CBS Corporation (NYSE:CBS) released its quarterly earnings results on Monday. The media conglomerate reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.07, Briefing.com reports. CBS Corporation had a return on equity of 41.55% and a net margin of 3.96%. The business had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year.

Shares of CBS Corporation (CBS) traded up 1.41% during trading on Monday, hitting $64.52. The company had a trading volume of 4,136,234 shares. CBS Corporation has a 12-month low of $48.88 and a 12-month high of $70.10. The stock has a 50-day moving average of $64.01 and a 200 day moving average of $64.87. The stock has a market capitalization of $26.19 billion, a price-to-earnings ratio of 52.63 and a beta of 1.71.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 8th will be given 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 1.12%. CBS Corporation’s dividend payout ratio is presently 63.72%.

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In other CBS Corporation news, EVP Gil D. Schwartz sold 5,270 shares of CBS Corporation stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $64.08, for a total value of $337,701.60. Following the completion of the sale, the executive vice president now directly owns 60,322 shares in the company, valued at $3,865,433.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Anthony G. Ambrosio sold 8,167 shares of CBS Corporation stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $63.78, for a total value of $520,891.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 218,707 shares of company stock valued at $13,961,251. 2.03% of the stock is currently owned by corporate insiders.

A number of research analysts recently issued reports on the company. BidaskClub raised CBS Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. Benchmark Co. lifted their price target on CBS Corporation from $74.00 to $76.00 and gave the company a “buy” rating in a report on Friday, May 5th. Pivotal Research reaffirmed a “hold” rating and issued a $67.00 price target on shares of CBS Corporation in a report on Sunday, April 23rd. Cowen and Company reaffirmed an “outperform” rating and issued a $70.00 price target on shares of CBS Corporation in a report on Monday, May 15th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $78.00 price target on shares of CBS Corporation in a report on Tuesday, June 13th. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $71.98.

About CBS Corporation

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 for CBS Corporation (NYSE:CBS)

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