Sportsman’s Warehouse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $12.69.

Shares of NASDAQ:SPWH traded up $0.42 during trading on Thursday, reaching $14.57. 11,335 shares of the company traded hands, compared to its average volume of 808,590. The company’s 50 day moving average is $12.77 and its two-hundred day moving average is $8.21. The firm has a market capitalization of $625.82 million, a PE ratio of 25.71 and a beta of 0.75. The company has a quick ratio of 0.13, a current ratio of 1.09 and a debt-to-equity ratio of 2.15. Sportsman’s Warehouse has a 52 week low of $3.50 and a 52 week high of $14.98.

In related news, Director Martha Helena Bejar sold 7,320 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $13.53, for a total transaction of $99,039.60. Following the completion of the sale, the director now owns 22,472 shares of the company’s stock, valued at approximately $304,046.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gregory P. Hickey sold 25,114 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $12.41, for a total transaction of $311,664.74. Following the completion of the transaction, the director now directly owns 54,177 shares in the company, valued at $672,336.57. The disclosure for this sale can be found here. 2.14% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE acquired a new stake in shares of Sportsman’s Warehouse in the first quarter valued at about $25,000. Bank of Montreal Can increased its holdings in Sportsman’s Warehouse by 44.0% during the 4th quarter. Bank of Montreal Can now owns 5,359 shares of the company’s stock valued at $43,000 after acquiring an additional 1,637 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Sportsman’s Warehouse by 21.3% during the first quarter. BNP Paribas Arbitrage SA now owns 13,153 shares of the company’s stock worth $81,000 after buying an additional 2,307 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Sportsman’s Warehouse by 105.0% during the fourth quarter. Meeder Asset Management Inc. now owns 10,378 shares of the company’s stock worth $83,000 after buying an additional 5,315 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Sportsman’s Warehouse during the first quarter worth about $93,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Sportsman’s Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

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Earnings History and Estimates for Sportsman`s Warehouse (NASDAQ:SPWH)

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