Zacks: Brokerages Expect Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) Will Post Earnings of $0.25 Per Share

Wall Street brokerages forecast that Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) will announce earnings of $0.25 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Sportsman’s Warehouse’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.25. Sportsman’s Warehouse posted earnings per share of $0.26 during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.8%. The firm is scheduled to report its next quarterly earnings report on Wednesday, November 27th.

According to Zacks, analysts expect that Sportsman’s Warehouse will report full-year earnings of $0.54 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $0.54. For the next year, analysts forecast that the company will report earnings of $0.60 per share, with EPS estimates ranging from $0.52 to $0.66. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Sportsman’s Warehouse.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. Sportsman’s Warehouse had a net margin of 2.71% and a return on equity of 27.73%. The firm had revenue of $211.80 million for the quarter, compared to analyst estimates of $207.31 million. During the same quarter last year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis.

Several equities analysts have commented on the company. Zacks Investment Research upgraded Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a report on Tuesday, September 3rd. ValuEngine upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. DA Davidson set a $6.00 price target on Sportsman’s Warehouse and gave the company a “buy” rating in a report on Monday, September 23rd. Robert W. Baird increased their price target on Sportsman’s Warehouse from $4.00 to $5.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $8.00 price target (up previously from $7.00) on shares of Sportsman’s Warehouse in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $5.88.

Shares of SPWH stock opened at $6.29 on Wednesday. Sportsman’s Warehouse has a 12 month low of $3.41 and a 12 month high of $6.69. The company has a quick ratio of 0.05, a current ratio of 1.04 and a debt-to-equity ratio of 2.31. The business’s 50 day moving average is $4.77 and its two-hundred day moving average is $4.38. The company has a market cap of $230.85 million, a PE ratio of 10.48 and a beta of 0.29.

Hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its holdings in Sportsman’s Warehouse by 251.1% during the first quarter. BNP Paribas Arbitrage SA now owns 7,742 shares of the company’s stock valued at $37,000 after purchasing an additional 5,537 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Sportsman’s Warehouse in the second quarter worth $40,000. Flinton Capital Management LLC grew its stake in shares of Sportsman’s Warehouse by 87.5% in the second quarter. Flinton Capital Management LLC now owns 10,800 shares of the company’s stock worth $41,000 after acquiring an additional 5,040 shares during the last quarter. Meadow Creek Investment Management LLC grew its stake in shares of Sportsman’s Warehouse by 87.5% in the second quarter. Meadow Creek Investment Management LLC now owns 14,850 shares of the company’s stock worth $56,000 after acquiring an additional 6,930 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Sportsman’s Warehouse in the second quarter worth $61,000. Institutional investors own 92.60% of the company’s stock.

About Sportsman’s Warehouse

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

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Earnings History and Estimates for Sportsman`s Warehouse (NASDAQ:SPWH)

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