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

Cable One (NYSE:CABO) will be issuing its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $10.78 per share for the quarter. Parties that are interested in participating in 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 the consensus estimate of $12.86 by ($2.20). Cable One had a net margin of 15.94% and a return on equity of 13.65%. The firm had revenue of $411.82 million during 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

Cable One stock opened at $402.70 on Thursday. The business has a 50 day moving average of $433.79 and a 200-day moving average of $512.98. Cable One has a 1 year low of $373.37 and a 1 year high of $768.75. 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 company has a market capitalization of $2.26 billion, a P/E ratio of 8.91 and a beta of 0.80.

Cable One Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Friday, February 16th. Cable One’s payout ratio is presently 26.12%.

Insiders Place Their Bets

In other Cable One news, insider Christopher D. Boone sold 204 shares of the 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 directly 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 link. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CABO. Moffett Nathanson upgraded Cable One from a “neutral” rating to a “buy” rating and set a $615.00 target price on the stock in a report on Tuesday, March 5th. Wells Fargo & Company reduced their target price on Cable One from $460.00 to $400.00 and set an “underweight” rating on the stock in a report on Friday, April 5th. Finally, KeyCorp reduced 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 research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Cable One currently has an average rating of “Hold” and an average price target 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.