Cabela’s (CAB) Posts Quarterly Earnings, Misses Expectations By $0.09 EPS
Cabela’s (NYSE:CAB) announced its earnings results on Thursday. The company reported $1.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.41 by $0.09, AmericanBankingNews.com reports. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion.
Shares of Cabela’s (NYSE:CAB) opened at 69.81 on Thursday. Cabela’s has a 52-week low of $47.65 and a 52-week high of $72.54. The stock’s 50-day moving average is $67.36 and its 200-day moving average is $64.74. The company has a market cap of $4.928 billion and a price-to-earnings ratio of 23.85.
A number of analysts have recently weighed in on CAB shares. Analysts at Stifel Nicolaus upgraded shares of Cabela’s from a “hold” rating to a “buy” rating in a research note on Monday, December 2nd. They now have a $86.00 price target on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cabela’s in a research note on Monday, November 18th. They now have a $67.00 price target on the stock. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $76.00.
Cabela’s Incorporated is a specialty retailer, and direct marketer, of hunting, fishing, camping, and related outdoor merchandise.
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