Cabela’s (NYSE:CAB) Earning Somewhat Positive News Coverage, Study Shows
Media headlines about Cabela’s (NYSE:CAB) have trended somewhat positive this week, Accern reports. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cabela’s earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.1027466108721 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Of Vermont Has $8.51 Million Position in International Business Machines Corporation (IBM) (fishinghd.com)
- Shares in International Business Machines Corporation (IBM) Acquired by HighVista Strategies LLC (vothemes.com)
- International Business Machines Corporation (IBM) Stock Rating Reaffirmed by Berenberg Bank (techkenyot.com)
- Cabela’s Inc Class A (NYSE:CAB) Closed Significantly Below Its 50 Day Moving Average (highlightpress.com)
- Cabela’s hints that Gander Mountain’s liquidation hurt its sales (finance.yahoo.com)
Several equities analysts have recently issued reports on the company. DA Davidson reiterated 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 downgraded Cabela’s from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Northcoast Research downgraded Cabela’s from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 5th. Stifel Nicolaus upped their target price on Cabela’s from $51.00 to $59.00 and gave the stock a “hold” rating in a research report on Tuesday, April 18th. Finally, BidaskClub downgraded Cabela’s from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $64.14.
Shares of Cabela’s (NYSE CAB) opened at 53.61 on Friday. The firm has a market capitalization of $3.70 billion, a P/E ratio of 27.81 and a beta of 0.14. Cabela’s has a 52-week low of $45.00 and a 52-week high of $63.60. The firm has a 50-day moving average price of $57.66 and a 200-day moving average price of $53.73.
Cabela’s (NYSE:CAB) last posted its earnings results on Thursday, August 3rd. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.57 by $0.04. Cabela’s had a return on equity of 8.60% and a net margin of 3.29%. The business had revenue of $890.40 million during the quarter, compared to analysts’ expectations of $906.06 million. During the same quarter in the previous year, the business earned $0.59 EPS. Cabela’s’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Cabela’s will post $2.61 EPS for the current year.
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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