Zacks: Analysts Anticipate Cable One, Inc. (NYSE:CABO) Will Announce Quarterly Sales of $427.83 Million

Brokerages expect that Cable One, Inc. (NYSE:CABOGet Rating) will report sales of $427.83 million for the current quarter, according to Zacks. Four analysts have provided estimates for Cable One’s earnings, with the lowest sales estimate coming in at $415.63 million and the highest estimate coming in at $437.18 million. Cable One posted sales of $341.26 million in the same quarter last year, which suggests a positive year-over-year growth rate of 25.4%. The business is expected to report its next 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 year, with estimates ranging from $1.67 billion to $1.77 billion. For the next financial year, analysts forecast that the business will post sales of $1.78 billion, with estimates ranging from $1.69 billion to $1.85 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Cable One.

Cable One (NYSE:CABOGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported $10.54 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $432.60 million for the quarter, compared to analysts’ expectations of $431.99 million. During the same period in the previous year, the firm posted $9.80 EPS. The firm’s revenue for the quarter was up 28.4% compared to the same quarter last year.

Several analysts have issued reports on CABO shares. StockNews.com started coverage on Cable One in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research raised Cable One from a “sell” rating to a “hold” rating in a research note on Tuesday, March 1st. KeyCorp cut their target price on Cable One from $2,480.00 to $2,326.00 and set an “overweight” rating for the company in a research note on Monday, February 28th. Cowen cut their target price on Cable One from $2,000.00 to $1,800.00 in a research note on Friday, February 25th. Finally, Wells Fargo & Company raised Cable One from an “equal weight” rating to an “overweight” rating and set a $2,100.00 target price for the company in a research note on Monday, February 28th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cable One has a consensus rating of “Buy” and a consensus price target of $2,041.86.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CABO. Wellington Management Group LLP grew its stake in shares of Cable One by 19.6% in the third quarter. Wellington Management Group LLP now owns 339,424 shares of the company’s stock worth $615,421,000 after acquiring an additional 55,691 shares during the last quarter. EP Wealth Advisors LLC grew its stake 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 acquiring an additional 40,451 shares during the last quarter. BlackRock Inc. boosted its position in shares of Cable One by 5.4% during the fourth quarter. BlackRock Inc. now owns 736,160 shares of the company’s stock valued at $1,298,179,000 after buying an additional 37,780 shares during the last quarter. Norges Bank purchased a new stake in shares of Cable One during the fourth quarter valued at $65,967,000. Finally, Nordea Investment Management AB increased its holdings in Cable One by 104.6% in the 3rd quarter. Nordea Investment Management AB now owns 53,134 shares of the company’s stock worth $97,776,000 after buying an additional 27,165 shares in the last quarter. 88.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CABO traded down $11.85 during midday 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 12-month low of $1,375.63 and a 12-month high of $2,136.14. 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 company has a market cap of $8.58 billion, a price-to-earnings ratio of 30.55 and a beta of 0.62. The business’s fifty day moving average price is $1,482.29 and its two-hundred day moving average price is $1,639.98.

The business also recently announced a quarterly dividend, which was paid on Friday, March 4th. Stockholders of record on Tuesday, February 15th were paid a $2.75 dividend. The ex-dividend date of this dividend 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 is currently 23.53%.

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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