$255.78 Million in Sales Expected for Cable One, Inc. (CABO) This Quarter
Equities research analysts expect that Cable One, Inc. (NYSE:CABO) will announce sales of $255.78 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Cable One’s earnings. The lowest sales estimate is $255.20 million and the highest is $256.44 million. Cable One reported sales of $205.54 million during the same quarter last year, which indicates a positive year over year growth rate of 24.4%. The company is scheduled to report its next earnings report before the market opens on Wednesday, November 8th.
On average, analysts expect that Cable One will report full-year sales of $255.78 million for the current year, with estimates ranging from $959.14 million to $1.03 billion. For the next year, analysts forecast that the firm will report sales of $1.04 billion per share, with estimates ranging from $1.04 billion to $1.05 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Cable One.
Cable One (NYSE:CABO) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $4.97 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.10 by ($0.13). The firm had revenue of $241.00 million for the quarter, compared to analyst estimates of $247.02 million. Cable One had a return on equity of 22.83% and a net margin of 12.44%. The business’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.62 EPS.
A number of analysts recently weighed in on CABO shares. Zacks Investment Research lowered shares of Cable One from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 4th. Raymond James Financial, Inc. upped their target price on shares of Cable One from $785.00 to $815.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Finally, BidaskClub lowered shares of Cable One from a “buy” rating to a “hold” rating in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $693.75.
Cable One (NYSE CABO) traded up 1.63% during mid-day trading on Wednesday, hitting $744.49. 24,682 shares of the company traded hands. The firm has a 50 day moving average of $737.00 and a 200 day moving average of $716.62. Cable One has a one year low of $563.46 and a one year high of $788.00. The firm has a market capitalization of $4.26 billion, a P/E ratio of 39.98 and a beta of 0.27.
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In related news, major shareholder Donald Graham purchased 8,187 shares of the business’s stock in a transaction on Friday, July 28th. The stock was acquired at an average price of $742.52 per share, with a total value of $6,079,011.24. Following the purchase, the insider now directly owns 279,733 shares in the company, valued at $207,707,347.16. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Michael E. Bowker sold 1,244 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $740.59, for a total transaction of $921,293.96. Following the completion of the transaction, the chief operating officer now directly owns 7,104 shares of the company’s stock, valued at approximately $5,261,151.36. The disclosure for this sale can be found here. In the last three months, insiders sold 2,561 shares of company stock valued at $1,893,119. Corporate insiders own 1.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its stake in shares of Cable One by 28.3% in the 2nd quarter. Victory Capital Management Inc. now owns 163 shares of the company’s stock valued at $116,000 after purchasing an additional 36 shares in the last quarter. US Bancorp DE boosted its stake in shares of Cable One by 16.2% in the 1st quarter. US Bancorp DE now owns 230 shares of the company’s stock valued at $144,000 after purchasing an additional 32 shares in the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Cable One in the 2nd quarter valued at $209,000. Stonebridge Capital Management Inc. purchased a new stake in shares of Cable One in the 2nd quarter valued at $213,000. Finally, Usca Ria LLC purchased a new stake in shares of Cable One in the 2nd quarter valued at $213,000. 70.34% of the stock is owned by institutional investors and hedge funds.
Cable One Company Profile
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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