Cable One (CABO) Receives Coverage Optimism Rating of 0.11
Headlines about Cable One (NYSE:CABO) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cable One earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.9652178244615 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s scoring:
- Cable One, Inc. breached its 50 day moving average in a Bearish Manner : CABO-US : August 11, 2017 (finance.yahoo.com)
- Cable One, Inc. (NYSE:CABO) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- Cable One, Inc. (CABO) Upgraded to Buy by Zacks Investment Research (americanbankingnews.com)
- Zacks: Cable One, Inc. (NYSE:CABO) Given $655.40 Consensus Target Price by Brokerages (americanbankingnews.com)
- Cable ONE reports Q2 2017 results (financial-news.co.uk)
A number of research analysts have recently commented on the stock. Raymond James Financial, Inc. assumed coverage on shares of Cable One in a report on Thursday, June 8th. They issued an “outperform” rating and a $785.00 target price for the company. TheStreet raised shares of Cable One from a “c” rating to a “b-” rating in a report on Monday, June 12th. Zacks Investment Research cut shares of Cable One from a “buy” rating to a “sell” rating in a report on Wednesday, May 10th. BidaskClub cut shares of Cable One from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, SunTrust Banks, Inc. assumed coverage on shares of Cable One in a report on Tuesday, April 18th. They issued a “buy” rating and a $715.00 target price for the company. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Cable One presently has a consensus rating of “Buy” and an average price target of $693.75.
Cable One (CABO) opened at 735.60 on Friday. The company has a market cap of $4.21 billion, a PE ratio of 39.50 and a beta of 0.30. The stock has a 50 day moving average of $736.62 and a 200-day moving average of $680.13. Cable One has a 12-month low of $527.75 and a 12-month high of $788.00.
Cable One (NYSE:CABO) last released its quarterly earnings results on Tuesday, August 8th. The company reported $4.97 EPS for the quarter, missing the Zacks’ consensus estimate of $5.10 by $0.13. Cable One had a return on equity of 22.83% and a net margin of 12.44%. The company had revenue of $241 million during the quarter, compared to analysts’ expectations of $247.02 million. During the same period in the prior year, the firm earned $4.62 EPS. Cable One’s quarterly revenue was up 17.8% on a year-over-year basis. On average, equities research analysts anticipate that Cable One will post $20.21 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, August 11th. This is a boost from Cable One’s previous quarterly dividend of $1.50. Cable One’s payout ratio is currently 32.21%.
In other Cable One news, SVP Eric Michael Lardy sold 322 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $725.00, for a total value of $233,450.00. Following the completion of the transaction, the senior vice president now owns 2,542 shares of the company’s stock, valued at approximately $1,842,950. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Donald Graham purchased 8,187 shares of the business’s stock in a transaction on Friday, July 28th. The stock was bought at an average cost of $742.52 per share, with a total value of $6,079,011.24. Following the purchase, the insider now owns 279,733 shares in the company, valued at $207,707,347.16. The disclosure for this purchase can be found here. In the last three months, insiders sold 9,022 shares of company stock valued at $6,483,807. Corporate insiders own 1.30% of the company’s stock.
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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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