Camping World Holdings Inc (CWH) Expected to Announce Quarterly Sales of $1.46 Billion

Wall Street brokerages predict that Camping World Holdings Inc (NYSE:CWH) will post $1.46 billion in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Camping World’s earnings, with estimates ranging from $1.42 billion to $1.52 billion. Camping World reported sales of $1.45 billion in the same quarter last year, which would suggest a positive year over year growth rate of 0.7%. The company is expected to report its next earnings report on Tuesday, August 6th.

On average, analysts expect that Camping World will report full-year sales of $4.95 billion for the current financial year, with estimates ranging from $4.86 billion to $5.09 billion. For the next financial year, analysts anticipate that the business will post sales of $5.14 billion, with estimates ranging from $4.96 billion to $5.41 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Camping World.

Camping World (NYSE:CWH) last released its earnings results on Thursday, March 7th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.38). The business had revenue of $982.39 million during the quarter, compared to the consensus estimate of $973.80 million. Camping World had a negative net margin of 0.16% and a positive return on equity of 85.77%.

Several equities analysts have recently issued reports on CWH shares. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $19.00 target price (down from $24.00) on shares of Camping World in a report on Monday, March 4th. BMO Capital Markets dropped their price target on shares of Camping World from $36.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. Credit Suisse Group lowered shares of Camping World from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $41.80 to $18.50 in a research report on Friday, March 1st. Goldman Sachs Group lowered shares of Camping World from a “buy” rating to a “neutral” rating and dropped their target price for the company from $28.00 to $15.00 in a research report on Tuesday, March 19th. Finally, Zacks Investment Research upgraded shares of Camping World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Camping World currently has a consensus rating of “Hold” and an average target price of $20.86.

In other news, CEO Marcus Lemonis bought 100,000 shares of Camping World stock in a transaction on Monday, May 13th. The shares were bought at an average cost of $11.24 per share, with a total value of $1,124,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Abrams Capital Management, L.P bought 525,723 shares of Camping World stock in a transaction on Monday, May 13th. The shares were purchased at an average cost of $11.98 per share, for a total transaction of $6,298,161.54. The disclosure for this purchase can be found here. Insiders have purchased 1,724,817 shares of company stock worth $21,400,091 over the last 90 days. 49.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of CWH. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Camping World in the 1st quarter valued at approximately $4,528,000. Bank of New York Mellon Corp grew its holdings in Camping World by 129.0% during the 4th quarter. Bank of New York Mellon Corp now owns 431,472 shares of the company’s stock worth $4,949,000 after acquiring an additional 243,064 shares in the last quarter. Cambiar Investors LLC acquired a new position in Camping World during the 1st quarter worth approximately $3,101,000. River Road Asset Management LLC acquired a new position in Camping World during the 1st quarter worth approximately $2,783,000. Finally, Strs Ohio grew its holdings in Camping World by 26.9% during the 4th quarter. Strs Ohio now owns 850,000 shares of the company’s stock worth $9,749,000 after acquiring an additional 180,000 shares in the last quarter. 41.64% of the stock is currently owned by institutional investors.

Shares of CWH stock traded up $0.05 during trading on Friday, hitting $12.31. The company’s stock had a trading volume of 344,138 shares, compared to its average volume of 1,105,472. The firm has a market cap of $998.53 million, a PE ratio of 10.99, a P/E/G ratio of 0.62 and a beta of 2.70. The company has a quick ratio of 0.25, a current ratio of 1.35 and a debt-to-equity ratio of 264.05. Camping World has a 52 week low of $10.82 and a 52 week high of $27.17.

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.

See Also: What is net income?

Get a free copy of the Zacks research report on Camping World (CWH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Camping World Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camping World and related companies with MarketBeat.com's FREE daily email newsletter.