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

Cable One (NYSE:CABO) posted its earnings results 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 business had revenue of $404.30 million for the quarter, compared to analyst estimates of $408.79 million. Cable One had a net margin of 15.50% and a return on equity of 12.96%. 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 earnings per share.

Cable One Trading Down 4.4 %

CABO stock traded down $17.53 during trading on Friday, reaching $378.45. 162,639 shares of the stock traded hands, compared to its average volume of 175,238. The firm has a market capitalization of $2.13 billion, a PE ratio of 8.66 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. The business’s 50 day moving average price is $419.75 and its 200-day moving average price is $500.69. Cable One has a 52-week low of $369.13 and a 52-week high of $749.00.

Cable One Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were issued a dividend of $2.95 per share. The ex-dividend date was Friday, February 16th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.12%. Cable One’s payout ratio is 27.02%.

Insider Activity

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

Wall Street Analyst Weigh In

Several analysts have commented on CABO shares. 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 report on Tuesday, March 5th. TD Cowen cut their target price on Cable One from $650.00 to $456.00 and set a “hold” rating on the stock in a research report on Friday. Wells Fargo & Company lowered their target price 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. Finally, KeyCorp dropped their target price on Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $590.83.

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.