Camping World Holdings Inc (NYSE:CWH) announced a quarterly dividend on Friday, March 1st, Wall Street Journal reports. Stockholders of record on Friday, March 15th will be paid a dividend of 0.08 per share on Friday, March 29th. This represents a $0.32 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Thursday, March 14th.
Camping World has a payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Camping World to earn $1.79 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 17.9%.
Shares of NYSE CWH opened at $13.87 on Wednesday. Camping World has a 1-year low of $11.01 and a 1-year high of $41.96. The company has a quick ratio of 0.28, a current ratio of 1.48 and a debt-to-equity ratio of 8.47. The stock has a market capitalization of $1.20 billion, a PE ratio of 6.06, a P/E/G ratio of 0.55 and a beta of 2.78.
A number of brokerages recently commented on CWH. Citigroup initiated coverage on Camping World in a report on Friday, December 14th. They issued a “buy” rating for the company. Monness Crespi & Hardt reissued a “buy” rating and issued a $19.00 price objective (down from $24.00) on shares of Camping World in a report on Monday, March 4th. Zacks Investment Research raised Camping World from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 25th. Wells Fargo & Co lowered Camping World from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $33.00 to $13.50 in a research note on Friday, March 8th. Finally, Credit Suisse Group reduced their price objective on Camping World from $18.50 to $17.00 and set a “neutral” rating for the company in a research note on Friday, March 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $28.83.
Camping World Company Profile
Camping World Holdings, Inc, through its subsidiaries, provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts. The company operates through Consumer Services and Plans, and Retail segments. It provides 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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