Cable One (CABO) Stock Price, News & Analysis

Company Overview

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. In addition, the company offers Sparklight TV, an IPTV video service that allows customers to stream its video channels from the cloud through an app on supported devices, such as the Amazon Firestick, Apple TV, and Android-based smart televisions. Further, it provides data, voice, and video products to business customers, including small to mid-markets, enterprises, and wholesale and carrier customers. The company serves residential and business customers, comprising data, video, and voice services. Cable One, Inc. was incorporated in 1980 and is headquartered in Phoenix, Arizona.

Key Stats

• Today's Range: $342.01 to $366.52
• 50-Day Range: $314.77 to $363.08
• 52-Week Range: $311.28 to $618.44
• Volume: 161,659 shs
• Average Volume: 103,287 shs
• Market Capitalization: $2.03 billion
• P/E Ratio: 8.49
• Dividend Yield: 3.27%
• Price Target: $533.33
• Consensus Rating: Hold

Cable One Stock Analysis - MarketRank™

Cable One scored higher than 96% of companies evaluated by MarketBeat, and ranked 16th out of 296 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Cable One has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 2 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Cable One has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 27.59%

Earnings Growth

Earnings for Cable One are expected to grow by 27.59% in the coming year, from $30.99 to $39.54 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cable One is 8.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.35.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cable One is 8.49, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.74.

Price to Book Value per Share Ratio

Cable One has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

19.42% of the float of Cable One has been sold short.

Short Interest Ratio / Days to Cover

Cable One has a short interest ratio ("days to cover") of 9.8.

Change versus previous month

Short interest in Cable One has recently decreased by 8.56%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Cable One pays a meaningful dividend of 3.50%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Cable One does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Cable One is 27.78%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Cable One will have a dividend payout ratio of 29.84% next year. This indicates that Cable One will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.1 / 5
• Environmental Score: -0.68

Percentage of Shares Shorted

19.42% of the float of Cable One has been sold short.

Short Interest Ratio / Days to Cover

Cable One has a short interest ratio ("days to cover") of 9.8.

Change versus previous month

Short interest in Cable One has recently decreased by 8.56%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.57

News Sentiment

Cable One has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Cable One this week, compared to 4 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Cable One insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.70% of the stock of Cable One is held by insiders.

Percentage Held by Institutions

89.92% of the stock of Cable One is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CABO Stock Analysis - Frequently Asked Questions

How have CABO shares performed this year?

Cable One's stock was trading at $556.59 at the beginning of the year. Since then, CABO stock has decreased by 35.2% and is now trading at $360.7650.
View the best growth stocks for 2024 here.

How were Cable One's earnings last quarter?

Cable One, Inc. (NYSE:CABO) posted its earnings results on Thursday, August, 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.36 by $2.20. The company's revenue for the quarter was down 7.0% compared to the same quarter last year.

Who are Cable One's major shareholders?

Cable One's top institutional shareholders include Private Management Group Inc. (2.06%), Boston Trust Walden Corp (1.15%), Markel Group Inc. (1.07%) and Marathon Asset Management Ltd (1.04%). Insiders that own company stock include Wallace R Weitz, Eric Michael Lardy, Thomas Sinnickson Gayner, Christopher D Boone, Peter N Witty, James A Obermeyer, Brad D Brian, Julia M Laulis and Steven Scott Cochran.
View institutional ownership trends.

How do I buy shares of Cable One?

Shares of CABO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cable One own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cable One investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH), The RMR Group (RMR) and AUO (AUOTY).

Company Calendar

• Last Earnings: 8/01/2024
• Ex-Dividend for 9/13 Dividend: 8/27/2024
• Dividend Payable: 9/13/2024
• Today: 11/01/2024
• Next Earnings (Confirmed): 11/07/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Cable & other pay television services
• Sub-Industry: Communication
• Current Symbol: NYSE:CABO
• CUSIP: N/A
• CIK: 1632127
• Web: www.cableone.net
• Phone: (602) 364-6000
• Fax: N/A
• Employees: 2,993
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $533.33
• High Stock Price Target: $881.00
• Low Stock Price Target: $350.00
• Potential Upside/Downside: +47.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $42.47
• Trailing P/E Ratio: 8.49
• Forward P/E Ratio: 11.64
• P/E Growth: N/A
• Net Income: $224.62 million
• Net Margins: 15.31%
• Pretax Margin: 23.11%
• Return on Equity: 12.04%
• Return on Assets: 3.26%

Debt

• Debt-to-Equity Ratio: 1.87
• Current Ratio: 1.81
• Quick Ratio: 1.81

Sales & Book Value

• Annual Sales: $1.68 billion
• Price / Sales: 1.21
• Cash Flow: $120.26 per share
• Price / Cash Flow: 3.00
• Book Value: $322.12 per share
• Price / Book: 1.12

Miscellaneous

• Outstanding Shares: 5,620,000
• Free Float: 5,580,000
• Market Cap: $2.03 billion
• Optionable: Not Optionable
• Beta: 0.84