Brokerages Set Cable One Inc (CABO) Price Target at $790.33
Shares of Cable One Inc (NYSE:CABO) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $790.33.
Several equities analysts recently weighed in on CABO shares. SunTrust Banks reaffirmed a “buy” rating and issued a $815.00 price target on shares of Cable One in a research report on Friday, November 10th. JPMorgan Chase & Co. lowered shares of Cable One from a “neutral” rating to an “underweight” rating in a research note on Monday, November 13th. Wells Fargo & Co reiterated a “market perform” rating and issued a $700.00 price objective (down previously from $761.00) on shares of Cable One in a research note on Monday, November 13th. Finally, Zacks Investment Research upgraded shares of Cable One from a “hold” rating to a “strong-buy” rating and set a $787.00 price objective for the company in a research note on Monday, November 13th.
In other Cable One news, insider Thomas O. Might sold 6,288 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $681.20, for a total value of $4,283,385.60. Following the completion of the sale, the insider now owns 37,702 shares in the company, valued at approximately $25,682,602.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Thomas O. Might sold 2,793 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $676.44, for a total transaction of $1,889,296.92. Following the completion of the sale, the chairman now owns 37,702 shares of the company’s stock, valued at approximately $25,503,140.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,904 shares of company stock valued at $8,223,705. Company insiders own 1.30% of the company’s stock.
Shares of Cable One (CABO) traded up $13.68 during midday trading on Tuesday, reaching $681.92. 45,085 shares of the company traded hands, compared to its average volume of 43,519. Cable One has a twelve month low of $615.98 and a twelve month high of $788.00. The company has a market cap of $3,906.99, a PE ratio of 16.58, a price-to-earnings-growth ratio of 9.17 and a beta of 0.23. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.34 and a current 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 the Thomson Reuters’ consensus estimate of $5.87 by ($0.09). Cable One had a net margin of 24.63% and a return on equity of 23.21%. The business had revenue of $257.71 million during the quarter, compared to the consensus estimate of $254.91 million. During the same period in the previous year, the business posted $4.23 EPS. Cable One’s revenue was up 24.7% compared to the same quarter last year. equities analysts predict that Cable One will post 24.8 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Tuesday, February 20th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $7.00 annualized dividend and a yield of 1.03%. Cable One’s dividend payout ratio (DPR) is 17.02%.
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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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