CBS Co. (NYSE:CBS) Expected to Announce Earnings of $1.50 Per Share

Wall Street analysts expect that CBS Co. (NYSE:CBS) will report earnings of $1.50 per share for the current fiscal quarter, Zacks reports. Twenty Four analysts have provided estimates for CBS’s earnings, with the highest EPS estimate coming in at $1.77 and the lowest estimate coming in at $1.29. CBS also posted earnings of $1.50 per share in the same quarter last year. The firm is expected to announce its next earnings report on Thursday, February 13th.

On average, analysts expect that CBS will report full-year earnings of $4.96 per share for the current year, with EPS estimates ranging from $4.71 to $5.24. For the next financial year, analysts forecast that the firm will post earnings of $5.36 per share, with EPS estimates ranging from $4.83 to $6.65. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover CBS.

CBS (NYSE:CBS) last posted its quarterly earnings data on Tuesday, November 12th. The media conglomerate reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.04. The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.37 billion. CBS had a net margin of 18.98% and a return on equity of 44.13%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $1.24 earnings per share.

Several brokerages have recently commented on CBS. Guggenheim set a $50.00 target price on CBS and gave the stock a “buy” rating in a report on Friday, October 18th. Loop Capital dropped their target price on shares of CBS to $50.00 and set a “buy” rating for the company in a research note on Friday, October 18th. BMO Capital Markets lowered shares of CBS from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $60.00 to $51.00 in a research report on Wednesday, August 14th. Sanford C. Bernstein decreased their price target on shares of CBS from $46.00 to $35.00 and set an “underperform” rating on the stock in a research note on Tuesday, September 3rd. Finally, TheStreet cut shares of CBS from a “b-” rating to a “c+” rating in a research note on Friday, August 23rd. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $51.94.

In other news, Director Gary L. Countryman sold 5,093 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $38.89, for a total transaction of $198,066.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.56% of the company’s stock.

Large investors have recently modified their holdings of the stock. NEXT Financial Group Inc increased its holdings in CBS by 70.2% during the 2nd quarter. NEXT Financial Group Inc now owns 594 shares of the media conglomerate’s stock worth $30,000 after purchasing an additional 245 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of CBS by 2.9% in the second quarter. Commonwealth Equity Services LLC now owns 27,056 shares of the media conglomerate’s stock valued at $1,350,000 after purchasing an additional 766 shares during the last quarter. Hartford Investment Management Co. boosted its holdings in CBS by 1.8% during the second quarter. Hartford Investment Management Co. now owns 38,770 shares of the media conglomerate’s stock worth $1,935,000 after purchasing an additional 669 shares during the last quarter. Sumitomo Life Insurance Co. grew its position in CBS by 3.7% in the second quarter. Sumitomo Life Insurance Co. now owns 29,016 shares of the media conglomerate’s stock valued at $1,448,000 after purchasing an additional 1,037 shares in the last quarter. Finally, Creative Planning grew its position in CBS by 11.0% in the second quarter. Creative Planning now owns 22,630 shares of the media conglomerate’s stock valued at $1,129,000 after purchasing an additional 2,239 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

Shares of CBS opened at $40.77 on Friday. The stock has a fifty day moving average price of $38.07 and a two-hundred day moving average price of $44.39. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.05 and a current ratio of 1.52. CBS has a 52-week low of $35.02 and a 52-week high of $53.71. The company has a market cap of $14.74 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 0.73 and a beta of 1.21.

CBS Company Profile

CBS Corporation operates as a mass media company worldwide. The company operates in 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 theatrical films; and digital streaming services.

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Earnings History and Estimates for CBS (NYSE:CBS)

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