Cable One (CABO) Receives Coverage Optimism Score of 0.10

Media stories about Cable One (NYSE:CABO) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cable One earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.9525395592427 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Several equities analysts have recently weighed in on CABO shares. BidaskClub downgraded shares of Cable One from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. SunTrust Banks reissued a “buy” rating and issued a $815.00 price target on shares of Cable One in a research note on Friday, November 10th. Wells Fargo & Co reissued a “market perform” rating and issued a $700.00 price target (down from $761.00) on shares of Cable One in a research note on Monday, November 13th. JPMorgan Chase & Co. downgraded shares of Cable One from a “neutral” rating to an “underweight” rating in a research note on Monday, November 13th. Finally, Zacks Investment Research raised shares of Cable One from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $705.00.

Shares of Cable One (NYSE:CABO) traded up $13.24 during mid-day trading on Wednesday, hitting $708.88. 22,900 shares of the company were exchanged, compared to its average volume of 36,749. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $4,060.00 and a PE ratio of 34.61. Cable One has a 52-week low of $564.26 and a 52-week high of $788.00.

Cable One (NYSE:CABO) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $5.48 EPS for the quarter, topping the consensus estimate of $5.20 by $0.28. Cable One had a net margin of 12.95% and a return on equity of 23.97%. The company had revenue of $253.85 million during the quarter, compared to analysts’ expectations of $255.68 million. During the same quarter in the previous year, the business posted $3.63 EPS. The firm’s revenue was up 23.5% on a year-over-year basis. equities analysts forecast that Cable One will post 22.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Tuesday, November 21st were given a dividend of $1.75 per share. The ex-dividend date was Monday, November 20th. This represents a $7.00 annualized dividend and a dividend yield of 0.99%. Cable One’s dividend payout ratio is presently 34.18%.

In related news, Chairman Thomas O. Might sold 2,793 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $676.44, for a total value of $1,889,296.92. Following the completion of the sale, the chairman now owns 37,702 shares in the company, valued at approximately $25,503,140.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas O. Might sold 6,288 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $681.20, for a total transaction of $4,283,385.60. Following the completion of the sale, the insider now owns 37,702 shares of the company’s stock, valued at approximately $25,682,602.40. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by 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.

Insider Buying and Selling by Quarter for Cable One (NYSE:CABO)

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