Cable One, Inc. (CABO) Scheduled to Post Quarterly Earnings on Tuesday
Cable One, Inc. (NYSE:CABO) is scheduled to be announcing its earnings results before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $5.62 per share for the quarter.
Cable One (NYSE:CABO) last released its earnings results on Tuesday, August 8th. The company reported $4.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.10 by ($0.13). Cable One had a net margin of 12.44% and a return on equity of 22.83%. The firm had revenue of $241.00 million during the quarter, compared to analyst estimates of $247.02 million. During the same period in the previous year, the company earned $4.62 earnings per share. Cable One’s revenue was up 17.8% on a year-over-year basis. On average, analysts expect Cable One to post $20.59 EPS for the current fiscal year and $22.65 EPS for the next fiscal year.
Cable One, Inc. (NYSE CABO) opened at 745.56 on Tuesday. Cable One, Inc. has a 52-week low of $563.46 and a 52-week high of $788.00. The company has a 50 day moving average price of $736.61 and a 200 day moving average price of $718.59. The firm has a market capitalization of $4.27 billion, a P/E ratio of 40.03 and a beta of 0.27.
CABO has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Cable One from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 4th. Raymond James Financial, Inc. lifted their price objective on shares of Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Finally, BidaskClub lowered shares of Cable One from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Cable One currently has a consensus rating of “Hold” and an average price target of $693.75.
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In related news, COO Michael E. Bowker sold 1,244 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $740.59, for a total transaction of $921,293.96. Following the sale, the chief operating officer now owns 7,104 shares of the company’s stock, valued at $5,261,151.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Donald Graham acquired 8,187 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were bought at an average cost of $742.52 per share, for a total transaction of $6,079,011.24. Following the acquisition, the insider now owns 279,733 shares of the company’s stock, valued at approximately $207,707,347.16. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 2,561 shares of company stock worth $1,893,119. Company insiders own 1.30% of the company’s stock.
About Cable One
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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