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

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

Camping World Stock Down 6.6 %

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

Camping World Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CWH shares. Truist Financial decreased their target price on Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Friday. Monness Crespi & Hardt reduced their price target on Camping World from $29.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, June 26th. Roth Mkm reissued a “buy” rating and issued a $28.00 price target (down previously from $30.00) on shares of Camping World in a report on Friday, May 3rd. KeyCorp reduced their price target on Camping World from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Friday. Finally, StockNews.com downgraded Camping World from a “hold” rating to a “sell” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.