Somewhat Positive News Coverage Somewhat Unlikely to Affect Cable One (CABO) Share Price
Headlines about Cable One (NYSE:CABO) have been trending somewhat positive recently, Accern reports. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cable One earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.3413486990127 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
CABO has been the subject of a number of research analyst reports. Raymond James Financial upped their target price on Cable One from $785.00 to $815.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $837.00 target price for the company in a research report on Thursday, August 10th. BidaskClub downgraded Cable One from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. SunTrust Banks restated a “buy” rating and issued a $815.00 target price on shares of Cable One in a research report on Friday, November 10th. Finally, J P Morgan Chase & Co downgraded Cable One from a “neutral” rating to an “underweight” rating in a research report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $705.00.
Cable One (NYSE CABO) traded up $8.81 on Friday, reaching $694.82. The company’s stock had a trading volume of 42,365 shares, compared to its average volume of 41,987. Cable One has a 12-month low of $564.26 and a 12-month high of $788.00. The firm has a market capitalization of $3,980.90, a P/E ratio of 33.93, a price-to-earnings-growth ratio of 10.46 and a beta of 0.20. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.34 and a quick ratio of 1.34.
Cable One (NYSE:CABO) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $5.20 by $0.28. Cable One had a return on equity of 23.97% and a net margin of 12.95%. The company had revenue of $253.85 million during the quarter, compared to the consensus estimate of $255.68 million. During the same quarter in the prior year, the firm earned $3.63 EPS. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. research analysts predict that Cable One will post 22.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Tuesday, November 21st will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.01%. Cable One’s dividend payout ratio (DPR) is presently 34.18%.
In other news, COO Michael E. Bowker sold 1,244 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $740.59, for a total transaction of $921,293.96. Following the completion of the sale, the chief operating officer now owns 7,104 shares in the company, valued at approximately $5,261,151.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin P. Coyle sold 450 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $740.91, for a total value of $333,409.50. Following the sale, the chief financial officer now owns 4,440 shares of the company’s stock, valued at approximately $3,289,640.40. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.
Cable One Company Profile
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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