News stories about Cable One (NYSE:CABO) have been trending positive on Thursday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cable One earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.7095667136051 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Cable One stock traded down $10.95 during midday trading on Thursday, reaching $682.50. The company’s stock had a trading volume of 8,760 shares, compared to its average volume of 37,789. Cable One has a 12-month low of $616.06 and a 12-month high of $788.00. The firm has a market capitalization of $3,982.87, a PE ratio of 31.53, a P/E/G ratio of 8.38 and a beta of 0.23. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.42 and a quick ratio of 1.42.
Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, March 1st. The company reported $5.78 earnings per share for the quarter, missing analysts’ consensus estimates of $5.87 by ($0.09). The company had revenue of $257.71 million for the quarter, compared to analyst estimates of $254.91 million. Cable One had a return on equity of 23.21% and a net margin of 24.63%. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.23 earnings per share. research analysts anticipate that Cable One will post 27.64 EPS for the current fiscal year.
Several analysts have issued reports on CABO shares. Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $781.00 price objective on the stock in a research note on Tuesday, March 6th. Wells Fargo restated a “market perform” rating and set a $741.00 price objective (up previously from $700.00) on shares of Cable One in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $788.00.
In other news, Director Thomas O. Might sold 2,823 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $726.54, for a total transaction of $2,051,022.42. Following the sale, the director now directly owns 15,140 shares in the company, valued at approximately $10,999,815.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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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