Equities Analysts Issue Forecasts for Cable One, Inc.’s Q1 2023 Earnings (NYSE:CABO)

Cable One, Inc. (NYSE:CABOGet Rating) – Equities researchers at KeyCorp issued their Q1 2023 earnings estimates for Cable One in a report released on Monday, July 25th. KeyCorp analyst B. Nispel expects that the company will earn $14.35 per share for the quarter. The consensus estimate for Cable One’s current full-year earnings is $67.72 per share. KeyCorp also issued estimates for Cable One’s Q2 2023 earnings at $14.94 EPS, Q3 2023 earnings at $15.30 EPS and Q4 2023 earnings at $15.67 EPS.

Cable One (NYSE:CABOGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $26.85 EPS for the quarter, beating the consensus estimate of $12.03 by $14.82. The firm had revenue of $426.70 million during the quarter, compared to the consensus estimate of $427.97 million. Cable One had a net margin of 23.34% and a return on equity of 22.11%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $11.19 earnings per share.

A number of other equities analysts also recently issued reports on CABO. Truist Financial increased their price target on shares of Cable One from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Friday, June 10th. Wells Fargo & Company decreased their price target on shares of Cable One from $2,100.00 to $1,800.00 in a research note on Friday, May 6th. Finally, StockNews.com assumed coverage on shares of Cable One in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,866.00.

Cable One Stock Performance

Shares of NYSE:CABO opened at $1,439.50 on Wednesday. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 23.07 and a beta of 0.70. The company has a 50-day moving average price of $1,296.02 and a 200-day moving average price of $1,383.41. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.96. Cable One has a 12 month low of $1,049.81 and a 12 month high of $2,136.14.

Cable One Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Tuesday, May 31st were issued a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Friday, May 27th. Cable One’s dividend payout ratio (DPR) is presently 17.63%.

Insiders Place Their Bets

In other Cable One news, Director Thomas Sinnickson Gayner acquired 50 shares of the business’s stock in a transaction on Wednesday, May 25th. The shares were acquired at an average price of $1,257.97 per share, for a total transaction of $62,898.50. Following the completion of the acquisition, the director now owns 7,469 shares in the company, valued at $9,395,777.93. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Thomas Sinnickson Gayner purchased 50 shares of the business’s stock in a transaction dated Wednesday, May 25th. The shares were purchased at an average price of $1,257.97 per share, for a total transaction of $62,898.50. Following the completion of the acquisition, the director now directly owns 7,469 shares in the company, valued at approximately $9,395,777.93. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Peter N. Witty sold 376 shares of the stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $1,310.00, for a total transaction of $492,560.00. Following the sale, the insider now owns 1,529 shares in the company, valued at approximately $2,002,990. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Cable One

Institutional investors have recently made changes to their positions in the company. Brinker Capital Investments LLC grew its holdings in shares of Cable One by 9.1% during the fourth quarter. Brinker Capital Investments LLC now owns 395 shares of the company’s stock valued at $697,000 after buying an additional 33 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Cable One by 7.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 2,005 shares of the company’s stock worth $2,936,000 after purchasing an additional 136 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Cable One by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 76,725 shares of the company’s stock worth $135,131,000 after purchasing an additional 771 shares during the last quarter. Yousif Capital Management LLC purchased a new stake in Cable One in the fourth quarter worth approximately $4,520,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Cable One by 19.1% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 711 shares of the company’s stock worth $1,041,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 89.51% 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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Earnings History and Estimates for Cable One (NYSE:CABO)

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