Equities analysts expect Cabela’s Inc (NYSE:CAB) to post earnings of $0.57 per share for the current quarter, according to Zacks. Five analysts have provided estimates for Cabela’s’ earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.51. Cabela’s posted earnings per share of $0.59 in the same quarter last year, which would suggest a negative year over year growth rate of 3.4%. The company is expected to report its next 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 year, with EPS estimates ranging from $2.47 to $2.83. For the next fiscal year, analysts anticipate that the business 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 that provide coverage for Cabela’s.

Cabela’s (NYSE:CAB) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $834.90 million during the quarter, compared to analysts’ expectations of $848.09 million. During the same period in the prior year, the company posted $0.43 earnings per share. Cabela’s’s revenue for the quarter was down 3.4% compared to the same quarter last year.

CAB has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Cabela’s from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub raised shares of Cabela’s from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. DA Davidson reaffirmed a “neutral” rating and issued a $61.50 target price on shares of Cabela’s in a research note on Saturday, June 3rd. Northcoast Research downgraded shares of Cabela’s from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 5th. Finally, Vetr downgraded shares of Cabela’s from a “strong-buy” rating to a “buy” rating and set a $60.00 target price on the stock. in a research note on Monday, April 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Cabela’s has an average rating of “Hold” and an average target price of $60.17.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. State Treasurer State of Michigan increased its position in shares of Cabela’s by 1.9% in the second quarter. State Treasurer State of Michigan now owns 21,300 shares of the company’s stock worth $1,266,000 after buying an additional 400 shares during the last quarter. Aperio Group LLC increased its stake in Cabela’s by 25.4% in the second quarter. Aperio Group LLC now owns 5,515 shares of the company’s stock worth $328,000 after buying an additional 1,117 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Cabela’s by 3.8% in the second quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the company’s stock worth $802,000 after buying an additional 500 shares in the last quarter. LS Investment Advisors LLC increased its stake in Cabela’s by 21.5% in the second quarter. LS Investment Advisors LLC now owns 4,197 shares of the company’s stock worth $249,000 after buying an additional 742 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Cabela’s by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 18,833 shares of the company’s stock worth $1,119,000 after buying an additional 792 shares in the last quarter. 58.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cabela’s (CAB) opened at 58.45 on Friday. The firm has a market capitalization of $4.03 billion, a PE ratio of 28.13 and a beta of 0.16. Cabela’s has a 52-week low of $45.00 and a 52-week high of $63.60. The stock’s 50 day moving average is $57.72 and its 200 day moving average is $53.89.

About Cabela’s

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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