Zacks: Analysts Anticipate Camping World Holdings Inc. (CWH) to Announce $0.68 Earnings Per Share
Equities research analysts forecast that Camping World Holdings Inc. (NYSE:CWH) will report $0.68 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Camping World Holdings’ earnings. The highest EPS estimate is $0.73 and the lowest is $0.62. The business is expected to announce its next earnings report on Thursday, August 3rd.
According to Zacks, analysts expect that Camping World Holdings will report full-year earnings of $1.81 per share for the current year, with EPS estimates ranging from $1.73 to $1.86. For the next year, analysts expect that the company will post earnings of $1.95 per share, with EPS estimates ranging from $1.86 to $2.03. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Camping World Holdings.
Camping World Holdings (NYSE:CWH) last issued its earnings results on Thursday, May 4th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. The business had revenue of $883.80 million for the quarter, compared to analyst estimates of $845.69 million. The company’s quarterly revenue was up 10.8% on a year-over-year basis.
CWH has been the topic of a number of recent research reports. ValuEngine raised shares of Camping World Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. Zacks Investment Research raised shares of Camping World Holdings from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Tuesday, May 16th. Goldman Sachs Group, Inc. (The) raised shares of Camping World Holdings from a “neutral” rating to a “buy” rating and raised their price target for the stock from $30.00 to $34.00 in a research report on Friday, June 9th. Bank of America Corporation reaffirmed a “buy” rating on shares of Camping World Holdings in a research report on Monday, June 12th. Finally, Forward View reaffirmed a “hold” rating on shares of Camping World Holdings in a research report on Wednesday, March 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.15.
Shares of Camping World Holdings (NYSE CWH) traded up 0.27% during mid-day trading on Friday, hitting $29.62. 303,777 shares of the stock traded hands. The company’s 50 day moving average is $28.95 and its 200 day moving average is $31.24. Camping World Holdings has a one year low of $20.45 and a one year high of $36.60. The firm’s market capitalization is $571.73 million.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were issued a $0.153 dividend. This represents a $0.61 annualized dividend and a yield of 2.07%. The ex-dividend date was Wednesday, June 14th.
In other Camping World Holdings news, CFO Thomas F. Wolfe sold 3,598 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $32.13, for a total value of $115,603.74. Following the transaction, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at approximately $80,325. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Crestview Partners Ii Gp, L.P. sold 5,500,000 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $27.75, for a total transaction of $152,625,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,470,582 shares of company stock worth $180,009,731. Insiders own 66.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Eagle Asset Management Inc. purchased a new position in Camping World Holdings during the first quarter valued at approximately $12,179,000. PNC Financial Services Group Inc. raised its position in Camping World Holdings by 29.5% in the first quarter. PNC Financial Services Group Inc. now owns 740,000 shares of the company’s stock valued at $23,856,000 after buying an additional 168,678 shares in the last quarter. State Street Corp purchased a new position in Camping World Holdings during the fourth quarter valued at approximately $5,133,000. Bank of America Corp DE raised its position in Camping World Holdings by 119.9% in the first quarter. Bank of America Corp DE now owns 246,254 shares of the company’s stock valued at $7,939,000 after buying an additional 134,285 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Camping World Holdings during the first quarter valued at approximately $4,084,000. 86.28% of the stock is currently owned by hedge funds and other institutional investors.
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Camping World Holdings Company Profile
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including 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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