CBS Corp. (NYSE:CBS) – Research analysts at Barrington Research boosted their FY2018 earnings per share estimates for shares of CBS Corp. in a research report issued to clients and investors on Monday. Barrington Research analyst J. Goss now expects that the firm will post earnings per share of $5.10 for the year, up from their prior estimate of $5.05.

CBS Corp. (NYSE:CBS) last issued its quarterly earnings results on Thursday, July 28th. The media conglomerate reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.07. CBS Corp. had a return on equity of 31.53% and a net margin of 11.07%. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis.

Earnings History and Estimates for CBS Corp. (NYSE:CBS)

Several other equities analysts have also issued reports on CBS. Wells Fargo & Co. reissued an “outperform” rating on shares of CBS Corp. in a research note on Saturday, June 25th. Morgan Stanley reissued an “overweight” rating on shares of CBS Corp. in a research note on Wednesday, June 29th. JPMorgan Chase & Co. reissued a “buy” rating on shares of CBS Corp. in a research note on Thursday, June 30th. Needham & Company LLC reissued a “buy” rating and set a $65.00 target price on shares of CBS Corp. in a research note on Saturday, July 2nd. Finally, Brean Capital initiated coverage on CBS Corp. in a research note on Thursday, July 7th. They set a “buy” rating and a $65.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. CBS Corp. has an average rating of “Buy” and an average target price of $62.64.

CBS Corp. (NYSE:CBS) traded down 0.29% during midday trading on Tuesday, hitting $55.23. The company had a trading volume of 2,739,759 shares. CBS Corp. has a 12 month low of $41.36 and a 12 month high of $58.22. The company has a market cap of $24.56 billion, a price-to-earnings ratio of 16.34 and a beta of 1.81. The firm has a 50-day moving average price of $53.07 and a 200-day moving average price of $53.83.

A number of institutional investors have recently modified their holdings of the company. Capital World Investors increased its position in CBS Corp. by 1.9% in the second quarter. Capital World Investors now owns 33,362,722 shares of the media conglomerate’s stock valued at $1,816,267,000 after buying an additional 612,557 shares during the last quarter. Bank of New York Mellon Corp increased its position in CBS Corp. by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 9,700,725 shares of the media conglomerate’s stock valued at $528,106,000 after buying an additional 401,343 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in CBS Corp. by 0.8% in the second quarter. UBS Asset Management Americas Inc. now owns 1,995,965 shares of the media conglomerate’s stock valued at $108,660,000 after buying an additional 16,809 shares during the last quarter. Legal & General Group Plc increased its position in CBS Corp. by 1.8% in the first quarter. Legal & General Group Plc now owns 1,941,497 shares of the media conglomerate’s stock valued at $106,956,000 after buying an additional 34,593 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its position in CBS Corp. by 1,184,230.8% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,883,086 shares of the media conglomerate’s stock valued at $102,515,000 after buying an additional 1,882,927 shares during the last quarter. 76.80% of the stock is owned by hedge funds and other institutional investors.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Friday, September 9th were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, September 7th. This is a boost from CBS Corp.’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a yield of 1.30%. CBS Corp.’s payout ratio is currently 21.30%.

About CBS Corp.

CBS Corporation is a mass media company. The Company’s segments include Entertainment, Cable Networks, Publishing and Local Broadcasting. Its Entertainment segment is composed of the CBS Television Network; CBS Television Studios; CBS Global Distribution Group (composed of CBS Studios International and CBS Television Distribution); CBS Interactive, and CBS Films.

5 Day Chart for NYSE:CBS

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