Camping World Holdings Inc. (CWH) to Post FY2019 Earnings of $2.60 Per Share, KeyCorp Forecasts
Camping World Holdings Inc. (NYSE:CWH) – Investment analysts at KeyCorp issued their FY2019 earnings per share estimates for shares of Camping World Holdings in a research note issued on Wednesday. KeyCorp analyst B. Andress expects that the company will post earnings of $2.60 per share for the year. KeyCorp currently has a “Buy” rating and a $42.00 target price on the stock.
A number of other equities research analysts have also recently issued reports on CWH. Zacks Investment Research cut shares of Camping World Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. ValuEngine raised shares of Camping World Holdings from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Wells Fargo & Company raised shares of Camping World Holdings from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Tuesday, May 30th. Credit Suisse Group reissued an “outperform” rating and set a $36.00 target price on shares of Camping World Holdings in a report on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) raised shares of Camping World Holdings from a “neutral” rating to a “buy” rating and boosted their target price for the company from $30.00 to $34.00 in a report on Friday, June 9th. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $36.62.
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Camping World Holdings (CWH) opened at 37.78 on Monday. The firm’s 50-day moving average price is $33.67 and its 200-day moving average price is $31.55. Camping World Holdings has a 1-year low of $20.45 and a 1-year high of $37.92. The company’s market cap is $1.11 billion.
Camping World Holdings (NYSE:CWH) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.15. Camping World Holdings had a negative return on equity of 319.74% and a net margin of 2.51%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company earned $0.65 EPS. The company’s revenue was up 20.1% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.85%. Camping World Holdings’s payout ratio is currently 14.29%.
In other news, insider Roger L. Nuttall sold 1,200 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $31.01, for a total value of $37,212.00. Following the transaction, the insider now owns 47,902 shares of the company’s stock, valued at $1,485,441.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Thomas F. Wolfe sold 4,179 shares of the company’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $32.01, for a total transaction of $133,769.79. Following the completion of the transaction, the chief financial officer now directly owns 49,179 shares in the company, valued at approximately $1,574,219.79. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,250,550 shares of company stock worth $36,367,776. Insiders own 66.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Koch Industries Inc. bought a new position in shares of Camping World Holdings in the first quarter worth $249,000. Highbridge Capital Management LLC bought a new position in shares of Camping World Holdings in the first quarter worth $2,660,000. Marshall Wace North America L.P. bought a new position in shares of Camping World Holdings in the second quarter worth $17,892,000. Bank of America Corp DE increased its holdings in shares of 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 worth $7,939,000 after purchasing an additional 134,285 shares during the period. Finally, Federated Investors Inc. PA increased its holdings in shares of Camping World Holdings by 46.7% in the second quarter. Federated Investors Inc. PA now owns 293,400 shares of the company’s stock worth $9,051,000 after purchasing an additional 93,400 shares during the period. 92.27% of the stock is currently owned by hedge funds and other institutional investors.
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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