CBS Co. (NYSE:CBS) – Stock analysts at Jefferies Group upped their Q1 2018 EPS estimates for CBS in a report released on Thursday. Jefferies Group analyst J. Janedis now anticipates that the media conglomerate will earn $1.17 per share for the quarter, up from their previous estimate of $1.08. Jefferies Group currently has a “Buy” rating and a $66.00 target price on the stock. Jefferies Group also issued estimates for CBS’s FY2018 earnings at $5.19 EPS, Q2 2019 earnings at $1.27 EPS and Q3 2019 earnings at $1.38 EPS.
CBS (NYSE:CBS) last posted its quarterly earnings results on Thursday, February 15th. The media conglomerate reported $1.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.06. CBS had a return on equity of 67.23% and a net margin of 2.61%. The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the business posted $1.11 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis.
A number of other analysts have also recently commented on CBS. Benchmark restated a “buy” rating on shares of CBS in a research report on Friday, February 16th. Pivotal Research restated a “hold” rating and issued a $64.00 price objective on shares of CBS in a research report on Friday, February 16th. B. Riley lowered their price objective on shares of CBS from $84.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Royal Bank of Canada set a $71.00 price objective on shares of CBS and gave the company a “buy” rating in a research report on Saturday. Finally, TheStreet cut shares of CBS from a “b” rating to a “c” rating in a research report on Thursday, February 15th. Nine investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. CBS has a consensus rating of “Buy” and an average target price of $71.21.
Shares of CBS (CBS) opened at $56.25 on Monday. The company has a debt-to-equity ratio of 4.78, a current ratio of 1.58 and a quick ratio of 1.12. CBS has a 1 year low of $50.63 and a 1 year high of $70.10. The company has a market cap of $22,165.86, a price-to-earnings ratio of 12.76, a P/E/G ratio of 0.81 and a beta of 1.50.
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, March 8th. CBS’s dividend payout ratio (DPR) is presently 80.90%.
In other news, COO Joseph R. Ianniello sold 46,621 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $60.01, for a total value of $2,797,726.21. Following the completion of the transaction, the chief operating officer now owns 321,463 shares in the company, valued at approximately $19,290,994.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joseph R. Ianniello sold 2,400 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $60.13, for a total value of $144,312.00. Following the completion of the transaction, the chief operating officer now owns 320,723 shares of the company’s stock, valued at approximately $19,285,073.99. The disclosure for this sale can be found here. In the last quarter, insiders have sold 226,377 shares of company stock valued at $13,319,103. Corporate insiders own 2.03% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Avestar Capital LLC bought a new position in shares of CBS in the 4th quarter valued at about $119,000. We Are One Seven LLC bought a new position in shares of CBS in the 4th quarter valued at about $137,000. Financial Gravity Companies Inc. bought a new position in shares of CBS in the 4th quarter valued at about $143,000. Advisors Preferred LLC bought a new position in shares of CBS in the 4th quarter valued at about $213,000. Finally, Lombard Odier Asset Management Europe Ltd bought a new position in shares of CBS in the 4th quarter valued at about $227,000. Institutional investors own 75.21% of the company’s stock.
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CBS 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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