Cable One Inc (NYSE:CABO) announced a quarterly dividend on Friday, May 17th, Fidelity reports. Investors of record on Tuesday, May 28th will be paid a dividend of 2.00 per share on Friday, June 14th. This represents a $8.00 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, May 24th.
Cable One has increased its dividend payment by an average of 71.0% per year over the last three years and has increased its dividend every year for the last 3 years. Cable One has a dividend payout ratio of 25.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cable One to earn $36.99 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 21.6%.
CABO stock traded down $2.84 during trading on Friday, hitting $1,140.95. 96,486 shares of the stock traded hands, compared to its average volume of 52,124. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 39.66 and a beta of 0.43. Cable One has a 1 year low of $693.00 and a 1 year high of $1,192.79.
Cable One (NYSE:CABO) last posted its earnings results on Thursday, May 9th. The company reported $6.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.10 by ($1.32). The company had revenue of $278.61 million for the quarter, compared to the consensus estimate of $279.23 million. Cable One had a net margin of 15.01% and a return on equity of 22.57%. Cable One’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.08 EPS. As a group, research analysts predict that Cable One will post 30.74 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on CABO. Zacks Investment Research cut shares of Cable One from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. B. Riley reiterated a “buy” rating and issued a $1,250.00 price objective (up previously from $1,090.00) on shares of Cable One in a research note on Tuesday, June 4th. SunTrust Banks increased their price objective on shares of Cable One to $1,020.00 and gave the stock a “hold” rating in a research note on Friday, May 10th. They noted that the move was a valuation call. KeyCorp reiterated an “overweight” rating and issued a $1,115.00 price objective (up previously from $1,025.00) on shares of Cable One in a research note on Thursday, February 28th. They noted that the move was a valuation call. Finally, Raymond James restated a “hold” rating on shares of Cable One in a research note on Thursday, February 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Cable One currently has an average rating of “Hold” and an average target price of $1,138.50.
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Cable One Company Profile
Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.
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