Equities research analysts expect Cable One Inc (NYSE:CABO) to report sales of $270.70 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Cable One’s earnings. The lowest sales estimate is $270.00 million and the highest is $271.60 million. Cable One reported sales of $257.71 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5%. The company is scheduled to announce its next quarterly earnings report on Thursday, March 7th.
According to Zacks, analysts expect that Cable One will report full-year sales of $1.07 billion for the current year. For the next year, analysts expect that the business will report sales of $1.10 billion, with estimates ranging from $1.09 billion to $1.11 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Cable One.
Cable One (NYSE:CABO) last posted its earnings results on Wednesday, November 7th. The company reported $6.70 earnings per share for the quarter, missing analysts’ consensus estimates of $7.84 by ($1.14). The company had revenue of $268.30 million for the quarter, compared to the consensus estimate of $267.53 million. Cable One had a return on equity of 22.03% and a net margin of 25.08%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.48 EPS.
CABO has been the topic of several analyst reports. SunTrust Banks cut shares of Cable One from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Raymond James lowered shares of Cable One from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 19th. Moffett Nathanson upgraded shares of Cable One from a “sell” rating to a “neutral” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Cable One from a “hold” rating to a “buy” rating and set a $936.00 target price on the stock in a report on Monday, October 15th. Finally, Wolfe Research started coverage on shares of Cable One in a report on Friday. They issued an “underperform” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Cable One currently has a consensus rating of “Hold” and an average target price of $845.67.
In related news, Director Deborah J. Kissire acquired 100 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were purchased at an average price of $863.24 per share, for a total transaction of $86,324.00. Following the completion of the acquisition, the director now owns 1,219 shares of the company’s stock, valued at $1,052,289.56. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas O. Might sold 4,417 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $882.47, for a total transaction of $3,897,869.99. Following the transaction, the director now owns 21,292 shares in the company, valued at approximately $18,789,551.24. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 570 shares of company stock worth $495,116. 1.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in CABO. Bank of Montreal Can raised its holdings in shares of Cable One by 17.2% during the second quarter. Bank of Montreal Can now owns 1,290 shares of the company’s stock valued at $946,000 after purchasing an additional 189 shares during the period. BNP Paribas Arbitrage SA grew its position in Cable One by 95.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 406 shares of the company’s stock worth $298,000 after purchasing an additional 198 shares in the last quarter. TD Asset Management Inc. grew its position in Cable One by 5.2% in the 2nd quarter. TD Asset Management Inc. now owns 4,072 shares of the company’s stock worth $2,986,000 after purchasing an additional 200 shares in the last quarter. First Manhattan Co. grew its position in Cable One by 24.4% in the 2nd quarter. First Manhattan Co. now owns 1,019 shares of the company’s stock worth $747,000 after purchasing an additional 200 shares in the last quarter. Finally, Comerica Bank grew its position in Cable One by 107.5% in the 2nd quarter. Comerica Bank now owns 7,708 shares of the company’s stock worth $5,779,000 after purchasing an additional 3,993 shares in the last quarter. Hedge funds and other institutional investors own 78.52% of the company’s stock.
Shares of NYSE CABO traded down $7.71 during midday trading on Wednesday, reaching $870.30. 41,442 shares of the company were exchanged, compared to its average volume of 29,355. The stock has a market cap of $5.01 billion, a PE ratio of 40.27 and a beta of 0.26. Cable One has a one year low of $597.40 and a one year high of $924.31. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.08 and a current ratio of 2.08.
The company also recently announced a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Tuesday, November 20th were issued a $2.00 dividend. The ex-dividend date was Monday, November 19th. This represents a $8.00 annualized dividend and a yield of 0.92%. Cable One’s payout ratio is 37.02%.
Cable One Company Profile
Cable One, Inc owns and operates cable systems that provide data, video, and voice services in the United States. The company offers data services, including home.cableone.net, an Internet portal that provides various email addresses; and WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home.
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