Brokerages forecast that Cable One Inc (NYSE:CABO) will announce earnings of $7.95 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Cable One’s earnings. The lowest EPS estimate is $6.44 and the highest is $9.10. Cable One posted earnings per share of $7.65 during the same quarter last year, which suggests a positive year over year growth rate of 3.9%. The business is expected to report its next quarterly earnings report on Thursday, August 8th.

According to Zacks, analysts expect that Cable One will report full year earnings of $31.72 per share for the current financial year, with EPS estimates ranging from $26.47 to $35.57. For the next year, analysts expect that the company will post earnings of $36.97 per share, with EPS estimates ranging from $30.60 to $41.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Cable One.

Cable One (NYSE:CABO) last released its earnings results on Thursday, May 9th. The company reported $6.78 earnings per share for the quarter, missing the consensus estimate of $8.10 by ($1.32). The company had revenue of $278.61 million for the quarter, compared to analysts’ expectations of $279.23 million. Cable One had a return on equity of 22.57% and a net margin of 15.01%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $7.08 EPS.

Several research firms have weighed in on CABO. Zacks Investment Research raised shares of Cable One from a “hold” rating to a “buy” rating and set a $1,065.00 target price on the stock in a research report on Tuesday, March 5th. SunTrust Banks boosted their target price on shares of Cable One to $1,020.00 and gave the stock a “hold” rating in a research report on Friday, May 10th. They noted that the move was a valuation call. B. Riley boosted their target price on shares of Cable One from $990.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. KeyCorp reissued an “overweight” rating and set a $1,115.00 target price (up previously from $1,025.00) on shares of Cable One in a research report on Thursday, February 28th. They noted that the move was a valuation call. Finally, Raymond James reissued a “hold” rating on shares of Cable One in a research report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Cable One presently has a consensus rating of “Hold” and an average price target of $1,098.50.

In other news, major shareholder Donald Graham sold 6,900 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $926.14, for a total value of $6,390,366.00. Following the sale, the insider now directly owns 18,194 shares of the company’s stock, valued at approximately $16,850,191.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in CABO. Loeb Partners Corp purchased a new stake in shares of Cable One in the 4th quarter valued at $39,000. Cresset Asset Management LLC purchased a new stake in shares of Cable One in the 1st quarter valued at $83,000. Quadrant Capital Group LLC boosted its holdings in shares of Cable One by 683.3% in the 1st quarter. Quadrant Capital Group LLC now owns 94 shares of the company’s stock valued at $91,000 after acquiring an additional 82 shares during the last quarter. Hanseatic Management Services Inc. purchased a new stake in shares of Cable One in the 4th quarter valued at $106,000. Finally, First Hawaiian Bank boosted its holdings in shares of Cable One by 512.0% in the 4th quarter. First Hawaiian Bank now owns 153 shares of the company’s stock valued at $125,000 after acquiring an additional 128 shares during the last quarter. 79.33% of the stock is currently owned by institutional investors and hedge funds.

NYSE:CABO opened at $1,112.19 on Monday. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 38.66 and a beta of 0.51. Cable One has a twelve month low of $640.40 and a twelve month high of $1,120.34. The company has a current ratio of 1.72, a quick ratio of 2.38 and a debt-to-equity ratio of 1.80.

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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