CBS Corporation (NYSE:CBS) – Analysts at Barrington Research cut their Q4 2017 earnings per share (EPS) estimates for shares of CBS Corporation in a research note issued on Wednesday. Barrington Research analyst J. Goss now expects that the media conglomerate will post earnings per share of $1.22 for the quarter, down from their previous forecast of $1.26. Barrington Research also issued estimates for CBS Corporation’s FY2019 earnings at $6.00 EPS.

Several other equities analysts have also weighed in on the stock. BMO Capital Markets restated an “outperform” rating on shares of CBS Corporation in a report on Friday, May 12th. BidaskClub upgraded shares of CBS Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Pivotal Research reissued a “hold” rating and issued a $67.00 target price on shares of CBS Corporation in a research report on Sunday, April 23rd. Benchmark Co. boosted their target price on shares of CBS Corporation from $74.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Finally, Guggenheim reissued a “buy” rating and issued a $78.00 target price on shares of CBS Corporation in a research report on Tuesday, June 13th. Six analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $72.60.

COPYRIGHT VIOLATION NOTICE: This article was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/08/10/q4-2017-eps-estimates-for-cbs-corporation-cbs-lowered-by-analyst.html.

Shares of CBS Corporation (NYSE CBS) traded up 0.49% during trading on Thursday, hitting $65.67. The stock had a trading volume of 616,006 shares. CBS Corporation has a 12-month low of $48.88 and a 12-month high of $70.10. The stock’s 50-day moving average is $64.57 and its 200-day moving average is $64.92. The stock has a market cap of $26.38 billion, a price-to-earnings ratio of 167.10 and a beta of 1.71.

CBS Corporation (NYSE:CBS) last issued its quarterly earnings results on Monday, August 7th. The media conglomerate reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.07. CBS Corporation had a return on equity of 49.51% and a net margin of 1.27%. The company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year.

A number of large investors have recently bought and sold shares of CBS. Dupont Capital Management Corp purchased a new stake in CBS Corporation during the second quarter valued at $102,000. Israel Discount Bank of New York acquired a new position in shares of CBS Corporation during the first quarter valued at approximately $114,000. Parallel Advisors LLC increased its position in shares of CBS Corporation by 42.5% in the second quarter. Parallel Advisors LLC now owns 1,785 shares of the media conglomerate’s stock valued at $118,000 after buying an additional 532 shares during the last quarter. Ruggie Capital Group acquired a new position in shares of CBS Corporation during the first quarter valued at approximately $120,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of CBS Corporation during the first quarter valued at approximately $157,000. 75.42% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Anthony G. Ambrosio sold 8,167 shares of the business’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $63.78, for a total value of $520,891.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gil D. Schwartz sold 5,270 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $64.08, for a total transaction of $337,701.60. Following the completion of the sale, the executive vice president now directly owns 60,322 shares of the company’s stock, valued at approximately $3,865,433.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 218,707 shares of company stock worth $13,961,251. Corporate insiders own 1.67% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 8th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.10%. CBS Corporation’s dividend payout ratio is currently 211.76%.

CBS Corporation 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.

Earnings History and Estimates for CBS Corporation (NYSE:CBS)

Receive News & Ratings for CBS Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBS Corporation and related companies with MarketBeat.com's FREE daily email newsletter.