Camping World (CWH) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS

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Camping World (NYSE:CWH) released 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. Camping World had a negative net margin of 0.30% and a positive return on equity of 211.54%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis.

Camping World stock traded down $0.78 during mid-day trading on Wednesday, hitting $18.22. 106,058 shares of the company were exchanged, compared to its average volume of 1,061,766. 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 capitalization of $1.67 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.72 and a beta of 1.91. Camping World has a 12-month low of $16.40 and a 12-month high of $47.62.

In related news, CEO Marcus Lemonis purchased 25,000 shares of the company’s stock in a transaction on Friday, September 14th. The stock was bought at an average price of $19.74 per share, with a total value of $493,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 49.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Third Point LLC purchased a new stake in shares of Camping World in the second quarter valued at $70,568,000. BlackRock Inc. grew its position in shares of Camping World by 11.5% in the second quarter. BlackRock Inc. now owns 2,137,450 shares of the company’s stock valued at $53,393,000 after purchasing an additional 220,247 shares during the period. Wasatch Advisors Inc. purchased a new stake in shares of Camping World in the second quarter valued at $49,535,000. American Century Companies Inc. grew its position in shares of Camping World by 26.4% in the third 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 period. Finally, Eagle Asset Management Inc. grew its position in shares of Camping World by 36.7% in the second quarter. Eagle Asset Management Inc. now owns 1,468,105 shares of the company’s stock valued at $36,673,000 after purchasing an additional 393,849 shares during the period. 54.41% of the stock is owned by institutional investors.

CWH has been the subject of several research analyst reports. Monness Crespi & Hardt dropped their price objective on Camping World from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday. Stephens reaffirmed a “buy” rating and issued a $37.00 price objective 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 report on Wednesday, August 8th. Zacks Investment Research raised Camping World from a “strong sell” rating to a “hold” rating in a research report on Monday, August 6th. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $28.00 price target (down previously from $33.00) on shares of Camping World in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $37.92.

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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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Earnings History for Camping World (NYSE:CWH)

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