Cable One, Inc. (CABO) Set to Announce Quarterly Earnings on Wednesday
Cable One, Inc. (NYSE:CABO) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, November 8th. Analysts expect the company to announce earnings of $5.20 per share for the quarter.
Cable One (NYSE:CABO) last posted its earnings results on Tuesday, August 8th. The company reported $4.97 earnings per share for the quarter, missing the consensus estimate of $5.10 by ($0.13). The business had revenue of $241.00 million for the quarter, compared to analysts’ expectations of $247.02 million. Cable One had a return on equity of 22.83% and a net margin of 12.44%. Cable One’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.62 EPS. 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.
Shares of Cable One, Inc. (NYSE:CABO) opened at 709.81 on Wednesday. The stock has a market cap of $4.06 billion, a PE ratio of 38.11 and a beta of 0.27. The company’s 50-day moving average price is $731.92 and its 200 day moving average price is $721.57. Cable One, Inc. has a 1-year low of $564.26 and a 1-year high of $788.00.
In other news, CFO Kevin P. Coyle sold 450 shares of Cable One stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $740.91, for a total value of $333,409.50. Following the completion of the transaction, the chief financial officer now owns 4,440 shares in the company, valued at approximately $3,289,640.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Julia M. Laulis sold 867 shares of Cable One stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $736.35, for a total value of $638,415.45. Following the completion of the transaction, the chief executive officer now owns 7,642 shares of the company’s stock, valued at approximately $5,627,186.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,561 shares of company stock valued at $1,893,119. Insiders own 1.30% of the company’s stock.
Several research analysts have recently commented on the company. BidaskClub upgraded Cable One from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $837.00 target price for the company in a research report on Thursday, August 10th. Finally, Raymond James Financial, Inc. lifted their target price on Cable One from $785.00 to $815.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $693.75.
Cable One Company Profile
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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