Zacks: Cable One Inc. (NYSE:CABO) Receives Consensus Rating of “Hold” from Brokerages
Cable One Inc. (NYSE:CABO) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also given Cable One an industry rank of 70 out of 265 based on the ratings given to its competitors.
A number of analysts have recently commented on CABO shares. TheStreet started coverage on shares of Cable One in a research report on Wednesday, July 13th. They issued a “hold” rating on the stock. Zacks Investment Research lowered shares of Cable One from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th.
Shares of Cable One (NYSE:CABO) traded up 2.38% during mid-day trading on Tuesday, reaching $576.80. 38,875 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $538.68 and its 200-day moving average is $494.98. Cable One has a 52-week low of $390.00 and a 52-week high of $577.99. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 33.93 and a beta of 0.30.
Cable One (NYSE:CABO) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $4.62 EPS for the quarter, topping the Zacks’ consensus estimate of $4.43 by $0.19. The business had revenue of $204.56 million for the quarter, compared to analyst estimates of $202.03 million. Cable One had a net margin of 12.26% and a return on equity of 23.07%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.67 earnings per share. On average, equities analysts expect that Cable One will post $19.68 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Tuesday, August 16th were issued a dividend of $1.50 per share. The ex-dividend date was Friday, August 12th. This represents a $6.00 dividend on an annualized basis and a yield of 1.06%. Cable One’s payout ratio is 35.27%.
Institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Cable One during the fourth quarter worth $18,566,000. Teachers Advisors Inc. increased its position in shares of Cable One by 5.3% in the first quarter. Teachers Advisors Inc. now owns 3,059 shares of the company’s stock worth $1,337,000 after buying an additional 154 shares during the last quarter. BlackRock Inc. increased its position in shares of Cable One by 5.4% in the first quarter. BlackRock Inc. now owns 6,909 shares of the company’s stock worth $3,021,000 after buying an additional 355 shares during the last quarter. BlackRock Group LTD increased its position in shares of Cable One by 1.3% in the first quarter. BlackRock Group LTD now owns 12,490 shares of the company’s stock worth $5,460,000 after buying an additional 161 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Cable One by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 120,515 shares of the company’s stock worth $52,681,000 after buying an additional 886 shares during the last quarter. Institutional investors and hedge funds own 69.65% of the company’s stock.
About Cable One
Cable One, Inc is a provider of data, video and voice services in approximately 20 Western, Midwestern and Southern states. The Company’s products include Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. It provides these broadband services to residential and business customers in approximately 40 cable systems covering over 400 cities and towns.
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