Wall Street brokerages expect that CBS Co. (NYSE:CBS) will post earnings per share of $1.18 for the current fiscal quarter, Zacks reports. Twenty Eight analysts have provided estimates for CBS’s earnings. The highest EPS estimate is $1.23 and the lowest is $1.13. CBS reported earnings per share of $1.11 in the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The business is expected to issue its next quarterly earnings results on Wednesday, February 21st.

On average, analysts expect that CBS will report full-year earnings of $4.39 per share for the current year, with EPS estimates ranging from $4.34 to $4.45. For the next year, analysts forecast that the company will report earnings of $5.02 per share, with EPS estimates ranging from $4.75 to $5.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for CBS.

CBS (NYSE:CBS) last issued its earnings results on Thursday, November 2nd. The media conglomerate reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.04. CBS had a net margin of 13.69% and a return on equity of 59.65%. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the company posted $1.05 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of CBS from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Benchmark restated a “buy” rating and issued a $78.00 target price on shares of CBS in a report on Tuesday. KeyCorp restated a “hold” rating on shares of CBS in a report on Tuesday, October 17th. Pivotal Research restated a “hold” rating and issued a $64.00 target price (up previously from $62.00) on shares of CBS in a report on Tuesday, January 9th. Finally, Piper Jaffray Companies set a $70.00 target price on shares of CBS and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Seven analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. CBS has an average rating of “Buy” and a consensus price target of $71.96.

In related news, Director Arnold Kopelson sold 5,093 shares of CBS stock in a transaction on Monday, December 4th. The shares were sold at an average price of $59.51, for a total transaction of $303,084.43. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Leslie Moonves sold 85,000 shares of CBS stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $57.85, for a total transaction of $4,917,250.00. Following the transaction, the chief executive officer now owns 884,513 shares in the company, valued at approximately $51,169,077.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,279 shares of company stock worth $5,794,978. 2.03% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Griffin Asset Management Inc. purchased a new position in shares of CBS during the 2nd quarter valued at $340,000. Intellectus Partners LLC lifted its stake in shares of CBS by 8.4% during the 2nd quarter. Intellectus Partners LLC now owns 6,601 shares of the media conglomerate’s stock valued at $422,000 after buying an additional 509 shares in the last quarter. Green Square Capital LLC lifted its stake in shares of CBS by 18.4% during the 2nd quarter. Green Square Capital LLC now owns 7,390 shares of the media conglomerate’s stock valued at $473,000 after buying an additional 1,150 shares in the last quarter. Baltimore Capital Management Inc. purchased a new position in shares of CBS during the 3rd quarter valued at $570,000. Finally, Murphy Capital Management Inc. lifted its stake in shares of CBS by 40.2% during the 3rd quarter. Murphy Capital Management Inc. now owns 10,435 shares of the media conglomerate’s stock valued at $605,000 after buying an additional 2,990 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Shares of CBS (NYSE:CBS) traded up $0.60 during mid-day trading on Tuesday, reaching $59.43. 5,818,800 shares of the company traded hands, compared to its average volume of 3,960,000. CBS has a 52 week low of $52.75 and a 52 week high of $70.10. The company has a quick ratio of 1.10, a current ratio of 1.55 and a debt-to-equity ratio of 3.03. The stock has a market capitalization of $23,800.00, a PE ratio of 17.28, a P/E/G ratio of 0.93 and a beta of 1.62.

The company also recently announced a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Monday, December 11th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Friday, December 8th. CBS’s dividend payout ratio (DPR) is 20.93%.

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About CBS

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.

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Earnings History and Estimates for CBS (NYSE:CBS)

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