Cable One (NYSE:CABO) Issues Earnings Results

Cable One (NYSE:CABO) posted its quarterly earnings data on Thursday. The company reported $8.68 earnings per share for the quarter, beating analysts’ consensus estimates of $8.25 by $0.43, Briefing.com reports. The company had revenue of $284.99 million during the quarter, compared to analysts’ expectations of $285.64 million. Cable One had a net margin of 14.10% and a return on equity of 21.26%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $6.70 EPS.

Shares of Cable One stock traded up $68.81 during trading on Friday, reaching $1,425.00. The company had a trading volume of 22,470 shares, compared to its average volume of 47,693. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 49.53 and a beta of 0.40. The firm’s fifty day moving average is $1,290.21 and its 200-day moving average is $1,210.26. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.09 and a current ratio of 1.09. Cable One has a fifty-two week low of $767.15 and a fifty-two week high of $1,436.97.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Tuesday, November 19th will be paid a $2.25 dividend. The ex-dividend date is Monday, November 18th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.63%. Cable One’s dividend payout ratio (DPR) is presently 31.28%.

CABO has been the subject of a number of analyst reports. B. Riley set a $1,400.00 price objective on shares of Cable One and gave the company a “buy” rating in a research report on Thursday, August 29th. Wolfe Research raised shares of Cable One from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 23rd. KeyCorp reissued an “overweight” rating and issued a $1,482.00 price objective (up from $1,316.00) on shares of Cable One in a research report on Wednesday, September 4th. Zacks Investment Research raised shares of Cable One from a “hold” rating to a “buy” rating and set a $1,506.00 price objective for the company in a research report on Monday, November 4th. Finally, ValuEngine cut shares of Cable One from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $1,321.60.

In other news, COO Michael E. Bowker sold 300 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,246.80, for a total value of $374,040.00. Following the sale, the chief operating officer now owns 1,718 shares in the company, valued at approximately $2,142,002.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Julia M. Laulis sold 668 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,279.79, for a total transaction of $854,899.72. Following the completion of the sale, the chief executive officer now owns 2,896 shares in the company, valued at approximately $3,706,271.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,630 shares of company stock worth $2,059,962. Company insiders own 1.10% of the company’s stock.

Cable One Company Profile

Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.

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Earnings History for Cable One (NYSE:CABO)

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