Cable One Inc. (NYSE:CABO) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also assigned Cable One an industry rank of 40 out of 265 based on the ratings given to related companies.
A number of research firms have commented on CABO. Zacks Investment Research raised Cable One from a “hold” rating to a “strong-buy” rating and set a $613.00 target price for the company in a report on Friday, August 12th. TheStreet began coverage on Cable One in a report on Wednesday, July 13th. They issued a “hold” rating for the company.
Several hedge funds have recently modified their holdings of CABO. Mason Street Advisors LLC purchased a new stake in shares of Cable One during the second quarter valued at approximately $1,018,000. Public Employees Retirement System of Ohio raised its stake in shares of Cable One by 16.9% in the second quarter. Public Employees Retirement System of Ohio now owns 1,593 shares of the company’s stock valued at $815,000 after buying an additional 230 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of Cable One during the second quarter valued at approximately $222,000. Schwab Charles Investment Management Inc. raised its stake in shares of Cable One by 15.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 9,370 shares of the company’s stock valued at $4,792,000 after buying an additional 1,260 shares during the last quarter. Finally, Amalgamated Bank purchased a new stake in shares of Cable One during the second quarter valued at approximately $435,000. 69.46% of the stock is owned by institutional investors.
Shares of Cable One (NYSE:CABO) opened at 578.73 on Tuesday. Cable One has a one year low of $390.00 and a one year high of $586.51. The stock has a market cap of $3.31 billion, a PE ratio of 34.05 and a beta of 0.30. The company’s 50-day moving average price is $545.13 and its 200-day moving average price is $498.10.
Cable One (NYSE:CABO) last posted its earnings results 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 earned $204.56 million during the quarter, compared to analyst estimates of $202.03 million. Cable One had a return on equity of 23.07% and a net margin of 12.26%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $3.67 EPS. Equities research analysts anticipate that Cable One will post $19.68 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Tuesday, August 16th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, August 12th. Cable One’s payout ratio is currently 35.27%.
Cable One Company Profile
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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