Wall Street analysts forecast that Cable One (NYSE:CABO) will report $257.86 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Cable One’s earnings, with the highest sales estimate coming in at $259.70 million and the lowest estimate coming in at $255.91 million. Cable One reported sales of $207.43 million in the same quarter last year, which indicates a positive year-over-year growth rate of 24.3%. The business is expected to issue its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that Cable One will report full year sales of $1.04 billion for the current fiscal year, with estimates ranging from $1.03 billion to $1.06 billion. For the next year, analysts forecast that the business will post sales of $1.05 billion per share, with estimates ranging from $1.04 billion to $1.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Cable One.
Cable One (NYSE:CABO) last announced its quarterly earnings data on Thursday, March 1st. The company reported $5.78 EPS for the quarter, missing the Zacks’ consensus estimate of $5.87 by ($0.09). Cable One had a net margin of 24.63% and a return on equity of 23.21%. The firm had revenue of $257.71 million during the quarter, compared to analyst estimates of $254.91 million. During the same period last year, the business posted $4.23 EPS. The company’s revenue was up 24.7% on a year-over-year basis.
A number of equities research analysts have commented on the company. ValuEngine raised Cable One from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research lowered Cable One from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Wells Fargo restated a “market perform” rating and issued a $741.00 target price (up previously from $700.00) on shares of Cable One in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $788.00.
Cable One stock traded down $9.88 during mid-day trading on Thursday, reaching $683.12. The stock had a trading volume of 21,292 shares, compared to its average volume of 40,188. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.42 and a current ratio of 1.42. Cable One has a fifty-two week low of $627.25 and a fifty-two week high of $788.00. The stock has a market capitalization of $3,973.24, a PE ratio of 31.61, a price-to-earnings-growth ratio of 8.36 and a beta of 0.23.
In other news, Director Thomas O. Might sold 2,823 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $726.54, for a total value of $2,051,022.42. Following the transaction, the director now owns 15,140 shares in the company, valued at $10,999,815.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Paloma Partners Management Co bought a new stake in Cable One during the fourth quarter worth $212,000. LVW Advisors LLC bought a new stake in Cable One during the fourth quarter worth $214,000. State of Alaska Department of Revenue bought a new stake in Cable One during the fourth quarter worth $281,000. Quantitative Systematic Strategies LLC bought a new stake in Cable One during the fourth quarter worth $298,000. Finally, Dean Capital Investments Management LLC bought a new stake in Cable One during the fourth quarter worth $306,000. Institutional investors and hedge funds own 76.07% of the company’s stock.
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Cable One Company Profile
Cable One, Inc owns and operates cable systems that provide data, video, and voice services in the United States. The company offers data services, including home.cableone.net, an Internet portal that provides various email addresses; and WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home.
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