Camping World (NYSE:CWH) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Camping World (NYSE:CWH) announced its quarterly earnings data on Thursday. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.04), Briefing.com reports. Camping World had a negative net margin of 0.37% and a negative return on equity of 9.12%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year.

CWH traded up $0.84 during midday trading on Friday, hitting $10.61. 1,660,589 shares of the company traded hands, compared to its average volume of 874,812. The company has a quick ratio of 0.26, a current ratio of 1.35 and a debt-to-equity ratio of 79.52. The firm has a market capitalization of $856.14 million, a PE ratio of 9.47 and a beta of 3.13. The company’s 50-day moving average is $9.07 and its 200 day moving average is $10.51. Camping World has a 52 week low of $7.12 and a 52 week high of $19.57.

CWH has been the topic of several recent analyst reports. Monness Crespi & Hardt reissued a “buy” rating and set a $14.00 price objective (down from $19.00) on shares of Camping World in a research report on Thursday, August 8th. Northcoast Research downgraded shares of Camping World from a “buy” rating to a “neutral” rating in a research report on Thursday, August 15th. Bank of America cut their price objective on shares of Camping World from $10.00 to $7.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 4th. ValuEngine raised shares of Camping World from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. downgraded shares of Camping World from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $19.00 to $11.00 in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.14.

In related news, Director Andris A. Baltins bought 20,000 shares of the stock in a transaction on Monday, August 12th. The shares were acquired at an average price of $9.02 per share, for a total transaction of $180,400.00. Following the purchase, the director now owns 44,204 shares of the company’s stock, valued at $398,720.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Melvin Flanigan bought 36,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $8.25 per share, for a total transaction of $297,000.00. Following the purchase, the chief financial officer now directly owns 98,500 shares in the company, valued at approximately $812,625. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,087,330 shares of company stock worth $8,529,783 in the last 90 days. Company insiders own 49.40% of the company’s stock.

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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Earnings History for Camping World (NYSE:CWH)

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