Somewhat Positive Press Coverage Somewhat Unlikely to Impact CBS (CBS) Share Price

News coverage about CBS (NYSE:CBS) has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CBS earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the media conglomerate an impact score of 42.1597537068449 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news headlines that may have impacted Accern’s scoring:

Shares of CBS (CBS) traded down $0.36 during trading on Monday, hitting $60.17. The stock had a trading volume of 2,404,500 shares, compared to its average volume of 4,159,089. The company has a market capitalization of $23,960.00, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 1.09 and a beta of 1.62. CBS has a 12 month low of $52.75 and a 12 month high of $70.10. The company has a current ratio of 1.55, a quick ratio of 1.10 and a debt-to-equity ratio of 3.03.

CBS (NYSE:CBS) last released its earnings results on Thursday, November 2nd. The media conglomerate reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.04. CBS had a return on equity of 58.49% and a net margin of 2.14%. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. CBS’s revenue was up 2.8% on a year-over-year basis. analysts expect that CBS will post 4.39 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Monday, December 11th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, December 8th. CBS’s dividend payout ratio (DPR) is presently 20.93%.

Several equities research analysts have recently commented on the company. Stephens assumed coverage on CBS in a research note on Thursday, December 14th. They issued an “overweight” rating and a $70.00 target price for the company. ValuEngine cut CBS from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Zacks Investment Research raised CBS from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Credit Suisse Group lowered their target price on CBS from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Finally, Jefferies Group reissued a “buy” rating and issued a $73.00 target price on shares of CBS in a research note on Monday, October 16th. Six 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 price target of $73.21.

In other news, CEO Leslie Moonves sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $57.62, for a total value of $8,643,000.00. Following the transaction, the chief executive officer now owns 1,182,652 shares of the company’s stock, valued at $68,144,408.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles K. Gifford sold 5,093 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $57.33, for a total value of $291,981.69. Following the completion of the transaction, the director now directly owns 70,273 shares in the company, valued at approximately $4,028,751.09. The disclosure for this sale can be found here. In the last three months, insiders have sold 250,279 shares of company stock worth $14,437,978. Company insiders own 1.67% of the company’s stock.

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About CBS

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.

Insider Buying and Selling by Quarter for CBS (NYSE:CBS)

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