Cable One (NYSE:CABO) Releases Earnings Results, Beats Estimates By $0.43 EPS

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Cable One (NYSE:CABO) posted its quarterly earnings results on Thursday. The company reported $8.68 EPS for the quarter, topping analysts’ consensus estimates of $8.25 by $0.43, Briefing.com reports. Cable One had a return on equity of 21.26% and a net margin of 14.10%. The company had revenue of $284.99 million during the quarter, compared to analysts’ expectations of $285.64 million. During the same quarter in the previous year, the firm earned $6.70 EPS. Cable One’s revenue was up 6.2% on a year-over-year basis.

Shares of CABO opened at $1,425.00 on Friday. Cable One has a 12-month low of $767.15 and a 12-month high of $1,436.97. The business has a 50-day simple moving average of $1,290.21 and a two-hundred day simple moving average of $1,210.26. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.68. The stock has a market cap of $7.59 billion, a PE ratio of 49.53 and a beta of 0.40.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Tuesday, November 19th will be issued a $2.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $9.00 dividend on an annualized basis and a yield of 0.63%. Cable One’s payout ratio is presently 31.28%.

A number of equities analysts have recently commented on the company. Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $1,506.00 price target for the company in a report on Monday, November 4th. B. Riley set a $1,400.00 target price on Cable One and gave the stock a “buy” rating in a report on Thursday, August 29th. KeyCorp reaffirmed an “overweight” rating and issued a $1,482.00 target price (up previously from $1,316.00) on shares of Cable One in a report on Wednesday, September 4th. ValuEngine cut Cable One from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Wolfe Research raised Cable One from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 23rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $1,321.60.

In other Cable One news, CEO Julia M. Laulis sold 668 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,279.79, for a total value of $854,899.72. Following the sale, the chief executive officer now owns 2,896 shares in the company, valued at approximately $3,706,271.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Michael E. Bowker sold 300 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,246.80, for a total value of $374,040.00. Following the completion of the sale, the chief operating officer now owns 1,718 shares in the company, valued at approximately $2,142,002.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,630 shares of company stock valued at $2,059,962. Insiders own 1.10% of the company’s stock.

Cable One Company Profile

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 for Cable One (NYSE:CABO)

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