Cable One (NYSE:CABO) Releases Earnings Results

Key Points

• Cable One reported a sharp earnings miss, posting quarterly EPS of ($204.35) versus the $4.14 consensus estimate. Revenue was $348.93 million, slightly below expectations of $349.86 million, while net margin was negative 21.94%.
• Shares rose $1.19 to $44.56, but remain well below the 200-day moving average of $73.80 and the 12-month high of $180.74. The stock has a market capitalization of about $252.6 million and a negative price-to-earnings ratio.
• Analyst sentiment remains cautious, with a consensus rating of “Reduce” and an average price target of $91.50 after several firms lowered their targets. Institutional investors and hedge funds own approximately 89.92% of the company.

Cable One (NYSE:CABO - Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($204.35) earnings per share for the quarter, missing the consensus estimate of $4.14 by ($208.49), FiscalAI reports. The firm had revenue of $348.93 million for the quarter, compared to analyst estimates of $349.86 million. Cable One had a positive return on equity of 5.36% and a negative net margin of 21.94%.

Cable One Price Performance

Shares of NYSE:CABO traded up $1.19 on Thursday, hitting $44.56. The stock had a trading volume of 188,770 shares, compared to its average volume of 192,644. The firm's 50 day moving average price is $44.01 and its 200-day moving average price is $73.80. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.75 and a current ratio of 1.75. Cable One has a twelve month low of $33.38 and a twelve month high of $180.74. The company has a market capitalization of $252.64 million, a price-to-earnings ratio of -0.76 and a beta of 0.54.

Analyst Ratings Changes

CABO has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of Cable One from $90.00 to $70.00 and set an "underweight" rating on the stock in a research note on Friday, May 1st. BNP Paribas Exane raised shares of Cable One from an "underperform" rating to a "neutral" rating and reduced their price objective for the stock from $60.00 to $40.00 in a report on Tuesday, July 14th. TD Cowen decreased their target price on shares of Cable One from $142.00 to $111.00 and set a "hold" rating on the stock in a research report on Friday, May 1st. Zacks Research raised shares of Cable One from a "strong sell" rating to a "hold" rating in a research note on Friday, July 3rd. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Cable One in a research report on Friday, July 17th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $91.50.

Hedge Funds Weigh In On Cable One

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in shares of Cable One by 172.6% in the 1st quarter. AQR Capital Management LLC now owns 16,947 shares of the company's stock worth $4,482,000 after acquiring an additional 10,731 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cable One by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company's stock valued at $893,000 after purchasing an additional 151 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Cable One by 16.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,268 shares of the company's stock valued at $4,589,000 after purchasing an additional 2,467 shares during the last quarter. Creative Planning boosted its stake in Cable One by 59.7% in the second quarter. Creative Planning now owns 3,238 shares of the company's stock worth $440,000 after purchasing an additional 1,210 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Cable One by 16,600.0% during the second quarter. Federated Hermes Inc. now owns 1,002 shares of the company's stock worth $136,000 after purchasing an additional 996 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

About Cable One

Cable One, Inc NYSE: CABO is an American provider of broadband communications services, offering a suite of residential and business solutions over a hybrid fiber-coaxial network. The company delivers high-speed internet access, digital video, voice communications and mobile services, alongside advanced managed Wi-Fi and cybersecurity tools. Cable One's infrastructure supports both traditional cable offerings and converged IP-based platforms designed to meet evolving customer needs.

In addition to consumer-focused services, Cable One caters to small and medium-sized enterprises with dedicated business-class connectivity, Ethernet solutions and cloud-based voice applications.

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