Equities research analysts forecast that Cable One, Inc. (NYSE:CABO) will post earnings per share (EPS) of $5.87 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cable One’s earnings, with estimates ranging from $5.69 to $6.19. Cable One posted earnings per share of $4.23 in the same quarter last year, which would suggest a positive year over year growth rate of 38.8%. The company is expected to report its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Cable One will report full year earnings of $22.14 per share for the current fiscal year, with EPS estimates ranging from $21.93 to $22.44. For the next year, analysts anticipate that the business will post earnings of $24.63 per share, with EPS estimates ranging from $22.93 to $26.91. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Cable One.

Cable One (NYSE:CABO) last released its quarterly earnings data on Wednesday, November 8th. The company reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $5.20 by $0.28. The company had revenue of $253.85 million for the quarter, compared to the consensus estimate of $255.68 million. Cable One had a return on equity of 23.97% and a net margin of 12.95%. The company’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.63 earnings per share.

A number of equities research analysts have weighed in on CABO shares. Zacks Investment Research downgraded Cable One from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub raised Cable One from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. SunTrust Banks reaffirmed a “buy” rating and set a $815.00 price objective on shares of Cable One in a report on Friday, November 10th. J P Morgan Chase & Co downgraded Cable One from a “neutral” rating to an “underweight” rating in a report on Monday, November 13th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $700.00 price objective (down from $761.00) on shares of Cable One in a report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $705.00.

In other news, COO Michael E. Bowker sold 1,244 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $740.59, for a total value of $921,293.96. Following the transaction, the chief operating officer now directly owns 7,104 shares of the company’s stock, valued at approximately $5,261,151.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Blair William & Co. IL raised its position in Cable One by 0.3% in the 2nd quarter. Blair William & Co. IL now owns 1,036 shares of the company’s stock worth $736,000 after purchasing an additional 3 shares during the last quarter. World Asset Management Inc raised its position in Cable One by 4.3% in the 2nd quarter. World Asset Management Inc now owns 338 shares of the company’s stock worth $240,000 after purchasing an additional 14 shares during the last quarter. Sei Investments Co. raised its position in Cable One by 3.1% in the 2nd quarter. Sei Investments Co. now owns 638 shares of the company’s stock worth $453,000 after purchasing an additional 19 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Cable One by 3.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 594 shares of the company’s stock worth $422,000 after purchasing an additional 21 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Cable One by 28.3% in the 2nd quarter. Victory Capital Management Inc. now owns 163 shares of the company’s stock worth $116,000 after purchasing an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 73.14% of the company’s stock.

Shares of Cable One (CABO) opened at $688.07 on Tuesday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market capitalization of $3,877.87, a P/E ratio of 33.05, a price-to-earnings-growth ratio of 10.19 and a beta of 0.19. Cable One has a 1-year low of $564.26 and a 1-year high of $788.00.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Tuesday, November 21st were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Monday, November 20th. Cable One’s payout ratio is currently 34.18%.

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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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Earnings History and Estimates for Cable One (NYSE:CABO)

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