Cable One, Inc. (NYSE:CABO – Get Free Report) has received a consensus rating of “Hold” from the five brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $881.00.
A number of equities analysts have issued reports on CABO shares. Raymond James lowered their target price on Cable One from $900.00 to $825.00 and set an “outperform” rating for the company in a report on Friday, August 4th. StockNews.com began coverage on Cable One in a report on Thursday, August 17th. They set a “hold” rating for the company. Finally, KeyCorp reduced their price objective on shares of Cable One from $1,275.00 to $1,175.00 and set an “overweight” rating for the company in a research note on Friday, August 4th.
Institutional Investors Weigh In On Cable One
Cable One Price Performance
CABO opened at $623.27 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 2.11. Cable One has a 12 month low of $602.70 and a 12 month high of $1,037.37. The company has a fifty day simple moving average of $665.92 and a 200 day simple moving average of $668.08. The stock has a market cap of $3.50 billion, a P/E ratio of 36.38 and a beta of 0.86.
Cable One (NYSE:CABO – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The company reported $10.43 EPS for the quarter, missing analysts’ consensus estimates of $13.27 by ($2.84). Cable One had a net margin of 6.25% and a return on equity of 13.47%. The firm had revenue of $424.02 million during the quarter, compared to the consensus estimate of $422.41 million. On average, research analysts expect that Cable One will post 49.24 EPS for the current year.
Cable One Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 29th were paid a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 1.89%. This is an increase from Cable One’s previous quarterly dividend of $2.85. The ex-dividend date of this dividend was Monday, August 28th. Cable One’s dividend payout ratio is currently 68.89%.
Cable One Company Profile
Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.
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