Wall Street analysts expect Cable One Inc (NYSE:CABO) to report $257.86 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Cable One’s earnings. The highest sales estimate is $259.70 million and the lowest is $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 scheduled to issue its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Cable One will report full year sales of $257.86 million for the current fiscal year, with estimates ranging from $1.03 billion to $1.06 billion. For the next fiscal year, analysts forecast that the firm will report 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 a mean average based on a survey of sell-side research analysts that that provide coverage for Cable One.
Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, March 1st. The company reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.87 by ($0.09). Cable One had a return on equity of 23.21% and a net margin of 24.63%. The business had revenue of $257.71 million during the quarter, compared to the consensus estimate of $254.91 million. The firm’s revenue was up 24.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.23 earnings per share.
Cable One (NYSE:CABO) traded up $13.34 during mid-day trading on Thursday, hitting $717.99. The stock had a trading volume of 35,425 shares, compared to its average volume of 42,937. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $4,116.52, a PE ratio of 17.45, a P/E/G ratio of 8.66 and a beta of 0.23. Cable One has a 52 week low of $616.06 and a 52 week high of $788.00.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Tuesday, February 20th were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $7.00 annualized dividend and a dividend yield of 0.97%. Cable One’s dividend payout ratio is currently 17.02%.
In related news, Chairman Thomas O. Might sold 2,793 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $676.44, for a total transaction of $1,889,296.92. Following the completion of the transaction, the chairman now directly owns 37,702 shares of the company’s stock, valued at $25,503,140.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas O. Might sold 6,288 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $681.20, for a total value of $4,283,385.60. Following the transaction, the insider now directly owns 37,702 shares of the company’s stock, valued at $25,682,602.40. The disclosure for this sale can be found here. Insiders have sold 11,904 shares of company stock valued at $8,223,705 over the last ninety days. 1.30% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Paloma Partners Management Co acquired a new position in Cable One during the fourth quarter valued at approximately $212,000. LVW Advisors LLC bought a new stake in Cable One in the fourth quarter valued at approximately $214,000. State of Alaska Department of Revenue bought a new stake in Cable One in the fourth quarter valued at approximately $281,000. Quantitative Systematic Strategies LLC bought a new stake in Cable One in the fourth quarter valued at approximately $298,000. Finally, Dean Capital Investments Management LLC bought a new stake in Cable One in the fourth quarter valued at approximately $306,000. 75.50% of the stock is owned by hedge funds and other institutional investors.
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About Cable One
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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