Camping World (NYSE:CWH) Stock Breaks Below 50 Day Moving Average After Earnings Miss

Camping World (NYSE:CWH – Get Free Report)’s share price passed below its 50-day moving average during trading on Tuesday following a dissappointing earnings announcement. The stock has a 50-day moving average of $5.32 and traded as low as $4.71. Camping World shares last traded at $4.7450, with a volume of 5,031,560 shares.

The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.33). Camping World had a negative net margin of 4.20% and a negative return on equity of 17.74%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the company posted $0.43 EPS. Camping World’s quarterly revenue was down 12.5% compared to the same quarter last year.

Camping World News Roundup

Here are the key news stories impacting Camping World this week:

Analyst Ratings Changes

CWH has been the subject of a number of recent research reports. Northcoast Research set a $11.00 price objective on shares of Camping World in a research note on Monday, October 19th. KeyCorp cut their price objective on shares of Camping World from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. Zacks Research cut shares of Camping World from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Robert W. Baird set a $7.00 target price on shares of Camping World in a report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of Camping World from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $10.48.

View Our Latest Analysis on Camping World

Hedge Funds Weigh In On Camping World

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP raised its position in Camping World by 777.1% during the second quarter. Allworth Financial LP now owns 3,219 shares of the company’s stock valued at $25,000 after purchasing an additional 2,852 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Camping World during the second quarter worth about $28,000. Essential Partners LLC bought a new stake in Camping World during the first quarter worth about $69,000. Axxcess Wealth Management LLC purchased a new position in shares of Camping World in the 3rd quarter worth about $63,000. Finally, Vise Technologies Inc. purchased a new position in shares of Camping World in the 3rd quarter worth about $81,000. 52.54% of the stock is currently owned by institutional investors.

Camping World Price Performance

The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 3.77. The stock has a market capitalization of $490.11 million, a PE ratio of -1.19 and a beta of 2.21. The business has a fifty day moving average price of $5.32 and a 200-day moving average price of $7.36.

Camping World Company Profile

(Get Free Report)

Camping World Holdings, Inc is a recreational vehicle retailer and service provider operating under the Camping World brand. The company sells new and used motorized and towable recreational vehicles, including motorhomes, travel trailers and fifth-wheel trailers, serving consumers across the United States.

In addition to vehicle sales, Camping World provides related products and services through its dealership network. These offerings include RV parts and accessories, maintenance and repair services, vehicle financing and insurance products, and other ownership-related services.

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