Camping World (NYSE:CWH) Announces Earnings Results, Misses Expectations By $0.10 EPS

Camping World (NYSE:CWH) issued its earnings results on Wednesday. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10), Briefing.com reports. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Camping World had a negative net margin of 0.22% and a negative return on equity of 9.50%. Camping World’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS.

Camping World Price Performance

NYSE CWH traded down $1.44 during mid-day trading on Friday, hitting $20.53. The stock had a trading volume of 1,416,685 shares, compared to its average volume of 1,135,028. The firm’s 50 day moving average is $19.79 and its 200 day moving average is $22.78. Camping World has a twelve month low of $16.18 and a twelve month high of $29.24. The company has a debt-to-equity ratio of 11.24, a current ratio of 1.19 and a quick ratio of 0.17. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -513.12 and a beta of 2.54.

Camping World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.44%. The ex-dividend date was Thursday, June 13th. Camping World’s dividend payout ratio is currently -1,249.69%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CWH shares. StockNews.com lowered Camping World from a “hold” rating to a “sell” rating in a research report on Friday, May 10th. Roth Mkm restated a “buy” rating and issued a $28.00 price objective (down previously from $30.00) on shares of Camping World in a research report on Friday, May 3rd. Monness Crespi & Hardt lowered their price objective on Camping World from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. KeyCorp lowered their price objective on Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Truist Financial lowered their price objective on Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.50.

About Camping World

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.