Camping World (NYSE:CWH) issued its quarterly earnings data on Tuesday. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.13), Briefing.com reports. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Camping World had a positive return on equity of 211.54% and a negative net margin of 0.30%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS.
CWH stock traded down $0.81 on Wednesday, hitting $18.19. The company’s stock had a trading volume of 2,278,237 shares, compared to its average volume of 1,579,744. Camping World has a 1 year low of $16.40 and a 1 year high of $47.62. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.72 and a beta of 1.91. The company has a debt-to-equity ratio of 9.93, a current ratio of 1.43 and a quick ratio of 0.35.
Several analysts have recently weighed in on CWH shares. Stephens restated a “buy” rating and set a $37.00 price objective on shares of Camping World in a research report on Thursday, August 9th. BMO Capital Markets reduced their price objective on shares of Camping World from $42.00 to $36.00 and set a “positive” rating for the company in a research report on Tuesday, August 21st. Zacks Investment Research upgraded shares of Camping World from a “strong sell” rating to a “hold” rating in a research report on Monday, August 6th. Wells Fargo & Co restated an “outperform” rating and set a $28.00 price objective (down previously from $33.00) on shares of Camping World in a research report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Camping World from $42.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, August 15th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. Camping World has an average rating of “Buy” and an average target price of $37.92.
In other Camping World news, CEO Marcus Lemonis purchased 25,000 shares of Camping World 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 filing with the SEC, which is available through this hyperlink. 49.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. MML Investors Services LLC raised its position in Camping World by 88.4% in the 3rd quarter. MML Investors Services LLC now owns 23,571 shares of the company’s stock valued at $503,000 after purchasing an additional 11,062 shares during the last quarter. Wasatch Advisors Inc. raised its position in Camping World by 22.9% in the 3rd quarter. Wasatch Advisors Inc. now owns 2,438,092 shares of the company’s stock valued at $51,980,000 after purchasing an additional 455,092 shares during the last quarter. American Century Companies Inc. raised its position in Camping World by 26.4% in the 3rd quarter. American Century Companies Inc. now owns 1,523,588 shares of the company’s stock valued at $32,483,000 after purchasing an additional 317,970 shares during the last quarter. Wells Fargo & Company MN raised its position in Camping World by 91.9% in the 3rd quarter. Wells Fargo & Company MN now owns 219,777 shares of the company’s stock valued at $4,686,000 after purchasing an additional 105,234 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in Camping World by 16.0% in the 3rd quarter. Private Advisor Group LLC now owns 29,321 shares of the company’s stock valued at $625,000 after purchasing an additional 4,034 shares during the last quarter. Hedge funds and other institutional investors own 54.41% of the company’s stock.
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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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