Cable One (CABO) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cable One in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CABO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CABO, but not buy additional shares or sell existing shares.
View CABO analyst ratings or view top-rated stocks.

5 brokerages have issued twelve-month target prices for Cable One's stock. Their CABO share price forecasts range from $670.00 to $1,175.00. On average, they anticipate the company's stock price to reach $881.00 in the next year. This suggests a possible upside of 41.9% from the stock's current price.
View analysts price targets for CABO or view top-rated stocks among Wall Street analysts.

Cable One's stock was trading at $711.86 at the beginning of 2023. Since then, CABO stock has decreased by 12.8% and is now trading at $620.76.
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Cable One saw a increase in short interest in August. As of August 31st, there was short interest totaling 359,000 shares, an increase of 23.0% from the August 15th total of 291,800 shares. Based on an average daily trading volume, of 63,600 shares, the days-to-cover ratio is presently 5.6 days. Approximately 8.1% of the shares of the stock are sold short.
View Cable One's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our CABO earnings forecast.

Cable One, Inc. (NYSE:CABO) posted its quarterly earnings data on Thursday, August, 3rd. The company reported $10.43 EPS for the quarter, missing the consensus estimate of $13.27 by $2.84. The firm had revenue of $424.02 million for the quarter, compared to analysts' expectations of $422.41 million. Cable One had a trailing twelve-month return on equity of 13.47% and a net margin of 6.25%.

Cable One declared a quarterly dividend on Friday, August 18th. Stockholders of record on Tuesday, August 29th will be paid a dividend of $2.95 per share on Friday, September 15th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Monday, August 28th. This is an increase from the stock's previous quarterly dividend of $2.85.
Read our dividend analysis for CABO.

ETFs with the largest weight of Cable One (NYSE:CABO) stock in their portfolio include Roundhill IO Digital Infrastructure ETF (BYTE), iShares U.S. Telecommunications ETF (IYZ), Syntax Stratified MidCap ETF (SMDY), Invesco Russell 1000 Equal Weight ETF (EQAL), First Trust Mid Cap US Equity Select ETF (RNMC), First Trust NASDAQ Technology Dividend Index Fund (TDIV) and Fidelity MSCI Communication Services Index ETF (FCOM).Vanguard Communication Services ETF (VOX).

Cable One (NYSE:CABO) pays an annual dividend of $11.80 per share and currently has a dividend yield of 1.88%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 68.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CABO will have a dividend payout ratio of 20.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CABO.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cable One investors own include Booking (BKNG), International Business Machines (IBM), NVIDIA (NVDA), Walmart (WMT), Exxon Mobil (XOM), Boeing (BA), Baidu (BIDU), 3M (MMM), Woodward (WWD) and Applied Materials (AMAT).

Cable One trades on the New York Stock Exchange (NYSE) under the ticker symbol "CABO."

Cable One's stock is owned by a number of institutional and retail investors. Top institutional investors include Rothschild & Co Wealth Management UK Ltd (4.81%), Burgundy Asset Management Ltd. (2.21%), Boston Trust Walden Corp (1.83%), River Road Asset Management LLC (1.62%), Geode Capital Management LLC (1.62%) and Copeland Capital Management LLC (1.49%). Insiders that own company stock include Brad D Brian, Christopher D Boone, Christopher D Boone, Eric Michael Lardy, James A Obermeyer, James A Obermeyer, Julia M Laulis, Julia M Laulis, Katharine Weymouth, Kenneth E Johnson, Michael E Bowker, Peter N Witty, Steven Scott Cochran, Thomas O Might, Thomas O Might and Thomas Sinnickson Gayner.
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Shares of CABO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CABO stock can currently be purchased for approximately $620.76.

Cable One (NYSE:CABO) has a market capitalization of $3.49 billion and generates $1.71 billion in revenue each year. The company earns $234.12 million in net income (profit) each year or $17.13 on an earnings per share basis.

The company employs 3,132 workers across the globe.

Cable One's mailing address is 210 E. EARLL DRIVE, PHOENIX AZ, 85012. The official website for the company is www.cableone.net. The company can be reached via phone at (602) 364-6000 or via email at investor_relations@cableone.biz.