Wall Street brokerage firms are Cable One, Inc. (NYSE: CABO) forecasts sales of $ 384.67 million this quarter. Zacks Investment Research.. Four analysts estimated CableOne’s revenue, with a minimum sales estimate of $ 374.22 million and a maximum estimate of $ 394.56 million. Cable One recorded sales of $ 328.3 million in the same quarter last year. This shows a positive growth rate of 17.2% year-on-year. The company plans to release its next quarterly earnings report on Thursday, August 5th.
Analysts estimate Cable One’s annual sales of $ 1.56 billion this year, with estimates ranging from $ 1.55 billion to $ 1.57 billion, according to Zacks. Analysts predict that the company will report $ 1.73 billion in sales for the next fiscal year, ranging from $ 1.68 billion to $ 1.81 billion. Zacks’ average sales are based on a survey of sell-side research analysts who follow CableOne.
Cable One (NYSE: CABO) announced its financial results on Thursday, May 6th. The company reported quarterly earnings per share (EPS) of $ 11.19, ahead of analysts’ consensus forecast of $ 10.22 by $ 0.97. Cable One had a return on equity of 17.70% and a net profit margin of 22.57%. The business’s fourth-quarter revenue was $ 341.3 million, compared to analysts’ estimated $ 337.61 million. In the same quarter of last year, the company made a profit of $ 12.05 per share. The company’s revenue for the quarter increased 6.3% compared to the same quarter last year.
Recently, many equity research analysts have published reports on CABO equities. Wells Fargo & Company began covering CableOne in a research note on Monday, March 22nd. They issued a “overweight” rating and a target price of $ 2,210.00 for the company. Zacks Investment Research In a survey note on Tuesday, May 11, we lowered CableOne from a “buy” rating to a “hold” rating. Two analysts evaluated the shares on hold ratings and five issued buy ratings on the company’s shares. Cable One has a consensus rating of “buy” and a consensus target price of $ 2,153.29.
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CABO stock It opened on Thursday for $ 1,951.13. The company’s current ratio is 7.16, quick ratio is 7.16, and debt equity ratio is 1.90. CableOne has a minimum annual price of $ 1,674.35 and a maximum annual price of $ 2,326.80. The company has a market capitalization of $ 11.78 billion, a price-earnings ratio of 38.77 and a beta of 0.51. The company’s 50-day moving average is $ 1,806.86.
The company also recently announced a quarterly dividend paid on Friday, June 18th. Registered shareholders on Tuesday, June 1, were paid a dividend of $ 2.50 per share. The ex-dividend date for this dividend was Friday, May 28th. That’s equivalent to an annual dividend of $ 10.00 and a yield of 0.51%. Cable One’s Dividend Payment Rate (DPR) is currently 22.48%.
In other news, CFO Steven Scott Cochrane bought 100 shares of the company in a transaction on Friday, May 14. Shares were purchased on average $ 1,745.02 per share, with a total transaction value of $ 174,502.00. After the transaction, the Chief Financial Officer now owns 2,478 shares worth $ 4,324,159.56. The purchase was disclosed in a legal document to the SEC. This link.. Insider Peter N. Witty also sold 605 shares of CableOne in a transaction on Friday, May 28th. The stock sold for an average price of $ 1,816.93 and a total price of $ 1,099,242.65. After closing the transaction, Insider now owns 2,309 shares of the company, worth approximately $ 4,195,291.37.Disclosure of this sale can be found Here.. In the last 90 days, insiders have sold 1,749 shares of the company worth $ 3,191,305. 1.10% of the shares are owned by insiders.
Institutional investors and hedge funds have recently changed their holdings in the company. Vantage Consulting Group Inc acquired a new stake in CableOne worth approximately $ 29,000 in the fourth quarter. Archer Investment Corp purchased approximately $ 38,000 worth of new CableOne shares in the fourth quarter. Penserra Capital Management LLC increased its stake in Cable One by 61.5% in the first quarter. Penserra Capital Management LLC owns 21 shares worth $ 38,000 after purchasing an additional 8 shares in the previous quarter. CWM LLC raised its stake in Cable One by 420.0% in the first quarter. CWM LLC owns 26 shares worth $ 48,000 after purchasing an additional 21 shares in the previous quarter. Finally, Permit Capital LLC raised its stake in Cable One by 142.9% in the first quarter. Permit Capital LLC owns 34 shares worth $ 65,000 after purchasing an additional 20 shares in the previous quarter. Institutional investors own 85.35% of the company’s stock.
CableOne Company Profile
Cable One, Inc., along with its subsidiaries, provides data, video and voice services in the United States. The company offers a home data service, a service that enhances Wi-Fi signals throughout the home. We also offer residential video services such as local networks. Programming of local communities, including government and public access. Digital video services including and other channels, as well as interactive electronic program guides with national and regional cable networks, music channels, and parental controls.
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Zacks: Securities companies are Cable One, Inc. (NYSE: CABO) expects to announce quarterly sales of $ 384.67 million.
Source link Zacks: Securities companies are Cable One, Inc. (NYSE: CABO) expects to announce quarterly sales of $ 384.67 million.
