Q4 2023 EPS Estimates for Cable One, Inc. (NYSE:CABO) Lifted by KeyCorp

Cable One, Inc. (NYSE:CABOFree Report) – Analysts at KeyCorp raised their Q4 2023 earnings per share (EPS) estimates for Cable One in a research note issued to investors on Thursday, November 2nd. KeyCorp analyst B. Nispel now forecasts that the company will post earnings per share of $13.35 for the quarter, up from their prior estimate of $13.14. KeyCorp currently has a “Overweight” rating and a $1,110.00 target price on the stock. The consensus estimate for Cable One’s current full-year earnings is $49.28 per share. KeyCorp also issued estimates for Cable One’s Q1 2024 earnings at $13.07 EPS, Q2 2024 earnings at $13.44 EPS, Q3 2024 earnings at $13.87 EPS, Q4 2024 earnings at $14.50 EPS and FY2024 earnings at $54.88 EPS.

CABO has been the subject of a number of other reports. Raymond James lowered their price objective on Cable One from $900.00 to $825.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. StockNews.com assumed coverage on Cable One in a research report on Thursday, October 5th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $868.00.

Check Out Our Latest Research Report on Cable One

Cable One Price Performance

Shares of CABO stock opened at $595.88 on Monday. The stock has a 50-day moving average price of $617.55 and a 200 day moving average price of $653.26. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 2.11. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 34.79 and a beta of 0.92. Cable One has a 12 month low of $520.05 and a 12 month high of $861.89.

Cable One (NYSE:CABOGet Free Report) last announced its earnings results on Thursday, August 3rd. The company reported $10.43 earnings per share for the quarter, missing analysts’ consensus estimates of $13.27 by ($2.84). The business had revenue of $424.02 million during the quarter, compared to analyst estimates of $422.41 million. Cable One had a net margin of 6.25% and a return on equity of 13.47%.

Cable One Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 29th were issued a dividend of $2.95 per share. The ex-dividend date was Monday, August 28th. This represents a $11.80 dividend on an annualized basis and a yield of 1.98%. This is a boost from Cable One’s previous quarterly dividend of $2.85. Cable One’s dividend payout ratio (DPR) is 68.89%.

Hedge Funds Weigh In On Cable One

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC bought a new position in Cable One during the first quarter worth about $33,000. 1832 Asset Management L.P. bought a new position in shares of Cable One during the 1st quarter valued at about $58,000. Global Retirement Partners LLC lifted its holdings in shares of Cable One by 51.9% during the 3rd quarter. Global Retirement Partners LLC now owns 117 shares of the company’s stock valued at $71,000 after purchasing an additional 40 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Cable One by 28.3% during the 2nd quarter. Covestor Ltd now owns 118 shares of the company’s stock valued at $78,000 after purchasing an additional 26 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Cable One by 8,850.0% during the 4th quarter. Meeder Asset Management Inc. now owns 179 shares of the company’s stock valued at $127,000 after purchasing an additional 177 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

Cable One Company Profile

(Get Free Report)

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 various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.

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Earnings History and Estimates for Cable One (NYSE:CABO)

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