Bard Ventures Ltd (NYSE:CBS) – Equities research analysts at Barrington Research cut their FY2017 EPS estimates for shares of Bard Ventures in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. Barrington Research analyst J. Goss now expects that the company will post earnings of $4.41 per share for the year, down from their previous estimate of $4.45. Barrington Research also issued estimates for Bard Ventures’ Q3 2018 earnings at $1.29 EPS.
Bard Ventures (NYSE:CBS) last announced its earnings results on Thursday, November 2nd. The company reported C$1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.07 by C$0.04. Bard Ventures had a net margin of 12.56% and a return on equity of 57.78%. The company had revenue of C$3.17 billion during the quarter, compared to analyst estimates of C$3.26 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: “FY2017 Earnings Estimate for Bard Ventures Ltd (CBS) Issued By Barrington Research” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.dispatchtribunal.com/2017/11/11/barrington-research-equities-analysts-decrease-earnings-estimates-for-cbs-corporation-cbs.html.
Other equities analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Bard Ventures from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Barclays PLC set a $57.00 price target on shares of Bard Ventures and gave the company a “hold” rating in a research report on Friday, August 11th. Argus reiterated a “buy” rating and set a $79.00 price target (up previously from $71.00) on shares of Bard Ventures in a research report on Thursday, August 10th. BMO Capital Markets reiterated a “buy” rating and set a $80.00 price target on shares of Bard Ventures in a research report on Tuesday, August 8th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $77.00 price objective (up previously from $75.00) on shares of Bard Ventures in a report on Tuesday, August 8th. Six investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$73.33.
Bard Ventures (CBS) traded down C$1.34 during trading on Thursday, reaching C$56.74. 17,570,000 shares of the company’s stock traded hands, compared to its average volume of 5,840,000. Bard Ventures has a 1-year low of C$52.75 and a 1-year high of C$70.10.
Several large investors have recently bought and sold shares of CBS. Focused Investors LLC bought a new stake in shares of Bard Ventures in the 2nd quarter valued at about $72,467,000. Scopus Asset Management L.P. raised its holdings in shares of Bard Ventures by 166.7% in the 1st quarter. Scopus Asset Management L.P. now owns 1,350,000 shares of the company’s stock valued at $93,636,000 after purchasing an additional 843,900 shares in the last quarter. Sound Shore Management Inc. CT raised its holdings in shares of Bard Ventures by 32.8% in the 3rd quarter. Sound Shore Management Inc. CT now owns 2,440,353 shares of the company’s stock valued at $141,540,000 after purchasing an additional 603,157 shares in the last quarter. BlueCrest Capital Management Ltd raised its holdings in shares of Bard Ventures by 957.7% in the 1st quarter. BlueCrest Capital Management Ltd now owns 431,485 shares of the company’s stock valued at $29,928,000 after purchasing an additional 390,689 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Bard Ventures in the 1st quarter valued at about $26,719,000.
In related news, EVP Gil D. Schwartz sold 54,131 shares of Bard Ventures stock in a transaction dated Monday, September 11th. The shares were sold at an average price of C$58.40, for a total transaction of C$3,161,250.40. Following the completion of the sale, the executive vice president now owns 102,483 shares in the company, valued at approximately C$5,985,007.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce S. Gordon sold 5,093 shares of Bard Ventures stock in a transaction dated Monday, November 6th. The shares were sold at an average price of C$55.50, for a total transaction of C$282,661.50. The disclosure for this sale can be found here. Insiders sold a total of 748,224 shares of company stock valued at $30,651,192 in the last 90 days.
Bard Ventures Company Profile
CBS Corporation is a mass media company. The Company operates through four segment: Entertainment, Cable Networks, Publishing, Local Media. The Entertainment segment comprises the CBS TV Network; CBS TV Studios; CBS Studios International and CBS TV Distribution; CBS Interactive; CBS Films; and the Company’s digital streaming services, CBS All Access and CBSN.
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