Cable One (NYSE:CABO) Releases Earnings Results, Misses Estimates By $2.20 EPS

Cable One (NYSE:CABO) released its earnings results on Thursday. The company reported $8.16 EPS for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20), Briefing.com reports. The business had revenue of $394.46 million during the quarter, compared to analyst estimates of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 11.84%. Cable One’s revenue was down 7.0% compared to the same quarter last year. During the same period last year, the business posted $10.43 EPS.

Cable One Trading Down 2.5 %

Shares of NYSE:CABO traded down $10.31 during trading on Friday, reaching $394.25. 99,725 shares of the stock were exchanged, compared to its average volume of 129,299. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 9.06 and a beta of 0.83. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.86 and a current ratio of 1.86. Cable One has a 12-month low of $318.68 and a 12-month high of $732.15. The firm’s 50-day moving average price is $362.30 and its 200 day moving average price is $416.50.

Cable One Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th were issued a dividend of $2.95 per share. The ex-dividend date was Friday, May 24th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 2.99%. Cable One’s payout ratio is 27.02%.

Insiders Place Their Bets

In related news, Director Wallace R. Weitz purchased 1,000 shares of Cable One stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average cost of $369.98 per share, with a total value of $369,980.00. Following the transaction, the director now owns 4,565 shares of the company’s stock, valued at approximately $1,688,958.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by insiders.

Analysts Set New Price Targets

CABO has been the subject of several research reports. TD Cowen cut their price target on Cable One from $650.00 to $456.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Wells Fargo & Company dropped their price objective on shares of Cable One from $400.00 to $350.00 and set an “underweight” rating for the company in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $590.83.

About Cable One

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.