Zacks: Analysts Anticipate Cable One Inc (NYSE:CABO) Will Post Earnings of $9.61 Per Share

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Equities analysts expect that Cable One Inc (NYSE:CABO) will post earnings of $9.61 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Cable One’s earnings, with the highest EPS estimate coming in at $9.86 and the lowest estimate coming in at $9.00. Cable One reported earnings per share of $7.34 in the same quarter last year, which would suggest a positive year over year growth rate of 30.9%. The firm is scheduled to issue its next earnings report on Wednesday, February 26th.

According to Zacks, analysts expect that Cable One will report full-year earnings of $31.40 per share for the current fiscal year, with EPS estimates ranging from $30.81 to $31.67. For the next year, analysts anticipate that the company will report earnings of $41.22 per share, with EPS estimates ranging from $37.25 to $43.86. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Cable One.

Cable One (NYSE:CABO) last released its quarterly earnings results on Thursday, November 7th. The company reported $8.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.25 by $0.43. Cable One had a net margin of 14.92% and a return on equity of 22.55%. The firm had revenue of $284.99 million during the quarter, compared to analyst estimates of $285.64 million. During the same quarter in the prior year, the firm earned $6.70 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year.

A number of analysts have commented on CABO shares. Zacks Investment Research raised shares of Cable One from a “hold” rating to a “buy” rating and set a $1,506.00 target price for the company in a report on Monday, November 4th. KeyCorp reiterated an “overweight” rating and set 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. B. Riley lifted their price target on shares of Cable One from $1,400.00 to $1,490.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, ValuEngine downgraded shares of Cable One from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $1,339.60.

In related news, Director Katharine Weymouth sold 228 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $1,509.50, for a total value of $344,166.00. Following the completion of the sale, the director now directly owns 337 shares of the company’s stock, valued at approximately $508,701.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Julia M. Laulis sold 668 shares of the 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 directly owns 2,896 shares of the company’s stock, valued at $3,706,271.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,558 shares of company stock worth $2,030,088. Insiders own 1.10% of the company’s stock.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of Cable One by 0.4% in the second quarter. BlackRock Inc. now owns 431,907 shares of the company’s stock worth $505,760,000 after purchasing an additional 1,900 shares in the last quarter. Renaissance Technologies LLC increased its stake in Cable One by 8.4% in the 2nd quarter. Renaissance Technologies LLC now owns 278,600 shares of the company’s stock worth $326,238,000 after buying an additional 21,700 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd purchased a new stake in Cable One in the 2nd quarter worth $186,967,000. William Blair Investment Management LLC increased its stake in Cable One by 39.7% in the 2nd quarter. William Blair Investment Management LLC now owns 132,761 shares of the company’s stock worth $155,462,000 after buying an additional 37,728 shares in the last quarter. Finally, State Street Corp raised its holdings in Cable One by 2.2% during the third quarter. State Street Corp now owns 123,138 shares of the company’s stock valued at $154,501,000 after acquiring an additional 2,688 shares during the period. 81.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of CABO traded up $1.57 on Wednesday, reaching $1,532.30. The company’s stock had a trading volume of 13,747 shares, compared to its average volume of 46,122. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $8.74 billion, a P/E ratio of 53.26 and a beta of 0.45. The stock’s 50 day simple moving average is $1,424.48 and its two-hundred day simple moving average is $1,270.12. Cable One has a 12-month low of $767.15 and a 12-month high of $1,569.74.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Tuesday, November 19th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Monday, November 18th. Cable One’s dividend payout ratio (DPR) is currently 31.28%.

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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