Cable One (CABO) Set to Announce Earnings on Thursday

Cable One (NYSE:CABO) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Cable One to post earnings of $9.93 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.36 by ($2.20). Cable One had a return on equity of 12.04% and a net margin of 15.31%. The firm had revenue of $394.46 million for the quarter, compared to analysts’ expectations of $400.64 million. During the same period in the previous year, the business posted $10.43 EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, analysts expect Cable One to post $31 EPS for the current fiscal year and $40 EPS for the next fiscal year.

Cable One Stock Down 0.3 %

Cable One stock opened at $336.89 on Thursday. The stock has a 50-day simple moving average of $344.33 and a 200-day simple moving average of $363.47. The company has a market capitalization of $1.89 billion, a P/E ratio of 7.71 and a beta of 0.84. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.81 and a current ratio of 1.81. Cable One has a fifty-two week low of $311.28 and a fifty-two week high of $618.44.

Cable One Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Tuesday, August 27th. Cable One’s dividend payout ratio is currently 27.02%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price target on shares of Cable One from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Cable One has a consensus rating of “Hold” and an average target price of $533.33.

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.