Cable One, Inc. (NYSE:CABO - Get Free Report) announced a quarterly dividend on Thursday, May 16th, Wall Street Journal reports. Shareholders of record on Tuesday, May 28th will be paid a dividend of 2.95 per share on Friday, June 14th. This represents a $11.80 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Friday, May 24th.
Cable One has increased its dividend by an average of 6.9% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Cable One has a payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cable One to earn $39.21 per share next year, which means the company should continue to be able to cover its $11.80 annual dividend with an expected future payout ratio of 30.1%.
Cable One Price Performance
CABO stock traded down $8.12 during midday trading on Friday, reaching $387.25. 103,330 shares of the stock were exchanged, compared to its average volume of 106,385. Cable One has a 52 week low of $369.13 and a 52 week high of $749.00. The company has a fifty day moving average price of $409.41 and a 200 day moving average price of $486.49. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market capitalization of $2.18 billion, a PE ratio of 8.87 and a beta of 0.80.
Cable One (NYSE:CABO - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $8.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.78 by ($2.67). Cable One had a net margin of 15.50% and a return on equity of 12.76%. The business had revenue of $404.30 million during the quarter, compared to the consensus estimate of $408.79 million. During the same quarter last year, the business earned $9.62 EPS. The firm's quarterly revenue was down 4.2% compared to the same quarter last year. As a group, analysts expect that Cable One will post 32.41 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. KeyCorp reduced their price objective on shares of Cable One from $900.00 to $881.00 and set an "overweight" rating on the stock in a research note on Thursday, April 4th. Moffett Nathanson upgraded Cable One from a "neutral" rating to a "buy" rating and set a $615.00 price objective for the company in a research report on Tuesday, March 5th. Wells Fargo & Company reduced their target price on Cable One from $400.00 to $350.00 and set an "underweight" rating on the stock in a report on Friday, May 3rd. Finally, TD Cowen reduced their price objective on shares of Cable One from $650.00 to $456.00 and set a "hold" rating on the stock in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $590.83.
View Our Latest Analysis on Cable One
Insiders Place Their Bets
In other Cable One news, insider Christopher D. Boone sold 204 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total value of $93,840.00. Following the transaction, the insider now owns 1,854 shares in the company, valued at $852,840. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company's stock.
About Cable One
(
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Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.
Further Reading
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