Sportsman’s Warehouse (SPWH) to Release Earnings on Tuesday

Sportsman’s Warehouse (NASDAQ:SPWH) is scheduled to release its earnings data after the market closes on Tuesday, September 3rd. Analysts expect Sportsman’s Warehouse to post earnings of ($0.09) per share for the quarter. Sportsman’s Warehouse has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Tuesday, June 4th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The business had revenue of $244.24 million for the quarter, compared to analysts’ expectations of $248.36 million. Sportsman’s Warehouse had a negative return on equity of 10.25% and a negative net margin of 2.48%. The company’s revenue was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.39) EPS. On average, analysts expect Sportsman’s Warehouse to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sportsman’s Warehouse Price Performance

NASDAQ:SPWH opened at $2.10 on Monday. The firm has a market capitalization of $79.28 million, a price-to-earnings ratio of -2.50 and a beta of 0.69. The business has a fifty day moving average price of $2.24 and a 200-day moving average price of $2.92. Sportsman’s Warehouse has a one year low of $1.81 and a one year high of $5.55.

Analysts Set New Price Targets

Several research firms have recently commented on SPWH. Craig Hallum decreased their price objective on Sportsman’s Warehouse from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Roth Capital upgraded shares of Sportsman’s Warehouse to a “strong-buy” rating in a research note on Monday, June 3rd. Roth Mkm assumed coverage on shares of Sportsman’s Warehouse in a research report on Monday, June 3rd. They issued a “buy” rating and a $5.00 price target for the company. Finally, Lake Street Capital decreased their price objective on shares of Sportsman’s Warehouse from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.40.

Insiders Place Their Bets

In related news, Director Steven W. Sansom purchased 10,000 shares of Sportsman’s Warehouse stock in a transaction on Wednesday, June 12th. The shares were bought at an average cost of $2.91 per share, for a total transaction of $29,100.00. Following the acquisition, the director now owns 90,000 shares in the company, valued at approximately $261,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Sportsman’s Warehouse Company Profile

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 apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.