Brokerages Anticipate Cable One Inc (CABO) Will Post Quarterly Sales of $279.02 Million

Brokerages predict that Cable One Inc (NYSE:CABO) will report sales of $279.02 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Cable One’s earnings. The highest sales estimate is $290.60 million and the lowest is $270.69 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 5%. The company is scheduled to report its next earnings results on Wednesday, May 8th.

On average, analysts expect that Cable One will report full-year sales of $1.13 billion for the current fiscal year, with estimates ranging from $1.11 billion to $1.16 billion. For the next financial year, analysts anticipate that the business will report sales of $1.17 billion, with estimates ranging from $1.15 billion to $1.20 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Cable One.

Cable One (NYSE:CABO) last released its earnings results on Wednesday, February 27th. The company reported $7.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.04 by ($0.70). The firm had revenue of $269.90 million during the quarter, compared to analysts’ expectations of $270.53 million. Cable One had a return on equity of 22.44% and a net margin of 15.36%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $5.20 earnings per share.

Several research firms recently issued reports on CABO. Zacks Investment Research raised shares of Cable One from a “hold” rating to a “buy” rating and set a $1,065.00 target price for the company in a report on Tuesday, March 5th. B. Riley increased their target price on shares of Cable One from $990.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, March 1st. KeyCorp reissued an “overweight” rating and issued a $1,115.00 target price (up from $1,025.00) on shares of Cable One in a report on Thursday, February 28th. They noted that the move was a valuation call. SunTrust Banks reissued a “hold” rating and issued a $905.00 target price on shares of Cable One in a report on Thursday, February 28th. They noted that the move was a valuation call. Finally, Raymond James reissued a “hold” rating on shares of Cable One in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $1,043.75.

Cable One stock opened at $1,025.19 on Monday. The company has a market capitalization of $5.84 billion, a P/E ratio of 35.63 and a beta of 0.49. Cable One has a 12-month low of $597.40 and a 12-month high of $1,033.26. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.47.

In other Cable One news, major shareholder Donald Graham sold 6,900 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $926.14, for a total transaction of $6,390,366.00. Following the completion of the sale, the insider now directly owns 18,194 shares of the company’s stock, valued at approximately $16,850,191.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CABO. Norges Bank purchased a new stake in Cable One during the 4th quarter valued at approximately $37,088,000. Vanguard Group Inc grew its holdings in Cable One by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 423,990 shares of the company’s stock valued at $374,642,000 after buying an additional 8,214 shares in the last quarter. Vanguard Group Inc. grew its holdings in Cable One by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 423,990 shares of the company’s stock valued at $374,642,000 after buying an additional 8,214 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Cable One by 8.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 107,610 shares of the company’s stock valued at $95,085,000 after buying an additional 8,050 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of Cable One by 38.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 28,200 shares of the company’s stock valued at $23,125,000 after acquiring an additional 7,900 shares during the last quarter. 79.12% of the stock is owned by institutional investors and hedge funds.

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.

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

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