Camping World (NYSE:CWH) posted its earnings results on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04), Briefing.com reports. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. Camping World had a negative return on equity of 9.12% and a negative net margin of 0.37%. Camping World’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS.
CWH traded up $0.84 on Friday, hitting $10.61. 1,660,589 shares of the company were exchanged, compared to its average volume of 874,812. Camping World has a twelve month low of $7.12 and a twelve month high of $19.57. The company has a market cap of $856.14 million, a price-to-earnings ratio of 9.47 and a beta of 3.13. The company has a current ratio of 1.35, a quick ratio of 0.26 and a debt-to-equity ratio of 79.52. The firm has a 50-day moving average price of $9.07 and a two-hundred day moving average price of $10.51.
In related news, major shareholder Abrams Capital Management, L.P bought 17,526 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average cost of $7.48 per share, with a total value of $131,094.48. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andris A. Baltins bought 20,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of $9.02 per share, with a total value of $180,400.00. Following the completion of the purchase, the director now directly owns 44,204 shares in the company, valued at $398,720.08. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,087,330 shares of company stock valued at $8,529,783 over the last three months. 49.40% of the stock is currently owned by insiders.
CWH has been the subject of a number of research reports. Zacks Investment Research raised Camping World from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $14.00 price objective (down from $19.00) on shares of Camping World in a research note on Thursday, August 8th. Northcoast Research cut Camping World from a “buy” rating to a “neutral” rating in a research note on Thursday, August 15th. Bank of America dropped their price objective on Camping World from $10.00 to $7.00 and set an “underperform” rating for the company in a research note on Wednesday, September 4th. Finally, Robert W. Baird cut Camping World from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $18.00 to $12.00 in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. Camping World currently has an average rating of “Hold” and an average price target of $13.14.
About Camping World
Camping World Holdings, Inc, through its subsidiaries, operates as an outdoor and camping retailer. The company operates through three segments: Consumer Services and Plans, Dealership, and Retail. It provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts.
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