Camping World Holdings Inc (NYSE:CWH) announced 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 annualized dividend and a dividend 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% per year over the last three years. Camping World has a dividend payout ratio of 14.0% meaning 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 $0.69 during midday trading on Wednesday, hitting $45.60. 433,300 shares of the stock traded hands, compared to its average volume of 483,002. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.29 and a quick ratio of 0.29. The stock has a market cap of $4,044.03, a PE ratio of 21.73, a price-to-earnings-growth ratio of 1.22 and a beta of 3.90. Camping World has a 52-week low of $26.30 and a 52-week high of $47.62.
Camping World (NYSE:CWH) last announced its earnings results on Thursday, November 9th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.11. Camping World had a net margin of 1.20% and a return on equity of 116.85%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the company earned $0.53 EPS. The business’s revenue was up 25.0% compared to the same quarter last year. equities analysts forecast that Camping World will post 2.29 EPS for the current fiscal year.
In other Camping World news, CFO Thomas F. Wolfe sold 17,529 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $37.32, for a total value of $654,182.28. Following the transaction, the chief financial officer now directly owns 62,529 shares in the company, valued at approximately $2,333,582.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marcus Lemonis sold 700,000 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $40.50, for a total transaction of $28,350,000.00. 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 over the last 90 days. Insiders own 66.60% of the company’s stock.
A number of analysts recently weighed in on CWH shares. Credit Suisse Group reissued a “buy” rating on shares of Camping World in a research report on Sunday, October 1st. Robert W. Baird reissued a “buy” rating on shares of Camping World in a research report on Thursday, September 21st. Zacks Investment Research raised shares of Camping World from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Monday, September 11th. ValuEngine raised shares of Camping World from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, KeyCorp reissued a “buy” rating and issued a $42.00 price objective on shares of Camping World in a research report on Thursday, August 31st. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price 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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