Cablevision (NYSE:CVC) announced a quarterly dividend on Friday, March 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.15 per share on Wednesday, April 3rd. This represents a $0.60 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Wednesday, March 13th.
CVC has been the subject of a number of recent research reports. Analysts at Goldman Sachs reiterated a “sell” rating on shares of Cablevision in a research note to investors on Friday. They now have a $11.00 price target on the stock. On the ratings front, analysts at Zacks downgraded shares of Cablevision from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. They now have a $13.30 price target on the stock. Finally, analysts at Brean Murray reiterated a “hold” rating on shares of Cablevision in a research note to investors on Friday.
Five analysts have rated the stock with a buy rating, one has given an overweight rating, nine have given a hold rating, and three have issued a sell rating to the stock. The company currently has a consensus rating of “hold” and a consensus price target of $16.44.
Cablevision (CVC) traded down 1.64% on Friday, hitting $13.76. Cablevision (CVC) has a 52-week low of $10.76 and a 52-week high of $18.86. The stock’s 50-day moving average is currently $15.05. The company has a market cap of $3.621 billion and a price-to-earnings ratio of 21.13.
Cablevision last issued its quarterly earnings data on Thursday, February 28th. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.41. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts predict that Cablevision (CVC) will post $0.77 earnings per share for the current fiscal year.
Cablevision Systems Corporation (Cablevision), through wholly owned subsidiary CSC Holdings, LLC (CSC Holdings, and collectively with Cablevision) and their subsidiaries, owns and operates cable television systems and owns companies, which provides regional news, other programming and advertising sales services for the cable television industry, provide telephone service, operate motion picture theatres and operate a newspaper publishing business.
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