Camping World (NYSE:CWH) Posts Quarterly Earnings Results

Key Points

• Camping World reported earnings of $0.45 per share for the quarter, falling short of analysts' expectations of $0.58.
• The company announced a quarterly dividend of $0.125 per share, yielding 2.84%, but currently has a negative dividend payout ratio of -108.70%.
• Recent analyst ratings show a mix, with targets ranging from $15 to $30, and a general consensus of a "Moderate Buy" with an average target price of $22.44.

Camping World (NYSE:CWH - Get Free Report) released its earnings results on Tuesday. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01), Briefing.com reports. The firm had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.87 billion. Camping World had a negative return on equity of 8.66% and a negative net margin of 0.47%. The business's revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $0.38 earnings per share.

Camping World Trading Down 1.6%

Shares of NYSE CWH opened at $17.62 on Wednesday. The business has a 50 day simple moving average of $17.79 and a 200 day simple moving average of $17.80. Camping World has a 52 week low of $11.17 and a 52 week high of $25.97. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -38.30 and a beta of 1.86. The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.19 and a current ratio of 1.26.

Camping World Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, June 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.84%. Camping World's dividend payout ratio is -108.70%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Citigroup reiterated a "buy" rating and set a $23.00 price objective (up from $21.00) on shares of Camping World in a research report on Monday, June 16th. JPMorgan Chase & Co. raised Camping World from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from $23.00 to $21.00 in a research report on Thursday, May 1st. KeyCorp reiterated an "overweight" rating and set a $18.00 price target (up previously from $16.00) on shares of Camping World in a report on Friday, May 23rd. Baird R W downgraded Camping World from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Monness Crespi & Hardt lowered their target price on Camping World from $30.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $22.44.

Institutional Trading of Camping World

A number of institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in shares of Camping World by 66.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 889,377 shares of the company's stock worth $14,372,000 after purchasing an additional 354,333 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Camping World by 17.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 119,259 shares of the company's stock worth $1,927,000 after purchasing an additional 17,665 shares in the last quarter. AQR Capital Management LLC acquired a new position in Camping World during the first quarter worth $1,787,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Camping World by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company's stock valued at $539,000 after buying an additional 1,401 shares in the last quarter. 52.54% of the stock is currently owned by institutional investors and hedge funds.

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.