Analysts Anticipate Cable One Inc (CABO) Will Post Quarterly Sales of $278.58 Million

Equities analysts predict that Cable One Inc (NYSE:CABO) will report sales of $278.58 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Cable One’s earnings, with the lowest sales estimate coming in at $270.69 million and the highest estimate coming in at $290.60 million. Cable One posted sales of $265.76 million in the same quarter last year, which suggests a positive year over year growth rate of 4.8%. The firm is expected to report its next earnings results on Wednesday, May 8th.

According to Zacks, analysts expect that Cable One will report full-year sales of $1.13 billion for the current fiscal year, with estimates ranging from $1.09 billion to $1.16 billion. For the next year, analysts forecast that the business will post sales of $1.17 billion, with estimates ranging from $1.15 billion to $1.20 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Cable One.

Cable One (NYSE:CABO) last issued its earnings results on Wednesday, February 27th. The company reported $7.34 earnings per share for the quarter, missing the consensus estimate of $8.04 by ($0.70). Cable One had a net margin of 15.36% and a return on equity of 22.44%. The business had revenue of $269.90 million for the quarter, compared to analyst estimates of $270.53 million. During the same quarter last year, the firm posted $5.20 earnings per share. Cable One’s revenue was up 4.7% on a year-over-year basis.

CABO has been the topic of a number of recent analyst reports. Moffett Nathanson upgraded shares of Cable One from a “sell” rating to a “neutral” rating in a research report on Tuesday, December 4th. Wolfe Research initiated coverage on shares of Cable One in a research report on Friday, December 7th. They issued an “underperform” rating on the stock. Zacks Investment Research upgraded shares of Cable One from a “hold” rating to a “buy” rating and set a $949.00 price target on the stock in a research report on Wednesday, January 23rd. KeyCorp restated an “overweight” rating and issued a $1,115.00 price target (up from $1,025.00) on shares of Cable One in a research report on Thursday, February 28th. They noted that the move was a valuation call. Finally, SunTrust Banks restated a “hold” rating and issued a $905.00 price target on shares of Cable One in a research report on Thursday, February 28th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $1,043.75.

In other Cable One news, major shareholder Donald Graham sold 6,900 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $926.14, for a total value of $6,390,366.00. Following the transaction, the insider now directly owns 18,194 shares in the company, valued at $16,850,191.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Loeb Partners Corp acquired a new position in shares of Cable One during the fourth quarter worth approximately $39,000. Hanseatic Management Services Inc. acquired a new position in shares of Cable One during the fourth quarter worth approximately $106,000. First Hawaiian Bank lifted its position in shares of Cable One by 512.0% during the fourth quarter. First Hawaiian Bank now owns 153 shares of the company’s stock worth $125,000 after purchasing an additional 128 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Cable One by 26.6% during the fourth quarter. Advisor Group Inc. now owns 176 shares of the company’s stock worth $145,000 after purchasing an additional 37 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cable One by 16.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 263 shares of the company’s stock worth $216,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 79.23% of the company’s stock.

Shares of Cable One stock opened at $981.38 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.47. Cable One has a twelve month low of $597.40 and a twelve month high of $989.41. The stock has a market cap of $5.59 billion, a PE ratio of 34.11 and a beta of 0.49.

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 19th were given a $2.00 dividend. The ex-dividend date was Friday, February 15th. This represents a $8.00 dividend on an annualized basis and a yield of 0.82%. Cable One’s dividend payout ratio (DPR) is presently 27.81%.

Cable One Company Profile

Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.

Further Reading: Net Income

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

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