For its first fiscal quarter (ending March 31), Cable One Inc (NYSE: CABO) has reported a -16% decline in E.P.S. from $10.04 a year ago to $8.43 in the current quarter. E.P.S. were $45.78 for the latest four quarters through March 31 versus $20.40 for the same period a year ago — an increase of 124%.
Recent Price Action
On 5/2/24, Cable One Inc (NYSE: CABO) stock declined slightly by -0.2%, closing at $395.98. However, trading volume in this decline was below average at 69% of normal. The stock has declined -1.7% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CABO is expected to continue to be an important Value Builder.
Cable One has a current Value Trend Rating of F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Cable One has a neutral Appreciation Score of 57 but a very low Power Rating of 2, producing the Lowest Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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