Zacks: Cable One, Inc. (CABO) Receives Average Recommendation of “Buy” from Brokerages

Shares of Cable One, Inc. (NYSE:CABO) have been assigned an average broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Cable One’s rating score has improved by 22.3% in the last 90 days as a result of various analysts’ ratings changes.

Analysts have set a 1-year consensus price target of $633.40 for the company and are forecasting that the company will post $5.60 EPS for the current quarter, according to Zacks. Zacks has also given Cable One an industry rank of 181 out of 265 based on the ratings given to related companies.

Several equities research analysts recently weighed in on the company. Raymond James Financial, Inc. assumed coverage on Cable One in a report on Thursday. They issued an “outperform” rating and a $785.00 price objective for the company. Zacks Investment Research lowered Cable One from a “buy” rating to a “sell” rating in a report on Wednesday, May 10th. Finally, SunTrust Banks, Inc. assumed coverage on Cable One in a report on Tuesday, April 18th. They issued a “buy” rating and a $715.00 price objective for the company.

A number of large investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Cable One during the first quarter valued at $115,000. US Bancorp DE raised its position in Cable One by 16.2% in the first quarter. US Bancorp DE now owns 230 shares of the company’s stock worth $144,000 after buying an additional 32 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Cable One during the fourth quarter worth $187,000. World Asset Management Inc bought a new position in Cable One during the first quarter worth $202,000. Finally, OppenheimerFunds Inc. bought a new position in Cable One during the first quarter worth $214,000. 73.95% of the stock is owned by institutional investors.

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Cable One (NYSE CABO) traded down 1.02% during trading on Friday, hitting $716.85. 16,132 shares of the company’s stock traded hands. The company has a market cap of $4.10 billion, a PE ratio of 39.21 and a beta of 0.28. Cable One has a 52-week low of $471.24 and a 52-week high of $734.35. The company’s 50 day moving average price is $690.32 and its 200 day moving average price is $640.23.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Thursday, May 4th. The company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.18. Cable One had a return on equity of 23.30% and a net margin of 12.75%. The company had revenue of $207.43 million during the quarter, compared to analyst estimates of $205.97 million. During the same quarter last year, the firm posted $4.65 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that Cable One will post $21.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Tuesday, May 16th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Friday, May 12th. Cable One’s dividend payout ratio (DPR) is currently 32.82%.

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.

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