Cable One (NYSE:CABO) Announces Earnings Results, Misses Estimates By $8.38 EPS

Cable One (NYSE:CABO) issued its quarterly earnings results on Thursday. The company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $9.91 by ($8.38), Zacks reports. Cable One had a return on equity of 10.98% and a net margin of 15.86%.

Cable One Stock Up 2.2 %

Shares of Cable One stock traded up $5.72 during trading on Thursday, hitting $266.81. 215,438 shares of the stock traded hands, compared to its average volume of 124,440. The stock has a market cap of $1.50 billion, a P/E ratio of 6.17 and a beta of 0.90. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. Cable One has a twelve month low of $257.59 and a twelve month high of $475.00. The company has a fifty day moving average price of $322.08 and a two-hundred day moving average price of $350.59.

Cable One Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $2.95 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $11.80 annualized dividend and a dividend yield of 4.42%. Cable One’s dividend payout ratio is 27.29%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their price target on Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. One equities research analyst has 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 MarketBeat, Cable One presently has an average rating of “Hold” and a consensus target price of $554.40.

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.