Wall Street brokerages forecast that Cable One, Inc. (NYSE:CABO) will report earnings of $4.91 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cable One’s earnings, with the highest EPS estimate coming in at $5.31 and the lowest estimate coming in at $4.53. Cable One reported earnings of $3.63 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 35.3%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Cable One will report full-year earnings of $20.60 per share for the current financial year, with EPS estimates ranging from $20.21 to $20.98. For the next year, analysts anticipate that the company will report earnings of $22.65 per share, with EPS estimates ranging from $21.55 to $24.17. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Cable One.
Cable One (NYSE:CABO) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $4.97 EPS for the quarter, missing the 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 business had revenue of $241 million for the quarter, compared to the consensus estimate of $247.02 million. During the same period in the previous year, the firm earned $4.62 EPS. The company’s revenue was up 17.8% on a year-over-year basis.
A number of brokerages have recently issued reports on CABO. Raymond James Financial, Inc. began coverage on Cable One in a research report on Thursday, June 8th. They set an “outperform” rating and a $785.00 target price on the stock. TheStreet raised Cable One from a “c” rating to a “b-” rating in a research report on Monday, June 12th. Zacks Investment Research lowered Cable One from a “buy” rating to a “sell” rating in a research report on Wednesday, May 10th. Finally, BidaskClub lowered Cable One from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $693.75.
In related news, major shareholder Donald Graham sold 4,100 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $716.05, for a total transaction of $2,935,805.00. Following the transaction, the insider now directly owns 246,985 shares of the company’s stock, valued at $176,853,609.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Julia M. Laulis sold 867 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $736.35, for a total value of $638,415.45. Following the transaction, the chief executive officer now directly owns 7,642 shares in the company, valued at $5,627,186.70. The disclosure for this sale can be found here. Insiders have sold 9,889 shares of company stock worth $7,122,222 over the last three months. 1.30% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Blair William & Co. IL raised its position in Cable One by 0.3% in the second quarter. Blair William & Co. IL now owns 1,036 shares of the company’s stock valued at $736,000 after buying an additional 3 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Cable One by 2.7% in the first quarter. Envestnet Asset Management Inc. now owns 307 shares of the company’s stock worth $192,000 after buying an additional 8 shares during the period. Liberty Mutual Group Asset Management Inc. increased its position in shares of Cable One by 0.4% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 2,116 shares of the company’s stock worth $1,322,000 after buying an additional 8 shares during the period. World Asset Management Inc increased its position in shares of Cable One by 4.3% in the second quarter. World Asset Management Inc now owns 338 shares of the company’s stock worth $240,000 after buying an additional 14 shares during the period. Finally, Capstone Asset Management Co. increased its position in shares of Cable One by 3.1% in the first quarter. Capstone Asset Management Co. now owns 573 shares of the company’s stock worth $358,000 after buying an additional 17 shares during the period. 75.66% of the stock is currently owned by hedge funds and other institutional investors.
Cable One (NYSE CABO) traded up 0.34% during midday trading on Monday, reaching $742.50. 19,243 shares of the company traded hands. The company has a 50 day moving average price of $740.27 and a 200-day moving average price of $684.01. The stock has a market capitalization of $4.25 billion, a P/E ratio of 39.87 and a beta of 0.30. Cable One has a one year low of $527.75 and a one year high of $788.00.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 0.94%. This is a positive change from Cable One’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend is Friday, August 11th. Cable One’s payout ratio is presently 37.57%.
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About Cable One
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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