Cable One (CABO) Announces Earnings Results, Misses Expectations By $1.14 EPS

Cable One (NYSE:CABO) released its quarterly earnings data on Wednesday. The company reported $6.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.84 by ($1.14), reports. The firm had revenue of $268.30 million for the quarter, compared to analyst estimates of $267.53 million. Cable One had a net margin of 24.78% and a return on equity of 22.84%. Cable One’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $5.48 EPS.

Cable One stock opened at $871.25 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 2.03 and a current ratio of 2.03. The stock has a market capitalization of $5.13 billion, a PE ratio of 40.32 and a beta of 0.26. Cable One has a 52 week low of $597.40 and a 52 week high of $924.31.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Tuesday, November 20th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Monday, November 19th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.92%. Cable One’s payout ratio is presently 37.02%.

In other news, Director Katharine Weymouth sold 254 shares of Cable One stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $834.30, for a total value of $211,912.20. Following the transaction, the director now directly owns 255 shares in the company, valued at $212,746.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

A number of analysts have weighed in on CABO shares. Zacks Investment Research cut Cable One from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Raymond James cut Cable One from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 19th. ValuEngine raised Cable One from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. B. Riley set a $860.00 price target on Cable One and gave the stock a “buy” rating in a research report on Monday, August 13th. Finally, SunTrust Banks cut Cable One from a “buy” rating to a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $838.00.

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Cable One Company Profile

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, 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 for Cable One (NYSE:CABO)

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