Analysts expect Cable One, Inc. (NYSE:CABO – Get Rating) to announce $427.83 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Cable One’s earnings. The highest sales estimate is $437.18 million and the lowest is $415.63 million. Cable One reported sales of $341.26 million during the same quarter last year, which indicates a positive year over year growth rate of 25.4%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Cable One will report full-year sales of $1.73 billion for the current fiscal year, with estimates ranging from $1.67 billion to $1.77 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.78 billion, with estimates ranging from $1.69 billion to $1.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Cable One.
Cable One (NYSE:CABO – Get Rating) last announced its earnings results on Thursday, February 24th. The company reported $10.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $12.09 by ($1.55). Cable One had a return on equity of 17.15% and a net margin of 18.17%. The company had revenue of $432.60 million during the quarter, compared to the consensus estimate of $431.99 million. During the same period in the prior year, the firm posted $9.80 earnings per share. The company’s revenue was up 28.4% on a year-over-year basis.
Shares of NYSE:CABO traded down $11.85 during trading on Wednesday, hitting $1,428.00. 31,803 shares of the company’s stock were exchanged, compared to its average volume of 32,312. Cable One has a 1-year low of $1,375.63 and a 1-year high of $2,136.14. The firm has a 50-day moving average price of $1,482.29 and a two-hundred day moving average price of $1,639.98. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 2.12. The firm has a market cap of $8.58 billion, a P/E ratio of 30.55 and a beta of 0.62.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 4th. Investors of record on Tuesday, February 15th were issued a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Monday, February 14th. Cable One’s dividend payout ratio is currently 23.53%.
Institutional investors have recently added to or reduced their stakes in the company. Ilmarinen Mutual Pension Insurance Co boosted its holdings in shares of Cable One by 38.0% in the third quarter. Ilmarinen Mutual Pension Insurance Co now owns 690 shares of the company’s stock valued at $1,251,000 after buying an additional 190 shares during the period. EP Wealth Advisors LLC lifted its position in shares of Cable One by 5,503.5% in the third quarter. EP Wealth Advisors LLC now owns 41,186 shares of the company’s stock worth $1,331,000 after purchasing an additional 40,451 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Cable One by 2.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 2,999 shares of the company’s stock worth $5,438,000 after purchasing an additional 71 shares in the last quarter. Yousif Capital Management LLC bought a new stake in shares of Cable One in the fourth quarter worth $4,520,000. Finally, Kestra Advisory Services LLC lifted its position in shares of Cable One by 17.1% in the third quarter. Kestra Advisory Services LLC now owns 123 shares of the company’s stock worth $223,000 after purchasing an additional 18 shares in the last quarter. Institutional investors own 88.88% of the company’s stock.
About Cable One (Get Rating)
Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service 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, as well as digital video services, including national and regional cable networks, music channels, and an interactive and electronic programming guide with parental controls.
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