$8.25 Earnings Per Share Expected for Cable One Inc (NYSE:CABO) This Quarter

Analysts predict that Cable One Inc (NYSE:CABO) will post $8.25 earnings per share for the current quarter, according to Zacks. Five analysts have provided estimates for Cable One’s earnings, with the lowest EPS estimate coming in at $7.95 and the highest estimate coming in at $8.59. Cable One posted earnings per share of $6.70 during the same quarter last year, which indicates a positive year-over-year growth rate of 23.1%. The firm is expected to announce its next earnings results on Wednesday, November 6th.

According to Zacks, analysts expect that Cable One will report full year earnings of $30.03 per share for the current financial year, with EPS estimates ranging from $29.17 to $31.52. For the next fiscal year, analysts expect that the firm will report earnings of $36.90 per share, with EPS estimates ranging from $32.06 to $41.30. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Cable One.

Cable One (NYSE:CABO) last released its earnings results on Wednesday, August 7th. The company reported $6.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $7.76 by ($1.41). Cable One had a net margin of 14.10% and a return on equity of 21.26%. The business had revenue of $285.70 million for the quarter, compared to analysts’ expectations of $283.61 million. During the same period last year, the firm earned $7.65 EPS. The company’s revenue was up 6.4% compared to the same quarter last year.

CABO has been the subject of several recent research reports. ValuEngine cut Cable One from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wolfe Research raised Cable One from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 23rd. Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $1,414.00 price target for the company in a research note on Tuesday, October 8th. KeyCorp reissued an “overweight” rating and issued a $1,482.00 price target (up previously from $1,316.00) on shares of Cable One in a research note on Wednesday, September 4th. Finally, B. Riley set a $1,400.00 price target on Cable One and gave the company a “buy” rating in a research note on Thursday, August 29th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $1,303.20.

In other Cable One news, CEO Julia M. Laulis sold 668 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,279.79, for a total transaction of $854,899.72. Following the completion of the sale, the chief executive officer now owns 2,896 shares of the company’s stock, valued at $3,706,271.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael E. Bowker sold 300 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,246.80, for a total value of $374,040.00. Following the sale, the chief operating officer now directly owns 1,718 shares of the company’s stock, valued at approximately $2,142,002.40. The disclosure for this sale can be found here. Insiders have sold 1,630 shares of company stock valued at $2,059,962 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Several hedge funds have recently modified their holdings of CABO. Advisory Services Network LLC lifted its holdings in shares of Cable One by 450.0% during the second quarter. Advisory Services Network LLC now owns 22 shares of the company’s stock worth $26,000 after buying an additional 18 shares during the last quarter. Machina Capital S.A.S. acquired a new position in shares of Cable One during the second quarter worth approximately $35,000. Atria Investments LLC acquired a new position in shares of Cable One during the second quarter worth approximately $175,000. NEXT Financial Group Inc acquired a new position in shares of Cable One during the second quarter worth approximately $180,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Cable One by 7.0% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 168 shares of the company’s stock worth $197,000 after buying an additional 11 shares during the last quarter. Institutional investors own 80.83% of the company’s stock.

NYSE:CABO traded down $7.05 on Friday, hitting $1,296.94. 12,920 shares of the company’s stock traded hands, compared to its average volume of 30,741. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.68. Cable One has a 1 year low of $767.15 and a 1 year high of $1,321.49. The firm has a 50-day moving average price of $1,271.67 and a 200-day moving average price of $1,177.49. The company has a market cap of $7.44 billion, a PE ratio of 45.08 and a beta of 0.40.

About Cable One

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

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