Equities research analysts forecast that Cable One Inc (NYSE:CABO) will post sales of $336.18 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Cable One’s earnings. The highest sales estimate is $339.74 million and the lowest is $334.00 million. Cable One reported sales of $284.99 million in the same quarter last year, which indicates a positive year over year growth rate of 18%. The business is expected to report its next quarterly earnings report on Thursday, November 5th.
According to Zacks, analysts expect that Cable One will report full-year sales of $1.33 billion for the current financial year, with estimates ranging from $1.32 billion to $1.34 billion. For the next financial year, analysts anticipate that the business will post sales of $1.39 billion, with estimates ranging from $1.33 billion to $1.45 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Cable One.
Cable One (NYSE:CABO) last released its quarterly earnings results on Thursday, August 6th. The company reported $10.63 earnings per share for the quarter, topping analysts’ consensus estimates of $8.82 by $1.81. Cable One had a return on equity of 24.87% and a net margin of 18.78%. The firm had revenue of $328.30 million during the quarter, compared to the consensus estimate of $323.15 million. During the same quarter in the prior year, the firm posted $6.35 EPS. The business’s revenue was up 14.9% on a year-over-year basis.
NYSE:CABO traded down $34.20 during trading hours on Monday, reaching $1,851.23. 52,290 shares of the stock were exchanged, compared to its average volume of 42,168. Cable One has a twelve month low of $1,031.39 and a twelve month high of $2,044.41. The company has a debt-to-equity ratio of 1.28, a current ratio of 3.47 and a quick ratio of 3.47. The firm has a 50 day moving average of $1,818.02 and a 200 day moving average of $1,755.12. The stock has a market cap of $11.14 billion, a PE ratio of 45.51 and a beta of 0.42.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, August 18th were paid a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Monday, August 17th. This is a boost from Cable One’s previous quarterly dividend of $2.25. Cable One’s dividend payout ratio is 29.90%.
In other Cable One news, SVP Eric Michael Lardy sold 1,372 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $1,900.21, for a total transaction of $2,607,088.12. Following the transaction, the senior vice president now owns 2,081 shares in the company, valued at approximately $3,954,337.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Michael E. Bowker sold 327 shares of the firm’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $1,802.00, for a total value of $589,254.00. Following the completion of the transaction, the chief operating officer now owns 2,857 shares in the company, valued at approximately $5,148,314. The disclosure for this sale can be found here. Insiders have sold a total of 2,677 shares of company stock worth $4,983,077 in the last quarter. Company insiders own 1.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bainco International Investors bought a new position in shares of Cable One in the first quarter worth $26,000. Ellevest Inc. boosted its stake in Cable One by 312.5% in the second quarter. Ellevest Inc. now owns 33 shares of the company’s stock valued at $59,000 after buying an additional 25 shares in the last quarter. Signaturefd LLC boosted its stake in Cable One by 15.4% in the second quarter. Signaturefd LLC now owns 45 shares of the company’s stock valued at $80,000 after buying an additional 6 shares in the last quarter. First Quadrant L P CA acquired a new stake in Cable One in the second quarter valued at about $99,000. Finally, Verus Capital Partners LLC boosted its stake in Cable One by 78.6% in the first quarter. Verus Capital Partners LLC now owns 75 shares of the company’s stock valued at $123,000 after buying an additional 33 shares in the last quarter. Institutional investors own 83.27% of the company’s stock.
Cable One Company Profile
Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution 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, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.
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