Wall Street analysts expect CBS Co. (NYSE:CBS) to report earnings per share (EPS) of $1.18 for the current quarter, Zacks Investment Research reports. Twenty Eight analysts have issued estimates for CBS’s earnings, with estimates ranging from $1.15 to $1.26. CBS posted earnings per share of $1.04 in the same quarter last year, which indicates a positive year-over-year growth rate of 13.5%. The company is expected to issue its next earnings report after the market closes on Thursday, May 3rd.
On average, analysts expect that CBS will report full year earnings of $5.20 per share for the current financial year, with EPS estimates ranging from $5.00 to $5.28. For the next fiscal year, analysts anticipate that the business will report earnings of $5.88 per share, with EPS estimates ranging from $5.20 to $6.75. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow CBS.
CBS (NYSE:CBS) last issued its quarterly earnings results on Thursday, February 15th. The media conglomerate reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.71 billion. CBS had a return on equity of 67.23% and a net margin of 2.61%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company posted $1.11 EPS.
A number of equities analysts have issued reports on the company. Pivotal Research reaffirmed a “hold” rating and set a $64.00 price target on shares of CBS in a research note on Friday, February 16th. Stephens lowered CBS from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $72.00 to $64.00 in a research note on Monday, January 22nd. Piper Jaffray set a $70.00 price objective on CBS and gave the company a “buy” rating in a research report on Wednesday, January 3rd. ValuEngine downgraded CBS from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Wells Fargo reiterated an “outperform” rating and set a $70.00 price objective (down previously from $75.00) on shares of CBS in a research report on Thursday, January 4th. Nine equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $69.19.
In other news, COO Joseph R. Ianniello sold 46,621 shares of the stock in a transaction on 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 sale, the chief operating officer now owns 321,463 shares in the company, valued at $19,290,994.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Leslie Moonves sold 85,000 shares of the stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of $51.05, for a total value of $4,339,250.00. Following the sale, the chief executive officer now owns 885,831 shares of the company’s stock, valued at $45,221,672.55. The disclosure for this sale can be found here. Insiders sold 303,884 shares of company stock valued at $16,243,656 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Avestar Capital LLC purchased a new stake in shares of CBS during the fourth quarter worth $119,000. We Are One Seven LLC purchased a new stake in shares of CBS during the fourth quarter worth $137,000. Financial Gravity Companies Inc. purchased a new stake in shares of CBS during the fourth quarter worth $143,000. Advisors Preferred LLC purchased a new stake in shares of CBS during the fourth quarter worth $213,000. Finally, Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of CBS during the fourth quarter worth $227,000. Institutional investors and hedge funds own 77.91% of the company’s stock.
NYSE CBS traded up $0.03 on Wednesday, reaching $51.17. 1,281,275 shares of the stock traded hands, compared to its average volume of 4,224,191. The company has a debt-to-equity ratio of 4.78, a quick ratio of 1.12 and a current ratio of 1.58. The firm has a market cap of $19,480.40, a P/E ratio of 12.21, a PEG ratio of 0.69 and a beta of 1.47. CBS has a 12 month low of $49.24 and a 12 month high of $69.31.
The firm also recently announced a quarterly dividend, which was paid on Sunday, April 1st. Stockholders of record on Friday, March 9th were issued a $0.18 dividend. The ex-dividend date was Thursday, March 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.41%. CBS’s payout ratio is currently 17.18%.
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CBS Company Profile
CBS Corporation operates as a mass media company worldwide. The company operates through four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces, acquires, and distributes theatrical motion pictures; and digital streaming services.
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