Camping World Holdings Inc (CWH) Plans $0.08 Quarterly Dividend
Camping World Holdings Inc (NYSE:CWH) declared a quarterly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.08 per share on Friday, December 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, December 14th.
Camping World has decreased its dividend payment by an average of 56.9% annually over the last three years. Camping World has a dividend payout ratio of 14.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Camping World to earn $2.40 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 13.3%.
Shares of Camping World (NYSE CWH) traded down $0.71 on Monday, reaching $45.65. The company’s stock had a trading volume of 577,000 shares, compared to its average volume of 479,750. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.29 and a current ratio of 1.29. Camping World has a 12-month low of $26.30 and a 12-month high of $47.35. The company has a market capitalization of $4,020.00 and a PE ratio of 21.43.
Camping World (NYSE:CWH) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.11. Camping World had a return on equity of 116.85% and a net margin of 1.20%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business posted $0.53 EPS. Camping World’s revenue for the quarter was up 25.0% on a year-over-year basis. equities analysts expect that Camping World will post 2.29 earnings per share for the current fiscal year.
In other Camping World news, CFO Thomas F. Wolfe sold 17,529 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $37.32, for a total value of $654,182.28. Following the sale, the chief financial officer now owns 62,529 shares in the company, valued at approximately $2,333,582.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marcus Lemonis sold 100,695 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $40.50, for a total value of $4,078,147.50. The disclosure for this sale can be found here. Insiders sold a total of 8,239,274 shares of company stock worth $332,471,945 in the last 90 days. Company insiders own 66.60% of the company’s stock.
Several research firms have recently weighed in on CWH. Forward View upgraded Camping World from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Monness Crespi & Hardt began coverage on Camping World in a report on Monday, August 7th. They set a “buy” rating and a $40.00 price objective on the stock. Robert W. Baird reiterated a “buy” rating on shares of Camping World in a report on Thursday, September 21st. ValuEngine cut Camping World from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $53.00 price objective (up previously from $40.00) on shares of Camping World in a report on Monday, October 30th. Thirteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $44.11.
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Camping World Company Profile
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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