Brokerages Expect Cable One, Inc. (NYSE:CABO) to Announce $12.03 EPS

Wall Street brokerages expect that Cable One, Inc. (NYSE:CABO – Get Rating) will post $12.03 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Cable One’s earnings, with the lowest EPS estimate coming in at $11.38 and the highest estimate coming in at $13.37. Cable One posted earnings of $11.19 per share in the same quarter last year, which would suggest a positive year over year growth rate of 7.5%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Cable One will report full year earnings of $50.95 per share for the current fiscal year, with EPS estimates ranging from $48.74 to $53.10. For the next financial year, analysts forecast that the business will report earnings of $58.99 per share, with EPS estimates ranging from $57.39 to $61.08. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Cable One.

Cable One (NYSE:CABO – Get Rating) last posted its quarterly earnings data on Thursday, February 24th. The company reported $10.54 earnings per share for the quarter, missing the consensus estimate of $12.09 by ($1.55). The firm had revenue of $432.60 million for the quarter, compared to analyst estimates of $431.99 million. Cable One had a return on equity of 17.15% and a net margin of 18.17%. The firm’s quarterly revenue was up 28.4% on a year-over-year basis. During the same period in the prior year, the company earned $9.80 earnings per share.

CABO has been the subject of several recent research reports. Cowen reduced their price target on Cable One from $2,000.00 to $1,800.00 in a research report on Friday, February 25th. StockNews.com initiated coverage on Cable One in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research upgraded Cable One from a “sell” rating to a “hold” rating in a research note on Tuesday, March 1st. KeyCorp dropped their price objective on Cable One from $2,480.00 to $2,326.00 and set an “overweight” rating on the stock in a research note on Monday, February 28th. Finally, Truist Financial dropped their price objective on Cable One from $2,300.00 to $2,000.00 in a research note on Friday, February 25th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $2,041.86.

Shares of CABO stock traded down $11.85 on Monday, hitting $1,428.00. 31,803 shares of the stock were exchanged, compared to its average volume of 32,312. 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 capitalization of $8.58 billion, a P/E ratio of 30.55 and a beta of 0.62. The business has a 50-day moving average of $1,482.29 and a 200 day moving average of $1,639.98. Cable One has a fifty-two week low of $1,375.63 and a fifty-two week high of $2,136.14.

The company also recently announced a quarterly dividend, which was paid on Friday, March 4th. Stockholders of record on Tuesday, February 15th were paid a dividend of $2.75 per share. The ex-dividend date was Monday, February 14th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 0.77%. Cable One’s dividend payout ratio (DPR) is currently 23.53%.

Several hedge funds and other institutional investors have recently made changes to their positions in CABO. Sageworth Trust Co of South Dakota bought a new position in Cable One during the 4th quarter worth $28,000. Allspring Global Investments Holdings LLC bought a new position in Cable One during the 4th quarter worth $29,000. National Bank of Canada FI bought a new position in Cable One during the 4th quarter worth $33,000. Confluence Wealth Services Inc. bought a new position in Cable One during the 4th quarter worth $40,000. Finally, Harbour Investments Inc. increased its stake in Cable One by 33.3% during the 4th quarter. Harbour Investments Inc. now owns 28 shares of the company’s stock worth $49,000 after acquiring an additional 7 shares during the period. Institutional investors own 88.88% of the company’s stock.

Cable One Company Profile (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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