Cable One (NYSE:CABO) is set to post its quarterly earnings results before the market opens on Monday, February 26th. Analysts expect Cable One to post earnings of $5.86 per share for the quarter.
Shares of Cable One (NYSE:CABO) opened at $689.39 on Monday. The stock has a market capitalization of $3,949.79, a P/E ratio of 33.66, a PEG ratio of 9.33 and a beta of 0.15. Cable One has a one year low of $615.98 and a one year high of $788.00. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Tuesday, February 20th will be paid a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, February 16th. Cable One’s payout ratio is 34.18%.
In related news, Director Thomas O. Might sold 2,823 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $726.54, for a total transaction of $2,051,022.42. Following the completion of the sale, the director now directly owns 15,140 shares of the company’s stock, valued at approximately $10,999,815.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Thomas O. Might sold 2,793 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $676.44, for a total value of $1,889,296.92. Following the sale, the chairman now directly owns 37,702 shares of the company’s stock, valued at $25,503,140.88. The disclosure for this sale can be found here. Insiders have sold a total of 11,904 shares of company stock valued at $8,223,705 over the last three months. 1.30% of the stock is owned by corporate insiders.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Cable One from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $741.00 price objective (up from $700.00) on shares of Cable One in a research note on Thursday, January 4th. SunTrust Banks reaffirmed a “buy” rating and issued a $815.00 price objective on shares of Cable One in a research note on Friday, November 10th. JPMorgan Chase & Co. lowered Cable One from a “neutral” rating to an “underweight” rating in a research note on Monday, November 13th. Finally, BidaskClub lowered Cable One from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Cable One has an average rating of “Hold” and an average price target of $789.50.
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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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