Camping World Holdings Inc. (CWH) to Post Q3 2017 Earnings of $0.63 Per Share, Forward View Forecasts
Camping World Holdings Inc. (NYSE:CWH) – Stock analysts at Forward View lifted their Q3 2017 earnings estimates for Camping World Holdings in a report issued on Monday. Forward View analyst N. Yates now anticipates that the company will earn $0.63 per share for the quarter, up from their prior forecast of $0.60. Forward View currently has a “Buy” rating on the stock.
Camping World Holdings (NYSE:CWH) last announced its earnings results on Thursday, August 10th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.15. Camping World Holdings had a net margin of 2.51% and a negative return on equity of 319.74%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the company posted $0.65 EPS. The firm’s quarterly revenue was up 20.1% on a year-over-year basis.
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CWH has been the subject of a number of other research reports. Credit Suisse Group restated an “outperform” rating and issued a $36.00 price target on shares of Camping World Holdings in a research report on Friday, June 2nd. Wells Fargo & Company upgraded Camping World Holdings from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research report on Tuesday, May 30th. ValuEngine upgraded Camping World Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. Zacks Investment Research upgraded Camping World Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Robert W. Baird raised their price target on Camping World Holdings from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $35.46.
Shares of Camping World Holdings (CWH) opened at 35.57 on Wednesday. Camping World Holdings has a 52 week low of $20.45 and a 52 week high of $36.60. The firm’s 50-day moving average is $31.64 and its 200 day moving average is $31.18. The firm’s market cap is $817.26 million.
Hedge funds have recently bought and sold shares of the stock. Koch Industries Inc. bought a new stake in Camping World Holdings during the first quarter worth approximately $249,000. Highbridge Capital Management LLC bought a new stake in Camping World Holdings during the first quarter worth approximately $2,660,000. Bank of America Corp DE raised its stake in Camping World Holdings by 119.9% in the first quarter. Bank of America Corp DE now owns 246,254 shares of the company’s stock worth $7,939,000 after buying an additional 134,285 shares during the last quarter. Nationwide Fund Advisors raised its stake in Camping World Holdings by 16.0% in the first quarter. Nationwide Fund Advisors now owns 7,205 shares of the company’s stock worth $232,000 after buying an additional 993 shares during the last quarter. Finally, K.J. Harrison & Partners Inc bought a new stake in Camping World Holdings during the second quarter worth approximately $861,000. 86.24% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Crestview Partners Ii Gp, L.P. sold 5,500,000 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $27.75, for a total transaction of $152,625,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Thomas F. Wolfe sold 4,179 shares of the stock in a transaction on Friday, July 21st. The shares were sold at an average price of $32.01, for a total value of $133,769.79. Following the sale, the chief financial officer now directly owns 49,179 shares in the company, valued at approximately $1,574,219.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,750,550 shares of company stock worth $188,992,776. Corporate insiders own 66.60% of the company’s stock.
About Camping World Holdings
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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