Camping World Holdings Inc (NYSE:CWH) declared a quarterly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders 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 dividend yield of 0.70%. The ex-dividend date is Thursday, December 14th.
Camping World has decreased its dividend by an average of 56.9% per year 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 (CWH) traded up $0.39 on Tuesday, hitting $46.04. The stock had a trading volume of 1,031,600 shares, compared to its average volume of 482,118. The firm has a market capitalization of $3,988.12, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 1.20 and a beta of 3.90. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.29 and a quick ratio of 0.29. Camping World has a 52 week low of $26.30 and a 52 week high of $47.35.
Camping World (NYSE:CWH) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.11. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.20 billion. Camping World had a return on equity of 116.85% and a net margin of 1.20%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. research analysts expect that Camping World will post 2.29 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the company. Robert W. Baird reaffirmed a “buy” rating and set a $40.00 target price on shares of Camping World in a report on Friday, October 27th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $48.00 target price (up from $37.00) on shares of Camping World in a report on Tuesday, November 7th. They noted that the move was a valuation call. Zacks Investment Research lowered Camping World from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $47.00 target price (up from $40.00) on shares of Camping World in a report on Tuesday, October 24th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $42.00 target price on shares of Camping World in a report on Wednesday, August 30th. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $44.11.
In related news, CEO Marcus Lemonis sold 700,000 shares of Camping World stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $40.50, for a total value of $28,350,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Crestview Partners Ii Gp, L.P. sold 863,104 shares of Camping World stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $40.50, for a total value of $34,955,712.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,239,274 shares of company stock worth $332,471,945. 66.60% of the stock is owned by corporate insiders.
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About Camping World
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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