Cable One (CABO) Set to Announce Quarterly Earnings on Thursday

Cable One (NYSE:CABO) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Cable One to post earnings of $10.78 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Cable One (NYSE:CABO) last released its earnings results on Thursday, February 22nd. The company reported $10.66 earnings per share 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 business had revenue of $411.82 million during the quarter, compared to analysts’ expectations 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 CABO stock opened at $402.70 on Thursday. Cable One has a one year low of $373.37 and a one year high of $768.75. The company’s 50-day moving average is $433.79 and its 200 day moving average is $512.98. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 8.91 and a beta of 0.80. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.69 and a current ratio of 1.69.

Cable One Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 2.93%. 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 other Cable One news, insider Christopher D. Boone sold 204 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were 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 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 this hyperlink. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

CABO has been the topic of several recent analyst reports. Moffett Nathanson raised shares of Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price objective on the stock in a research report on Tuesday, March 5th. Wells Fargo & Company cut their price objective on shares of Cable One from $460.00 to $400.00 and set an “underweight” rating on the stock in a research report on Friday, April 5th. Finally, KeyCorp cut their price objective on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.