Camping World (NYSE:CWH) Releases Earnings Results, Misses Estimates By $0.10 EPS

Camping World (NYSE:CWH) released its earnings results on Tuesday. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.63) by ($0.10), FiscalAI reports. Camping World had a negative net margin of 0.85% and a positive return on equity of 3.80%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion.

Camping World Stock Down 3.9%

Shares of CWH stock traded down $0.44 during mid-day trading on Tuesday, hitting $10.84. The stock had a trading volume of 3,733,181 shares, compared to its average volume of 2,523,783. Camping World has a 12-month low of $9.49 and a 12-month high of $21.30. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.26 and a quick ratio of 0.27. The firm’s 50-day moving average is $11.90 and its two-hundred day moving average is $13.65. The firm has a market capitalization of $1.11 billion, a P/E ratio of -11.65 and a beta of 2.08.

Camping World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.50 dividend on an annualized basis and a yield of 4.6%. Camping World’s payout ratio is -53.76%.

Analysts Set New Price Targets

A number of research firms recently commented on CWH. Loop Capital began coverage on shares of Camping World in a research note on Friday, October 31st. They set a “buy” rating and a $17.00 price target for the company. Raymond James Financial dropped their target price on Camping World from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. JPMorgan Chase & Co. cut their target price on Camping World from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. KeyCorp decreased their price target on Camping World from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, BMO Capital Markets restated an “outperform” rating and set a $22.00 price objective on shares of Camping World in a report on Thursday, October 30th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.67.

Institutional Trading of Camping World

A number of hedge funds have recently added to or reduced their stakes in the business. UBS Group AG increased its position in Camping World by 0.4% during the 3rd quarter. UBS Group AG now owns 266,095 shares of the company’s stock valued at $4,202,000 after purchasing an additional 982 shares during the period. Alliancebernstein L.P. increased its holdings in Camping World by 2.2% during the third quarter. Alliancebernstein L.P. now owns 55,200 shares of the company’s stock valued at $872,000 after buying an additional 1,200 shares during the period. XTX Topco Ltd increased its holdings in Camping World by 5.8% during the fourth quarter. XTX Topco Ltd now owns 23,079 shares of the company’s stock valued at $225,000 after buying an additional 1,273 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Camping World by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company’s stock worth $539,000 after buying an additional 1,401 shares in the last quarter. Finally, Quarry LP lifted its holdings in Camping World by 2,275.8% during the third quarter. Quarry LP now owns 1,568 shares of the company’s stock worth $25,000 after buying an additional 1,502 shares during the period. 52.54% of the stock is owned by hedge funds and other institutional investors.

Camping World Company Profile

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.