Camping World (NYSE:CWH) Issues Earnings Results

Camping World (NYSE:CWHGet Rating) released its quarterly earnings results on Tuesday. The company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.18), MarketWatch Earnings reports. Camping World had a return on equity of 131.23% and a net margin of 4.03%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the company earned $1.40 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis.

Shares of CWH opened at $28.40 on Wednesday. Camping World has a fifty-two week low of $24.58 and a fifty-two week high of $49.20. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 4.74 and a beta of 2.82. The firm has a 50-day simple moving average of $28.65 and a 200-day simple moving average of $34.81. The company has a debt-to-equity ratio of 6.30, a quick ratio of 0.31 and a current ratio of 1.43.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 29th. Stockholders of record on Monday, March 14th were paid a dividend of $0.625 per share. This is an increase from Camping World’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, March 11th. This represents a $2.50 annualized dividend and a dividend yield of 8.80%. Camping World’s dividend payout ratio is 41.74%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley boosted its stake in shares of Camping World by 19.5% during the second quarter. Morgan Stanley now owns 714,550 shares of the company’s stock worth $29,289,000 after buying an additional 116,612 shares during the period. Geode Capital Management LLC boosted its stake in shares of Camping World by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 684,672 shares of the company’s stock worth $27,660,000 after buying an additional 8,263 shares during the period. Bank of New York Mellon Corp lifted its position in Camping World by 4.6% in the third quarter. Bank of New York Mellon Corp now owns 281,048 shares of the company’s stock valued at $10,924,000 after purchasing an additional 12,418 shares during the period. Norges Bank acquired a new stake in Camping World in the fourth quarter valued at about $8,145,000. Finally, Wells Fargo & Company MN lifted its position in Camping World by 8.8% in the fourth quarter. Wells Fargo & Company MN now owns 187,152 shares of the company’s stock valued at $7,561,000 after purchasing an additional 15,124 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

A number of research analysts have commented on the company. BMO Capital Markets cut Camping World from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 23rd. JPMorgan Chase & Co. cut their price objective on Camping World from $66.00 to $58.00 in a research report on Thursday, February 24th. Raymond James cut their price objective on Camping World from $54.00 to $45.00 and set an “outperform” rating on the stock in a research report on Thursday, February 24th. Zacks Investment Research raised Camping World from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, DA Davidson started coverage on Camping World in a research report on Wednesday, April 13th. They set a “neutral” rating and a $29.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $48.50.

About Camping World (Get Rating)

Camping World Holdings, Inc, through its subsidiaries, retails recreational vehicles (RVs), and related products and services. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.

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Earnings History for Camping World (NYSE:CWH)

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