Equities research analysts predict that Camping World Holdings Inc (NYSE:CWH) will announce $1.42 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Camping World’s earnings. The highest sales estimate is $1.48 billion and the lowest is $1.38 billion. Camping World posted sales of $1.24 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 14.5%. The business is expected to report its next quarterly earnings results on Thursday, November 8th.
On average, analysts expect that Camping World will report full year sales of $4.98 billion for the current fiscal year, with estimates ranging from $4.89 billion to $5.09 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.60 billion, with estimates ranging from $5.27 billion to $5.99 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Camping World.
Camping World (NYSE:CWH) last released its earnings results on Tuesday, August 7th. The company reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.10). Camping World had a negative net margin of 0.30% and a positive return on equity of 211.54%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion.
Several research analysts have recently issued reports on the company. BMO Capital Markets cut their price target on Camping World from $42.00 to $36.00 and set a “positive” rating for the company in a research note on Tuesday, August 21st. Stephens reaffirmed a “buy” rating and set a $37.00 price target on shares of Camping World in a research note on Thursday, August 9th. Northcoast Research set a $28.00 price target on Camping World and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research raised Camping World from a “strong sell” rating to a “hold” rating in a research note on Monday, August 6th. Finally, ValuEngine raised Camping World from a “sell” rating to a “hold” rating in a research note on Friday, July 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. Camping World currently has a consensus rating of “Buy” and an average price target of $39.58.
Camping World stock traded up $0.50 during midday trading on Tuesday, reaching $21.35. The company’s stock had a trading volume of 37,959 shares, compared to its average volume of 1,598,456. Camping World has a fifty-two week low of $18.16 and a fifty-two week high of $47.62. The company has a debt-to-equity ratio of 9.93, a quick ratio of 0.35 and a current ratio of 1.43. The company has a market cap of $1.96 billion, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 0.84 and a beta of 1.50.
The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Thursday, September 13th. Camping World’s dividend payout ratio (DPR) is presently 13.97%.
In related news, CEO Marcus Lemonis acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was purchased at an average price of $19.74 per share, for a total transaction of $493,500.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 49.20% of the company’s stock.
A number of institutional investors have recently bought and sold shares of CWH. Schwab Charles Investment Management Inc. increased its position in Camping World by 4.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 155,833 shares of the company’s stock worth $5,026,000 after purchasing an additional 6,504 shares in the last quarter. Northern Trust Corp increased its position in Camping World by 8.4% during the 1st quarter. Northern Trust Corp now owns 379,248 shares of the company’s stock worth $12,231,000 after purchasing an additional 29,376 shares in the last quarter. BlackRock Inc. increased its position in Camping World by 1.7% during the 1st quarter. BlackRock Inc. now owns 1,917,203 shares of the company’s stock worth $61,830,000 after purchasing an additional 31,594 shares in the last quarter. New York State Common Retirement Fund increased its position in Camping World by 20.6% during the 1st quarter. New York State Common Retirement Fund now owns 35,100 shares of the company’s stock worth $1,132,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in Camping World during the 1st quarter worth about $1,279,000. Hedge funds and other institutional investors own 54.86% of the company’s stock.
About Camping World
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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