Somewhat Favorable News Coverage Somewhat Unlikely to Affect Camping World Holdings (CWH) Stock Price
Press coverage about Camping World Holdings (NYSE:CWH) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Camping World Holdings earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.7082884357657 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Camping World Holdings (NYSE:CWH) traded up $1.12 during mid-day trading on Tuesday, reaching $43.62. 417,700 shares of the company’s stock traded hands, compared to its average volume of 469,308. The company has a quick ratio of 0.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.74. Camping World Holdings has a 52-week low of $23.89 and a 52-week high of $45.84. The firm has a market cap of $3,820.00 and a P/E ratio of 19.95.
Camping World Holdings (NYSE:CWH) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.11. Camping World Holdings had a net margin of 1.20% and a return on equity of 116.85%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $0.53 earnings per share. The firm’s revenue was up 25.0% compared to the same quarter last year. sell-side analysts forecast that Camping World Holdings will post 2.29 earnings per share for the current year.
Several research analysts recently weighed in on the stock. Bank of America Corporation lifted their price objective on shares of Camping World Holdings from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Forward View reissued a “buy” rating and set a $45.00 price objective on shares of Camping World Holdings in a research note on Monday, November 13th. Wells Fargo & Company reissued an “outperform” rating and set a $48.00 price objective (up previously from $37.00) on shares of Camping World Holdings in a research note on Tuesday, November 7th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Camping World Holdings from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Wednesday, November 1st. Finally, Credit Suisse Group reissued an “outperform” rating and set a $45.00 price objective (up previously from $43.00) on shares of Camping World Holdings in a research note on Tuesday, October 31st. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $44.11.
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In related news, CFO Thomas F. Wolfe sold 68,028 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $38.55, for a total transaction of $2,622,479.40. Following the transaction, the chief financial officer now directly owns 79,733 shares in the company, valued at $3,073,707.15. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Crestview Partners Ii Gp, L.P. sold 6,000,000 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $40.50, for a total transaction of $243,000,000.00. The disclosure for this sale can be found here. Insiders sold 8,239,274 shares of company stock worth $332,471,945 over the last quarter. 66.60% of the stock is owned by corporate insiders.
Camping World Holdings 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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