Camping World (NYSE:CWH) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Camping World (NYSE:CWH) issued its earnings results on Wednesday. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01, Briefing.com reports. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share.

Camping World Trading Down 4.4%

Camping World stock traded down $0.28 during midday trading on Friday, reaching $6.03. The stock had a trading volume of 1,200,972 shares, compared to its average volume of 2,916,869. The stock’s 50-day simple moving average is $6.98 and its 200 day simple moving average is $8.35. Camping World has a twelve month low of $5.49 and a twelve month high of $18.34. The company has a debt-to-equity ratio of 4.30, a quick ratio of 0.23 and a current ratio of 1.17. The stock has a market capitalization of $620.51 million, a PE ratio of -3.87 and a beta of 2.04.

Institutional Trading of Camping World

Large investors have recently bought and sold shares of the company. Balyasny Asset Management L.P. raised its position in shares of Camping World by 18.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock valued at $55,374,000 after purchasing an additional 490,245 shares in the last quarter. State Street Corp increased its position in shares of Camping World by 31.0% in the 4th quarter. State Street Corp now owns 1,974,266 shares of the company’s stock worth $19,210,000 after purchasing an additional 467,630 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Camping World by 86.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,970,543 shares of the company’s stock worth $19,173,000 after purchasing an additional 914,421 shares during the last quarter. Geode Capital Management LLC grew its stake in Camping World by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,432,688 shares of the company’s stock worth $13,943,000 after purchasing an additional 8,277 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Camping World by 8.2% in the second quarter. Qube Research & Technologies Ltd now owns 1,428,901 shares of the company’s stock valued at $24,563,000 after buying an additional 108,565 shares during the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.

Analysts Set New Price Targets

CWH has been the topic of a number of analyst reports. Bank of America reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Camping World in a report on Friday. Weiss Ratings lowered Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 11th. Citigroup cut their price target on shares of Camping World from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, July 24th. KeyCorp decreased their price objective on shares of Camping World from $12.00 to $9.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Truist Financial reduced their price target on shares of Camping World from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Camping World presently has a consensus rating of “Moderate Buy” and an average target price of $13.20.

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.