Camping World Holdings Inc. (CWH) Plans $0.08 Quarterly Dividend
Camping World Holdings Inc. (NYSE:CWH) declared a quarterly dividend on Friday, September 1st, Wall Street Journal reports. Investors of record on Friday, September 15th will be given a dividend of 0.08 per share on Friday, September 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, September 14th.
Camping World Holdings has decreased its dividend payment by an average of 56.9% per year over the last three years. Camping World Holdings has a dividend payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Camping World Holdings to earn $2.27 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 14.1%.
Shares of Camping World Holdings (CWH) traded up 2.80% during trading on Friday, hitting $37.78. The company’s stock had a trading volume of 553,952 shares. Camping World Holdings has a one year low of $20.45 and a one year high of $37.92. The company has a 50-day moving average price of $33.52 and a 200-day moving average price of $31.51. The stock’s market cap is $1.11 billion.
Camping World Holdings (NYSE:CWH) last posted its earnings results on Thursday, August 10th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.15. Camping World Holdings had a net margin of 2.51% and a negative return on equity of 319.74%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business posted $0.65 EPS. Camping World Holdings’s revenue was up 20.1% compared to the same quarter last year. Equities analysts predict that Camping World Holdings will post $2.08 EPS for the current fiscal year.
In other news, Director Crestview Partners Ii Gp, L.P. sold 825,000 shares of Camping World Holdings stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $27.75, for a total transaction of $22,893,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Roger L. Nuttall sold 121,779 shares of Camping World Holdings stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $32.13, for a total transaction of $3,912,759.27. Following the sale, the insider now owns 155,198 shares of the company’s stock, valued at approximately $4,986,511.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,250,550 shares of company stock valued at $36,367,776. Insiders own 66.60% of the company’s stock.
Several analysts have issued reports on CWH shares. J P Morgan Chase & Co raised shares of Camping World Holdings from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $37.00 to $38.00 in a report on Thursday, July 13th. Credit Suisse Group reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Camping World Holdings in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of Camping World Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. KeyCorp reaffirmed a “buy” rating and set a $42.00 price objective on shares of Camping World Holdings in a report on Thursday. Finally, Robert W. Baird raised their price objective on shares of Camping World Holdings from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $36.62.
About Camping World Holdings
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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