Equities research analysts forecast that Cable One, Inc. (NYSE:CABO) will report $255.78 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Cable One’s earnings. The highest sales estimate is $256.44 million and the lowest is $255.20 million. Cable One posted sales of $205.54 million during the same quarter last year, which suggests a positive year-over-year growth rate of 24.4%. The firm is scheduled to announce its next earnings report on Wednesday, November 1st.
On average, analysts expect that Cable One will report full year sales of $255.78 million for the current fiscal year, with estimates ranging from $959.14 million to $1.03 billion. For the next financial year, analysts forecast that the company will report sales of $1.04 billion per share, with estimates ranging from $1.04 billion to $1.05 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Cable One.
Cable One (NYSE:CABO) last posted its earnings results on Tuesday, August 8th. The company reported $4.97 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.10 by ($0.13). Cable One had a return on equity of 22.83% and a net margin of 12.44%. The firm had revenue of $241.00 million for the quarter, compared to analyst estimates of $247.02 million. During the same period in the previous year, the company posted $4.62 EPS. Cable One’s revenue was up 17.8% on a year-over-year basis.
CABO has been the subject of a number of research reports. BidaskClub raised Cable One from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research downgraded Cable One from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 4th. Raymond James Financial, Inc. boosted their price objective on Cable One from $785.00 to $815.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Finally, TheStreet upgraded Cable One from a “c” rating to a “b-” rating in a research note on Monday, June 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $693.75.
Cable One (NYSE:CABO) traded down 0.26% during trading on Monday, reaching $731.50. The company had a trading volume of 28,780 shares. The firm’s 50 day moving average is $739.16 and its 200-day moving average is $678.38. Cable One has a 12 month low of $548.22 and a 12 month high of $754.00. The company has a market capitalization of $4.19 billion, a P/E ratio of 39.28 and a beta of 0.31.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, August 11th. This is a boost from Cable One’s previous quarterly dividend of $1.50. Cable One’s payout ratio is currently 37.57%.
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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 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 owns 7,104 shares in the company, valued at $5,261,151.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Julia M. Laulis sold 867 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $5,627,186.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,483 shares of company stock worth $3,278,889. 1.30% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Cable One by 6,855.3% in the first quarter. BlackRock Inc. now owns 439,785 shares of the company’s stock worth $274,634,000 after acquiring an additional 433,462 shares in the last quarter. Vanguard Group Inc. raised its stake in Cable One by 2.1% during the second quarter. Vanguard Group Inc. now owns 382,886 shares of the company’s stock valued at $272,194,000 after buying an additional 7,843 shares in the last quarter. Renaissance Technologies LLC raised its stake in Cable One by 92.3% during the second quarter. Renaissance Technologies LLC now owns 137,200 shares of the company’s stock valued at $97,535,000 after buying an additional 65,847 shares in the last quarter. State Street Corp raised its stake in Cable One by 1.3% during the second quarter. State Street Corp now owns 128,000 shares of the company’s stock valued at $90,989,000 after buying an additional 1,696 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its stake in Cable One by 4.8% during the first quarter. TimesSquare Capital Management LLC now owns 113,674 shares of the company’s stock valued at $70,986,000 after buying an additional 5,208 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.
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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