Cable One (CABO) to Release Earnings on Thursday

Cable One (NYSE:CABO) is scheduled to be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Cable One to post earnings of $10.78 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, February 22nd. The company reported $10.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.86 by ($2.20). Cable One had a return on equity of 13.65% and a net margin of 15.94%. The company had revenue of $411.82 million for the quarter, compared to analyst estimates of $417.66 million. On average, analysts expect Cable One to post $43 EPS for the current fiscal year and $45 EPS for the next fiscal year.

Cable One Stock Performance

Shares of Cable One stock opened at $398.57 on Tuesday. The company’s 50 day moving average price is $426.22 and its two-hundred day moving average price is $505.97. The firm has a market capitalization of $2.24 billion, a P/E ratio of 8.82 and a beta of 0.80. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.69 and a quick ratio of 1.69. Cable One has a fifty-two week low of $373.37 and a fifty-two week high of $768.75.

Cable One Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Friday, February 16th. Cable One’s dividend payout ratio (DPR) is 26.12%.

Insider Buying and Selling at Cable One

In related news, insider Christopher D. Boone sold 204 shares of Cable One stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total transaction of $93,840.00. Following the transaction, the insider now owns 1,854 shares of the company’s stock, valued at $852,840. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CABO shares. KeyCorp lowered their price objective 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. Moffett Nathanson raised shares of Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price target for the company in a research note on Tuesday, March 5th. Finally, Wells Fargo & Company reduced their price target on Cable One from $460.00 to $400.00 and set an “underweight” rating on the stock in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Cable One presently has a consensus rating of “Hold” and a consensus target price of $627.80.

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.