CBS Short Interest Down 28.3% in April (CBS)
CBS (NYSE:CBS) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 8,329,426 shares, a decline of 28.3% from the April 15th total of 11,615,763 shares, ARN reports. Currently, 1.5% of the shares of the company are sold short. Based on an average daily volume of 8,076,323 shares, the short-interest ratio is currently 1.0 days.
Several analysts have recently commented on the stock. Analysts at Barrington Research cut their price target on shares of CBS from $85.00 to $79.00 in a research note on Friday, May 9th. Separately, analysts at RBC Capital raised their price target on shares of CBS from $69.00 to $70.00 in a research note on Friday, May 9th. Finally, analysts at Evercore Partners cut their price target on shares of CBS from $70.00 to $69.00 in a research note on Friday, May 9th. Three analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.55.
Shares of CBS (NYSE:CBS) opened at 60.75 on Monday. CBS has a 52-week low of $45.61 and a 52-week high of $68.10. The stock’s 50-day moving average is $58.49 and its 200-day moving average is $60.92. The company has a market cap of $34.524 billion and a P/E ratio of 19.18.
CBS (NYSE:CBS) last announced its earnings results on Thursday, May 8th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.03. The company had revenue of $3.86 million for the quarter, compared to the consensus estimate of $4.04 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. On average, analysts predict that CBS will post $3.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Investors of record on Tuesday, June 10th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Friday, June 6th.
CBS Corporation is a mass media company. The Company has operations in segments, which include Entertainment, Cable Networks, Publishing, Local Broadcasting and Outdoor.
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