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

Cable One, Inc. (NYSE:CABO) – 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.

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:CABO) 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

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.