$278.58 Million in Sales Expected for Cable One Inc (CABO) This Quarter

Wall Street analysts expect Cable One Inc (NYSE:CABO) to announce $278.58 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Cable One’s earnings, with estimates ranging from $270.69 million to $290.60 million. Cable One reported sales of $265.76 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.8%. The firm is expected to report its next quarterly earnings report on Wednesday, May 8th.

According to Zacks, analysts expect that Cable One will report full year sales of $1.13 billion for the current financial year, with estimates ranging from $1.09 billion to $1.16 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.17 billion, with estimates ranging from $1.15 billion to $1.20 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts 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 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $269.90 million during the quarter, compared to the consensus estimate of $270.53 million. During the same period in the previous year, the company posted $5.20 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis.

Several equities research analysts have commented on CABO shares. Moffett Nathanson raised shares of Cable One from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 4th. Wolfe Research started coverage on shares of Cable One in a research note on Friday, December 7th. They issued an “underperform” rating for the company. Zacks Investment Research raised shares of Cable One from a “hold” rating to a “buy” rating and set a $949.00 target price for the company in a research note on Wednesday, January 23rd. Raymond James reaffirmed a “hold” rating on shares of Cable One in a research note on Thursday, February 28th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $1,115.00 target price (up previously from $1,025.00) on shares of Cable One in a research note on Thursday, February 28th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $1,043.75.

NYSE:CABO traded up $4.06 during trading hours on Thursday, hitting $943.82. The stock had a trading volume of 59,013 shares, compared to its average volume of 38,184. Cable One has a one year low of $597.40 and a one year high of $970.00. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.38 and a current ratio of 2.38. The company has a market capitalization of $5.33 billion, a PE ratio of 32.81 and a beta of 0.49.

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 19th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.85%. The ex-dividend date was Friday, February 15th. Cable One’s payout ratio is presently 27.81%.

Large investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of Cable One by 10.3% in the fourth quarter. Geode Capital Management LLC now owns 47,520 shares of the company’s stock valued at $38,970,000 after buying an additional 4,420 shares during the period. Norges Bank acquired a new position in shares of Cable One in the fourth quarter valued at approximately $37,088,000. Amalgamated Bank boosted its holdings in shares of Cable One by 64.4% in the fourth quarter. Amalgamated Bank now owns 1,024 shares of the company’s stock valued at $840,000 after buying an additional 401 shares during the period. Legal & General Group Plc boosted its holdings in shares of Cable One by 6.6% in the fourth quarter. Legal & General Group Plc now owns 5,934 shares of the company’s stock valued at $4,867,000 after buying an additional 370 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Cable One by 5.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,257 shares of the company’s stock valued at $1,031,000 after buying an additional 70 shares during the period. 78.44% of the stock is owned by hedge funds and other institutional investors.

Cable One Company Profile

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

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