$1.02 Billion in Sales Expected for Camping World Holdings Inc (NYSE:CWH) This Quarter

Wall Street brokerages expect that Camping World Holdings Inc (NYSE:CWH) will announce $1.02 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Camping World’s earnings, with the highest sales estimate coming in at $1.05 billion and the lowest estimate coming in at $999.70 million. Camping World posted sales of $982.39 million in the same quarter last year, which indicates a positive year over year growth rate of 3.8%. The company is expected to report its next earnings report on Thursday, March 5th.

According to Zacks, analysts expect that Camping World will report full-year sales of $4.95 billion for the current year, with estimates ranging from $4.93 billion to $4.98 billion. For the next year, analysts forecast that the company will post sales of $4.95 billion, with estimates ranging from $4.83 billion to $5.06 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 issued its quarterly earnings data on Thursday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.04). The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.32 billion. Camping World had a negative net margin of 1.27% and a negative return on equity of 14,187.62%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share.

A number of research analysts have issued reports on the company. Zacks Investment Research cut Camping World from a “hold” rating to a “sell” rating in a report on Monday, November 18th. Bank of America cut their price objective on Camping World from $10.00 to $7.00 and set an “underperform” rating for the company in a report on Wednesday, September 4th. BMO Capital Markets cut their price objective on Camping World from $11.00 to $9.00 and set a “market perform” rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. cut Camping World from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $19.00 to $11.00 in a report on Thursday, August 8th. Finally, Citigroup lifted their price objective on Camping World from $11.00 to $14.00 and gave the company a “buy” rating in a report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $12.95.

In other Camping World news, major shareholder Abrams Capital Management, L.P purchased 47,682 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was acquired at an average cost of $7.92 per share, with a total value of $377,641.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 650,408 shares of company stock valued at $5,149,372 over the last ninety days. 49.40% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Abrams Capital Management L.P. raised its holdings in shares of Camping World by 29.5% in the second quarter. Abrams Capital Management L.P. now owns 5,108,808 shares of the company’s stock valued at $63,451,000 after buying an additional 1,163,446 shares during the last quarter. Crestview Partners II GP L.P. raised its holdings in shares of Camping World by 1.1% in the second quarter. Crestview Partners II GP L.P. now owns 4,303,075 shares of the company’s stock valued at $53,444,000 after buying an additional 47,539 shares during the last quarter. Wasatch Advisors Inc. raised its holdings in shares of Camping World by 13.8% in the second quarter. Wasatch Advisors Inc. now owns 3,292,880 shares of the company’s stock valued at $40,898,000 after buying an additional 398,118 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Camping World by 2.1% in the second quarter. BlackRock Inc. now owns 2,125,363 shares of the company’s stock valued at $26,395,000 after buying an additional 42,828 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Camping World by 2,437.2% in the third quarter. Millennium Management LLC now owns 1,383,563 shares of the company’s stock valued at $12,313,000 after buying an additional 1,329,031 shares during the last quarter. 41.10% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE CWH opened at $12.10 on Tuesday. The stock has a market cap of $1.06 billion, a PE ratio of 10.80 and a beta of 3.23. The business has a fifty day moving average of $10.62 and a two-hundred day moving average of $10.31. Camping World has a 52-week low of $7.12 and a 52-week high of $19.53. The company has a debt-to-equity ratio of 79.52, a quick ratio of 0.27 and a current ratio of 1.38.

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.

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