Sportsman’s Warehouse Holdings Inc (SPWH) Expected to Announce Quarterly Sales of $176.96 Million

Brokerages expect Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) to announce sales of $176.96 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Sportsman’s Warehouse’s earnings, with the lowest sales estimate coming in at $175.93 million and the highest estimate coming in at $178.30 million. Sportsman’s Warehouse posted sales of $180.06 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.7%. The firm is scheduled to announce its next earnings report on Thursday, May 23rd.

According to Zacks, analysts expect that Sportsman’s Warehouse will report full year sales of $870.09 million for the current financial year, with estimates ranging from $867.35 million to $875.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $900.59 million, with estimates ranging from $893.75 million to $909.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Sportsman’s Warehouse.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Thursday, March 28th. The company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $242.70 million during the quarter, compared to analyst estimates of $242.43 million. Sportsman’s Warehouse had a net margin of 2.80% and a return on equity of 41.69%. The firm’s quarterly revenue was down .2% on a year-over-year basis.

A number of equities research analysts have weighed in on SPWH shares. Piper Jaffray Companies upgraded shares of Sportsman’s Warehouse from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $6.00 to $8.00 in a research note on Friday, January 18th. ValuEngine upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Zacks Investment Research lowered shares of Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a research note on Saturday, March 30th. Finally, BidaskClub lowered shares of Sportsman’s Warehouse from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $7.56.

SPWH traded down $0.03 during mid-day trading on Friday, reaching $4.88. 7,682 shares of the company traded hands, compared to its average volume of 307,064. The firm has a market cap of $211.03 million, a PE ratio of 8.13, a P/E/G ratio of 0.86 and a beta of 0.08. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.35. Sportsman’s Warehouse has a 52-week low of $4.04 and a 52-week high of $6.69.

Large investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of Sportsman’s Warehouse in the 1st quarter worth $71,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Sportsman’s Warehouse in the 4th quarter worth $72,000. Jane Street Group LLC purchased a new stake in shares of Sportsman’s Warehouse in the 3rd quarter worth $102,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Sportsman’s Warehouse in the 3rd quarter worth $130,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Sportsman’s Warehouse in the 3rd quarter worth $151,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

About Sportsman’s Warehouse

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

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Earnings History and Estimates for Sportsman`s Warehouse (NASDAQ:SPWH)

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