Sportsman’s Warehouse (NASDAQ:SPWH) Posts Earnings Results

Sportsman’s Warehouse (NASDAQ:SPWH) released its earnings results on Tuesday. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.12, Zacks reports. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%.

Sportsman’s Warehouse Stock Down 2.9 %

Sportsman’s Warehouse stock traded down $0.03 during mid-day trading on Tuesday, reaching $0.97. The stock had a trading volume of 4,090,002 shares, compared to its average volume of 536,001. The company has a market capitalization of $36.63 million, a price-to-earnings ratio of -1.10 and a beta of 0.53. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. Sportsman’s Warehouse has a one year low of $0.92 and a one year high of $4.44. The company has a 50-day moving average price of $1.55 and a two-hundred day moving average price of $2.18.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and raised their price objective for the company from $2.00 to $4.00 in a research report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.20.

About Sportsman’s Warehouse

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.