CBS Corporation (NYSE:CBS) – Stock analysts at Barrington Research increased their Q3 2017 EPS estimates for CBS Corporation in a research report issued to clients and investors on Wednesday. Barrington Research analyst J. Goss now expects that the media conglomerate will earn $1.13 per share for the quarter, up from their previous forecast of $1.12. Barrington Research also issued estimates for CBS Corporation’s FY2017 earnings at $4.45 EPS, Q1 2018 earnings at $1.21 EPS, Q2 2018 earnings at $1.17 EPS, Q3 2018 earnings at $1.30 EPS and Q4 2018 earnings at $1.43 EPS.

A number of other brokerages have also weighed in on CBS. Pivotal Research reiterated a “hold” rating and set a $67.00 target price on shares of CBS Corporation in a research report on Sunday, April 23rd. Rosenblatt Securities increased their target price on shares of CBS Corporation to $40.00 and gave the stock a “neutral” rating in a research report on Monday, April 17th. Guggenheim reiterated a “buy” rating and set a $80.00 target price on shares of CBS Corporation in a research report on Friday, April 14th. Needham & Company LLC increased their target price on shares of CBS Corporation from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Finally, BidaskClub upgraded shares of CBS Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Six investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $72.94.

COPYRIGHT VIOLATION WARNING: “Q3 2017 EPS Estimates for CBS Corporation (CBS) Increased by Analyst” was originally posted by Daily Political and is the property of of Daily Political. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/11/q3-2017-eps-estimates-for-cbs-corporation-cbs-increased-by-analyst.html.

Shares of CBS Corporation (NYSE CBS) opened at 66.19 on Friday. The stock’s 50 day moving average is $64.67 and its 200-day moving average is $64.93. The firm has a market cap of $26.59 billion, a PE ratio of 168.42 and a beta of 1.71. CBS Corporation has a 1-year low of $48.88 and a 1-year high of $70.10.

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

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 8th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, September 7th. CBS Corporation’s payout ratio is currently 211.76%.

In other CBS Corporation news, CEO Leslie Moonves sold 200,000 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $63.79, for a total transaction of $12,758,000.00. Following the transaction, the chief executive officer now directly owns 1,232,652 shares in the company, valued at $78,630,871.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gil D. Schwartz sold 5,270 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $64.08, for a total transaction of $337,701.60. Following the transaction, the executive vice president now owns 60,322 shares in the company, valued at $3,865,433.76. The disclosure for this sale can be found here. Insiders have sold 218,707 shares of company stock worth $13,961,251 over the last quarter. Company insiders own 1.67% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CBS. Dupont Capital Management Corp acquired a new position in shares of CBS Corporation during the second quarter worth approximately $102,000. Israel Discount Bank of New York acquired a new position in shares of CBS Corporation during the first quarter worth approximately $114,000. Parallel Advisors LLC boosted 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 worth $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 worth approximately $120,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of CBS Corporation during the first quarter worth approximately $157,000. Institutional investors and hedge funds own 75.42% of the company’s stock.

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.