Camping World Holdings Inc. (CWH) Announces Earnings Results, Beats Estimates By $0.15 EPS
Camping World Holdings Inc. (NYSE:CWH) posted its quarterly earnings results on Thursday. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.15, Morningstar.com reports. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis.
Shares of Camping World Holdings (NYSE:CWH) opened at 31.47 on Friday. The stock’s 50 day moving average price is $31.23 and its 200-day moving average price is $31.12. Camping World Holdings has a one year low of $20.45 and a one year high of $36.60. The company’s market cap is $607.43 million.
In related news, insider Brent L. Moody sold 43,684 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $30.44, for a total value of $1,329,740.96. Following the completion of the transaction, the insider now directly owns 71,327 shares of the company’s stock, valued at approximately $2,171,193.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Crestview Partners Ii Gp, L.P. sold 825,000 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $27.75, for a total transaction of $22,893,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,750,550 shares of company stock valued at $188,992,776. 66.60% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eagle Asset Management Inc. increased its position in Camping World Holdings by 190.6% in the second quarter. Eagle Asset Management Inc. now owns 1,098,018 shares of the company’s stock valued at $33,873,000 after buying an additional 720,235 shares during the period. PNC Financial Services Group Inc. increased its position in Camping World Holdings by 29.5% in the first quarter. PNC Financial Services Group Inc. now owns 740,000 shares of the company’s stock valued at $23,856,000 after buying an additional 168,678 shares during the period. Marshall Wace North America L.P. acquired a new position in Camping World Holdings during the second quarter valued at approximately $17,892,000. Royce & Associates LP increased its position in Camping World Holdings by 1.5% in the second quarter. Royce & Associates LP now owns 548,453 shares of the company’s stock valued at $16,920,000 after buying an additional 8,152 shares during the period. Finally, American Century Companies Inc. increased its position in Camping World Holdings by 19.3% in the second quarter. American Century Companies Inc. now owns 533,203 shares of the company’s stock valued at $16,449,000 after buying an additional 86,384 shares during the period. 83.18% of the stock is owned by institutional investors.
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A number of equities analysts recently commented on the company. Robert W. Baird lifted their price target on Camping World Holdings from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday. Monness Crespi & Hardt assumed coverage on Camping World Holdings in a report on Monday. They set a “buy” rating and a $40.00 price target for the company. Zacks Investment Research upgraded Camping World Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co upgraded Camping World Holdings from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $37.00 to $38.00 in a report on Thursday, July 13th. Finally, BMO Capital Markets assumed coverage on Camping World Holdings in a report on Wednesday, June 21st. They set an “outperform” rating and a $36.00 price target for the company. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Camping World Holdings presently has an average rating of “Buy” and an average target price of $34.37.
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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