News coverage about Cable One (NYSE:CABO) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cable One earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.5772839744859 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Cable One (NYSE:CABO) traded down $4.37 during trading hours on Thursday, hitting $674.01. The stock had a trading volume of 38,677 shares, compared to its average volume of 35,883. The firm has a market cap of $3,937.23, a PE ratio of 33.56, a P/E/G ratio of 10.34 and a beta of 0.19. Cable One has a twelve month low of $564.26 and a twelve month high of $788.00. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 2.21.
Cable One (NYSE:CABO) last released its quarterly earnings data on Wednesday, November 8th. The company reported $5.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.20 by $0.28. The business had revenue of $253.85 million during the quarter, compared to analysts’ expectations of $255.68 million. Cable One had a return on equity of 23.97% and a net margin of 12.95%. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.63 EPS. research analysts forecast that Cable One will post 22.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Tuesday, November 21st will be given a $1.75 dividend. The ex-dividend date is Monday, November 20th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.04%. Cable One’s dividend payout ratio (DPR) is presently 34.18%.
CABO has been the topic of several recent analyst reports. BidaskClub raised Cable One from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded Cable One from a “hold” rating to a “strong-buy” rating and set a $787.00 price objective on the stock in a report on Monday, November 13th. J P Morgan Chase & Co downgraded Cable One from a “neutral” rating to an “underweight” rating in a report on Monday, November 13th. Raymond James Financial boosted their price objective on Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $700.00 price target (down previously from $761.00) on shares of Cable One in a report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Cable One has an average rating of “Hold” and a consensus target price of $705.00.
In other Cable One news, CFO Kevin P. Coyle sold 450 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $740.91, for a total transaction of $333,409.50. Following the completion of the sale, the chief financial officer now directly owns 4,440 shares of the company’s stock, valued at approximately $3,289,640.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael E. Bowker sold 1,244 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $740.59, for a total value of $921,293.96. Following the sale, the chief operating officer now directly owns 7,104 shares of the company’s stock, valued at $5,261,151.36. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
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About Cable One
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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