Cable One (NYSE:CABO) will announce its earnings results after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of $7.93 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, August 9th. The company reported $7.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.97 by ($0.32). The company had revenue of $268.40 million for the quarter, compared to analyst estimates of $265.76 million. Cable One had a return on equity of 22.84% and a net margin of 24.78%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company posted $4.97 earnings per share. On average, analysts expect Cable One to post $31 EPS for the current fiscal year and $34 EPS for the next fiscal year.
Shares of NYSE:CABO opened at $902.10 on Tuesday. The firm has a market cap of $5.13 billion, a PE ratio of 34.60 and a beta of 0.26. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.03 and a quick ratio of 2.03. Cable One has a 52-week low of $597.40 and a 52-week high of $911.99.
Several research analysts have recently issued reports on CABO shares. Raymond James downgraded shares of Cable One from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 19th. ValuEngine upgraded shares of Cable One from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Cable One from a “hold” rating to a “buy” rating and set a $936.00 price target for the company in a report on Monday, October 15th. Finally, B. Riley set a $860.00 price objective on Cable One and gave the company a “buy” rating in a report on Monday, August 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $838.00.
In related news, Director Katharine Weymouth sold 254 shares of the stock in a transaction on Friday, August 31st. The stock was sold at an average price of $834.30, for a total value of $211,912.20. Following the completion of the sale, the director now directly owns 255 shares in the company, valued at $212,746.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.
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Cable One Company Profile
Cable One, Inc owns and operates cable systems that provide data, video, and voice services in the United States. The company offers data services, including home.cableone.net, an Internet portal that provides various email addresses; and WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home.
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