Cable One (NYSE:CABO) Posts Quarterly Earnings Results, Misses Expectations By $2.67 EPS

Cable One (NYSE:CABO) posted its quarterly earnings data on Thursday. The company reported $8.11 EPS for the quarter, missing analysts’ consensus estimates of $10.78 by ($2.67), Briefing.com reports. The company had revenue of $404.30 million for the quarter, compared to the consensus estimate of $408.79 million. Cable One had a return on equity of 12.96% and a net margin of 15.50%. Cable One’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the business earned $9.62 EPS.

Cable One Stock Down 4.4 %

CABO traded down $17.53 during trading on Friday, hitting $378.45. 162,639 shares of the company’s stock were exchanged, compared to its average volume of 175,238. The stock has a market cap of $2.13 billion, a P/E ratio of 8.66 and a beta of 0.80. The business’s 50 day moving average is $419.75 and its two-hundred day moving average is $500.69. Cable One has a fifty-two week low of $369.13 and a fifty-two week high of $749.00. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.94.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Friday, February 16th. Cable One’s payout ratio is currently 27.02%.

Wall Street Analysts Forecast Growth

CABO has been the subject of several recent analyst reports. KeyCorp cut their target price on Cable One from $900.00 to $881.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Wells Fargo & Company decreased their price target on Cable One from $400.00 to $350.00 and set an “underweight” rating for the company in a research note on Friday. Moffett Nathanson raised Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price objective on the stock in a research note on Tuesday, March 5th. Finally, TD Cowen reduced their price objective on shares of Cable One from $650.00 to $456.00 and set a “hold” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $590.83.

Insider Activity

In other Cable One news, insider Christopher D. Boone sold 204 shares of Cable One stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total transaction of $93,840.00. Following the completion of the transaction, the insider now owns 1,854 shares in the company, valued at approximately $852,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Cable One Company Profile

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.