Cable One (NYSE:CABO) Issues Earnings Results

Cable One (NYSE:CABO) issued its quarterly earnings data on Thursday. The company reported ($204.35) EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($208.49), FiscalAI reports. The company had revenue of $348.93 million for the quarter, compared to the consensus estimate of $349.86 million. Cable One had a positive return on equity of 5.36% and a negative net margin of 21.94%.

Cable One Trading Up 2.7%

Shares of NYSE:CABO traded up $1.19 during trading on Thursday, hitting $44.56. 188,770 shares of the company’s stock were exchanged, compared to its average volume of 192,644. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.09. The firm has a market cap of $252.64 million, a P/E ratio of -0.76 and a beta of 0.54. The firm has a 50-day moving average price of $44.01 and a two-hundred day moving average price of $73.80. Cable One has a 1-year low of $33.38 and a 1-year high of $180.74.

Analyst Upgrades and Downgrades

CABO has been the topic of a number of research reports. Wells Fargo & Company reduced their target price on shares of Cable One from $90.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, May 1st. TD Cowen dropped their price objective on shares of Cable One from $142.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, May 1st. BNP Paribas Exane raised Cable One from an “underperform” rating to a “neutral” rating and reduced their price objective for the stock from $60.00 to $40.00 in a report on Tuesday, July 14th. Zacks Research upgraded Cable One from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research report on Friday, July 17th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $91.50.

Hedge Funds Weigh In On Cable One

A number of hedge funds and other institutional investors have recently bought and sold shares of CABO. Corient Private Wealth LLC acquired a new stake in Cable One during the 4th quarter worth $927,000. State of Tennessee Department of Treasury lifted its stake in shares of Cable One by 207.1% in the 4th quarter. State of Tennessee Department of Treasury now owns 3,507 shares of the company’s stock valued at $396,000 after purchasing an additional 2,365 shares during the period. Empowered Funds LLC boosted its position in shares of Cable One by 8.9% in the 4th quarter. Empowered Funds LLC now owns 24,724 shares of the company’s stock worth $2,790,000 after purchasing an additional 2,016 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Cable One during the fourth quarter worth $1,288,000. Finally, VARCOV Co. acquired a new stake in shares of Cable One during the fourth quarter worth $228,000. 89.92% of the stock is owned by institutional investors.

Cable One Company Profile

Cable One, Inc (NYSE:CABO) is an American provider of broadband communications services, offering a suite of residential and business solutions over a hybrid fiber-coaxial network. The company delivers high-speed internet access, digital video, voice communications and mobile services, alongside advanced managed Wi-Fi and cybersecurity tools. Cable One’s infrastructure supports both traditional cable offerings and converged IP-based platforms designed to meet evolving customer needs.

In addition to consumer-focused services, Cable One caters to small and medium-sized enterprises with dedicated business-class connectivity, Ethernet solutions and cloud-based voice applications.