Brokerages expect Cable One Inc (NYSE:CABO) to announce $267.34 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Cable One’s earnings, with estimates ranging from $266.00 million to $269.02 million. Cable One posted sales of $253.85 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.3%. The firm is expected to report its next quarterly earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that Cable One will report full year sales of $1.07 billion for the current financial year. For the next financial year, analysts expect that the firm will post sales of $1.09 billion per share, with estimates ranging from $1.08 billion to $1.10 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Cable One.

Cable One (NYSE:CABO) last released its earnings results on Thursday, August 9th. The company reported $7.65 earnings per share for the quarter, missing the consensus estimate of $7.97 by ($0.32). Cable One had a net margin of 24.78% and a return on equity of 22.84%. The firm had revenue of $268.40 million during the quarter, compared to the consensus estimate of $265.76 million. During the same period in the prior year, the business posted $4.97 earnings per share. Cable One’s quarterly revenue was up 11.4% compared to the same quarter last year.

A number of equities analysts have commented on CABO shares. Zacks Investment Research cut shares of Cable One from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 15th. ValuEngine downgraded Cable One from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. B. Riley set a $860.00 target price on Cable One and gave the stock a “buy” rating in a report on Monday, August 13th. Finally, KeyCorp started coverage on Cable One in a report on Wednesday, May 16th. They set an “equal weight” rating for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $821.00.

In related news, major shareholder Donald Graham sold 4,316 shares of the business’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $662.60, for a total value of $2,859,781.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 10,214 shares of company stock valued at $6,727,249. 1.10% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Cable One by 1.8% in the first quarter. BlackRock Inc. now owns 394,093 shares of the company’s stock valued at $270,785,000 after acquiring an additional 7,012 shares during the last quarter. Renaissance Technologies LLC grew its position in Cable One by 1.5% in the second quarter. Renaissance Technologies LLC now owns 199,600 shares of the company’s stock valued at $146,365,000 after acquiring an additional 2,900 shares during the last quarter. Macquarie Group Ltd. grew its position in Cable One by 1.0% in the second quarter. Macquarie Group Ltd. now owns 93,793 shares of the company’s stock valued at $68,777,000 after acquiring an additional 888 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Cable One by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 76,719 shares of the company’s stock valued at $56,259,000 after acquiring an additional 4,588 shares during the last quarter. Finally, FMR LLC grew its position in Cable One by 6,904.6% in the second quarter. FMR LLC now owns 35,093 shares of the company’s stock valued at $25,733,000 after acquiring an additional 34,592 shares during the last quarter. 77.09% of the stock is owned by institutional investors and hedge funds.

CABO stock traded down $3.00 during midday trading on Tuesday, reaching $836.60. 292 shares of the company were exchanged, compared to its average volume of 39,353. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.03 and a quick ratio of 2.03. Cable One has a one year low of $597.40 and a one year high of $845.35. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 38.83, a price-to-earnings-growth ratio of 9.06 and a beta of 0.20.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Tuesday, August 21st will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Monday, August 20th. This is an increase from Cable One’s previous quarterly dividend of $1.75. Cable One’s payout ratio is 37.02%.

About Cable One

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

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