Equities analysts forecast that Cabela’s Inc (NYSE:CAB) will report earnings per share of $0.57 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Cabela’s’ earnings. The highest EPS estimate is $0.61 and the lowest is $0.51. Cabela’s reported earnings per share of $0.59 during the same quarter last year, which would suggest a negative year over year growth rate of 3.4%. The company is expected to issue its next quarterly earnings report before the market opens on Thursday, August 3rd.
According to Zacks, analysts expect that Cabela’s will report full year earnings of $2.69 per share for the current fiscal year, with EPS estimates ranging from $2.47 to $2.83. For the next year, analysts expect that the firm will report earnings of $2.90 per share, with EPS estimates ranging from $2.69 to $3.05. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Cabela’s.
Cabela’s (NYSE:CAB) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. Cabela’s had a net margin of 3.49% and a return on equity of 8.97%. The firm had revenue of $834.90 million for the quarter, compared to analyst estimates of $848.09 million. During the same period in the prior year, the business posted $0.43 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year.
CAB has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Cabela’s from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Vetr downgraded shares of Cabela’s from a “strong-buy” rating to a “buy” rating and set a $60.00 target price for the company. in a report on Monday, April 17th. Stifel Nicolaus set a $59.00 target price on shares of Cabela’s and gave the company a “hold” rating in a report on Saturday, July 1st. BidaskClub upgraded shares of Cabela’s from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Northcoast Research downgraded shares of Cabela’s from a “buy” rating to a “neutral” rating in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Cabela’s has a consensus rating of “Hold” and a consensus price target of $60.17.
A number of hedge funds and other institutional investors have recently made changes to their positions in CAB. Renaissance Technologies LLC acquired a new position in shares of Cabela’s during the fourth quarter worth $8,138,000. Guggenheim Capital LLC boosted its position in shares of Cabela’s by 85.3% in the fourth quarter. Guggenheim Capital LLC now owns 50,150 shares of the company’s stock worth $2,936,000 after buying an additional 23,090 shares during the period. Norges Bank acquired a new position in shares of Cabela’s during the fourth quarter worth $20,509,000. Ursa Fund Management LLC acquired a new position in shares of Cabela’s during the fourth quarter worth $293,000. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of Cabela’s during the first quarter worth $279,000. 58.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Cabela’s (CAB) traded down 0.88% during trading on Friday, hitting $57.76. 1,024,025 shares of the stock traded hands. The company’s 50 day moving average is $57.98 and its 200 day moving average is $53.85. Cabela’s has a 52-week low of $45.00 and a 52-week high of $63.60. The firm has a market cap of $3.98 billion, a PE ratio of 27.80 and a beta of 0.15.
Cabela’s Incorporated is an omni-channel retailer of hunting, fishing, camping, shooting sports and related outdoor merchandise. The Company offers its customers a selection of national and regional brand products, including its Cabela’s brand. The Company’s segments include Merchandising and Financial Services.
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