CBS (CBS) Scheduled to Post Quarterly Earnings on Thursday

CBS (NYSE:CBS) will be announcing its earnings results after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of $1.20 per share for the quarter.

CBS (NYSE CBS) opened at $53.44 on Thursday. CBS has a fifty-two week low of $52.75 and a fifty-two week high of $70.10. The company has a current ratio of 1.55, a quick ratio of 1.10 and a debt-to-equity ratio of 3.03. The stock has a market cap of $21,380.00, a PE ratio of 15.53, a PEG ratio of 0.81 and a beta of 1.50.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, March 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.35%. CBS’s dividend payout ratio (DPR) is currently 20.93%.

Several equities analysts have recently issued reports on CBS shares. Royal Bank of Canada cut their price objective on shares of CBS from $77.00 to $66.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Cowen restated a “buy” rating and set a $69.00 price objective on shares of CBS in a report on Friday, October 27th. Zacks Investment Research upgraded shares of CBS from a “sell” rating to a “hold” rating in a report on Monday, October 30th. ValuEngine downgraded shares of CBS from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Benchmark reiterated a “buy” rating and issued a $78.00 price target on shares of CBS in a report on Tuesday, January 16th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. CBS presently has an average rating of “Buy” and a consensus target price of $70.96.

In other news, COO Joseph R. Ianniello sold 2,263 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $60.00, for a total transaction of $135,780.00. Following the sale, the chief operating officer now owns 551,494 shares of the company’s stock, valued at approximately $33,089,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joseph R. Ianniello sold 46,621 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $60.01, for a total transaction of $2,797,726.21. Following the sale, the chief operating officer now directly owns 321,463 shares in the company, valued at approximately $19,290,994.63. The disclosure for this sale can be found here. Insiders have sold a total of 226,377 shares of company stock worth $13,319,103 in the last ninety days. Corporate insiders own 2.03% of the company’s stock.

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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.

Earnings History for CBS (NYSE:CBS)

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