Cable One (CABO) Scheduled to Post Quarterly Earnings on Thursday

Cable One (NYSE:CABO) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Cable One to post earnings of $9.93 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20). Cable One had a return on equity of 12.04% and a net margin of 15.31%. The business had revenue of $394.46 million for the quarter, compared to analyst estimates of $400.64 million. During the same period in the prior year, the company earned $10.43 EPS. The company’s revenue was down 7.0% on a year-over-year basis. 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 Price Performance

Cable One stock opened at $336.89 on Thursday. The company has a market cap of $1.89 billion, a P/E ratio of 7.71 and a beta of 0.84. Cable One has a one year low of $311.28 and a one year high of $618.44. The business has a fifty day moving average of $344.33 and a two-hundred day moving average of $363.47. 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 Announces Dividend

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

Analyst Ratings Changes

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

Cable One Company Profile

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.