Cabela’s Inc (NYSE:CAB) Expected to Post Quarterly Sales of $911.80 Million
Analysts forecast that Cabela’s Inc (NYSE:CAB) will report $911.80 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Cabela’s’ earnings. The highest sales estimate is $933.70 million and the lowest is $886.60 million. Cabela’s posted sales of $929.90 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.9%. The business is expected to report 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 sales of $911.80 million for the current financial year, with estimates ranging from $4.09 billion to $4.18 billion. For the next year, analysts anticipate that the firm will post sales of $4.26 billion per share, with estimates ranging from $4.18 billion to $4.38 billion. Zacks’ sales calculations 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 results on Thursday, May 4th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Cabela’s had a return on equity of 8.97% and a net margin of 3.49%. The business had revenue of $834.90 million for the quarter, compared to the consensus estimate of $848.09 million. During the same period in the prior year, the business earned $0.43 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis.
Several research firms have weighed in on CAB. DA Davidson reaffirmed a “neutral” rating and set a $61.50 price objective on shares of Cabela’s in a research report on Saturday, June 3rd. Zacks Investment Research cut Cabela’s from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Northcoast Research cut Cabela’s from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 5th. Stifel Nicolaus lifted their price objective on Cabela’s from $51.00 to $59.00 and gave the company a “hold” rating in a research report on Tuesday, April 18th. Finally, BidaskClub raised Cabela’s from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $60.17.
Several hedge funds have recently modified their holdings of CAB. Tiedemann Wealth Management LLC boosted its stake in shares of Cabela’s by 4.8% in the first quarter. Tiedemann Wealth Management LLC now owns 4,375 shares of the company’s stock worth $232,000 after buying an additional 200 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Cabela’s during the first quarter worth approximately $234,000. Infrastructure Capital Advisors LLC bought a new stake in shares of Cabela’s during the first quarter worth approximately $238,000. LS Investment Advisors LLC boosted its stake in shares of 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, Capstone Asset Management Co. boosted its stake in shares of Cabela’s by 4.4% in the second quarter. Capstone Asset Management Co. now owns 4,303 shares of the company’s stock worth $256,000 after buying an additional 180 shares in the last quarter. 58.24% of the stock is currently owned by hedge funds and other institutional investors.
Cabela’s (NYSE CAB) traded down 0.31% on Friday, reaching $58.27. The company had a trading volume of 509,325 shares. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 28.04 and a beta of 0.16. The company’s 50 day moving average is $57.72 and its 200-day moving average is $53.89. Cabela’s has a one year low of $45.00 and a one year high of $63.60.
Cabela’s Company Profile
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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