CBS Co. (NYSE:CBS) – Research analysts at Imperial Capital decreased their Q1 2019 EPS estimates for shares of CBS in a research note issued on Monday, February 11th. Imperial Capital analyst D. Miller now anticipates that the media conglomerate will earn $1.55 per share for the quarter, down from their previous estimate of $1.56. Imperial Capital currently has a “Buy” rating on the stock. Imperial Capital also issued estimates for CBS’s Q4 2019 earnings at $1.56 EPS, FY2019 earnings at $5.78 EPS, Q1 2020 earnings at $1.60 EPS, Q2 2020 earnings at $1.48 EPS, Q3 2020 earnings at $1.60 EPS, Q4 2020 earnings at $1.91 EPS and FY2020 earnings at $6.58 EPS.
Several other equities research analysts also recently weighed in on CBS. Morgan Stanley reaffirmed an “equal weight” rating and issued a $65.00 price objective on shares of CBS in a report on Monday, October 15th. Zacks Investment Research raised shares of CBS from a “sell” rating to a “hold” rating in a report on Friday, October 26th. Benchmark reaffirmed a “buy” rating and issued a $90.00 price objective on shares of CBS in a report on Friday, November 2nd. Royal Bank of Canada upped their price objective on shares of CBS to $70.00 and gave the stock a “positive” rating in a report on Friday, November 2nd. They noted that the move was a valuation call. Finally, Goldman Sachs Group started coverage on shares of CBS in a report on Thursday, November 29th. They issued a “neutral” rating and a $59.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $65.38.
CBS stock opened at $48.09 on Tuesday. The stock has a market capitalization of $18.55 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.59 and a beta of 1.32. CBS has a fifty-two week low of $41.38 and a fifty-two week high of $59.59. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.51 and a quick ratio of 1.05.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 11th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, March 8th. CBS’s payout ratio is 17.18%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Heritage Trust Co raised its holdings in CBS by 2.7% during the 4th quarter. Heritage Trust Co now owns 10,378 shares of the media conglomerate’s stock worth $454,000 after buying an additional 275 shares during the period. Regent Investment Management LLC raised its holdings in CBS by 2.1% during the 4th quarter. Regent Investment Management LLC now owns 14,437 shares of the media conglomerate’s stock worth $631,000 after buying an additional 300 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in CBS by 21.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,750 shares of the media conglomerate’s stock worth $77,000 after buying an additional 307 shares during the period. LPL Financial LLC raised its holdings in CBS by 0.9% during the 4th quarter. LPL Financial LLC now owns 47,406 shares of the media conglomerate’s stock worth $2,073,000 after buying an additional 413 shares during the period. Finally, Trust Co. of Vermont raised its holdings in CBS by 64.6% during the 4th quarter. Trust Co. of Vermont now owns 1,098 shares of the media conglomerate’s stock worth $48,000 after buying an additional 431 shares during the period. 75.25% of the stock is owned by institutional investors.
CBS Corporation operates as a mass media company worldwide. The company operates through four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces, acquires, and distributes theatrical motion pictures; and digital streaming services.
Read More: Capital Gains
Receive News & Ratings for CBS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBS and related companies with MarketBeat.com's FREE daily email newsletter.