Cable One (CABO) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cable One in the last year. There are currently 1 sell rating, 2 hold ratings and 3 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.

6 Wall Street research analysts have issued twelve-month price targets for Cable One's shares. Their CABO share price forecasts range from $670.00 to $1,600.00. On average, they anticipate the company's stock price to reach $1,104.29 in the next year. This suggests a possible upside of 62.4% 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 on January 1st, 2023. Since then, CABO stock has decreased by 4.5% and is now trading at $679.93.
View the best growth stocks for 2023 here.

Cable One saw a increase in short interest in May. As of May 15th, there was short interest totaling 428,300 shares, an increase of 18.9% from the April 30th total of 360,100 shares. Based on an average daily volume of 56,700 shares, the short-interest ratio is presently 7.6 days. Currently, 9.6% 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, August 3rd 2023.
View our CABO earnings forecast.

Cable One, Inc. (NYSE:CABO) released its earnings results on Thursday, May, 4th. The company reported $9.62 earnings per share for the quarter, missing analysts' consensus estimates of $14.40 by $4.78. The firm earned $421.90 million during the quarter, compared to analysts' expectations of $420.66 million. Cable One had a trailing twelve-month return on equity of 13.99% and a net margin of 7.06%. The business's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $26.85 EPS.

Cable One announced a quarterly dividend on Friday, May 19th. Shareholders of record on Tuesday, May 30th will be given a dividend of $2.85 per share on Friday, June 16th. This represents a $11.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, May 26th.
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), Fidelity Sustainable U.S. Equity ETF (FSST), Mid Cap US Equity Select ETF (RNMC), Invesco Russell 1000 Equal Weight ETF (EQAL), Vanguard Small-Cap Growth ETF (VBK) and JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME).

Cable One (NYSE:CABO) pays an annual dividend of $11.40 per share and currently has a dividend yield of 1.74%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 60.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CABO will have a dividend payout ratio of 19.76% 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 variety of retail and institutional investors. Top institutional investors include Rothschild & Co Wealth Management UK Ltd (4.74%), Neuberger Berman Group LLC (3.25%), Principal Financial Group Inc. (2.57%), Burgundy Asset Management Ltd. (2.05%), Boston Trust Walden Corp (1.74%) and River Road Asset Management LLC (1.61%). 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 $679.93.

Cable One (NYSE:CABO) has a market capitalization of $3.88 billion and generates $1.70 billion in revenue each year. The company earns $234.12 million in net income (profit) each year or $18.88 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.