Equities analysts predict that Cable One Inc (NYSE:CABO) will post earnings per share (EPS) of $8.07 for the current quarter, according to Zacks. Five analysts have issued estimates for Cable One’s earnings, with the lowest EPS estimate coming in at $7.66 and the highest estimate coming in at $8.60. Cable One posted earnings per share of $5.78 during the same quarter last year, which indicates a positive year over year growth rate of 39.6%. The firm is expected to announce its next quarterly earnings report on Thursday, March 7th.
According to Zacks, analysts expect that Cable One will report full year earnings of $29.94 per share for the current financial year, with EPS estimates ranging from $29.09 to $31.19. For the next financial year, analysts expect that the business will post earnings of $33.90 per share, with EPS estimates ranging from $31.90 to $35.42. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Cable One.
Cable One (NYSE:CABO) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $6.70 EPS for the quarter, missing analysts’ consensus estimates of $7.84 by ($1.14). Cable One had a net margin of 25.08% and a return on equity of 22.42%. The firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $267.53 million. During the same period in the prior year, the company earned $5.48 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year.
CABO has been the topic of a number of research reports. Zacks Investment Research lowered Cable One from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 15th. ValuEngine lowered Cable One from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. SunTrust Banks lowered Cable One from a “buy” rating to a “hold” rating in a report on Thursday. Raymond James lowered Cable One from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 19th. Finally, B. Riley set a $860.00 price objective on Cable One and gave the company a “buy” rating in a report on Monday, August 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Cable One has a consensus rating of “Hold” and a consensus target price of $838.00.
Shares of NYSE CABO opened at $863.77 on Friday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.61. Cable One has a one year low of $597.40 and a one year high of $924.31. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 39.97 and a beta of 0.26.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Tuesday, November 20th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Monday, November 19th. Cable One’s dividend payout ratio is 37.02%.
In other news, Director Katharine Weymouth sold 254 shares of the company’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $834.30, for a total transaction of $211,912.20. Following the completion of the sale, the director now directly owns 255 shares in the company, valued at approximately $212,746.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in CABO. FMR LLC lifted its position in shares of Cable One by 6,904.6% during the 2nd quarter. FMR LLC now owns 35,093 shares of the company’s stock valued at $25,733,000 after acquiring an additional 34,592 shares during the period. Prudential Financial Inc. lifted its position in shares of Cable One by 361.4% during the 3rd quarter. Prudential Financial Inc. now owns 37,314 shares of the company’s stock valued at $32,972,000 after acquiring an additional 29,226 shares during the period. BlackRock Inc. lifted its position in shares of Cable One by 5.2% during the 3rd quarter. BlackRock Inc. now owns 414,974 shares of the company’s stock valued at $366,674,000 after acquiring an additional 20,444 shares during the period. American Century Companies Inc. bought a new stake in shares of Cable One during the 2nd quarter valued at $14,683,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Cable One during the 2nd quarter valued at $9,826,000. Hedge funds and other institutional investors own 78.67% of the company’s stock.
About Cable One
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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