$1.23 EPS Expected for CBS Co. Common Stock (CBS) This Quarter
Wall Street analysts forecast that CBS Co. Common Stock (NYSE:CBS) will post earnings of $1.23 per share for the current fiscal quarter, according to Zacks Investment Research. Twenty Eight analysts have made estimates for CBS Co. Common Stock’s earnings, with the highest EPS estimate coming in at $1.33 and the lowest estimate coming in at $1.16. CBS Co. Common Stock reported earnings per share of $1.11 during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.8%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 1st.
On average, analysts expect that CBS Co. Common Stock will report full-year earnings of $5.25 per share for the current financial year, with EPS estimates ranging from $5.20 to $5.29. For the next financial year, analysts expect that the firm will report earnings of $5.87 per share, with EPS estimates ranging from $5.22 to $6.23. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover CBS Co. Common Stock.
CBS Co. Common Stock (NYSE:CBS) last posted its earnings results on Thursday, August 2nd. The media conglomerate reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.01. CBS Co. Common Stock had a return on equity of 81.10% and a net margin of 10.21%. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the previous year, the business earned $1.04 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis.
In other CBS Co. Common Stock news, EVP Gil D. Schwartz sold 160,709 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $55.08, for a total transaction of $8,851,851.72. Following the completion of the sale, the executive vice president now directly owns 110,252 shares of the company’s stock, valued at approximately $6,072,680.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Anthony G. Ambrosio sold 15,679 shares of the company’s stock in a transaction that occurred on Monday, June 25th. The shares were sold at an average price of $56.03, for a total value of $878,494.37. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 242,067 shares of company stock valued at $13,448,647. 1.80% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Markston International LLC acquired a new position in CBS Co. Common Stock during the 1st quarter worth approximately $100,000. Private Capital Group LLC increased its position in CBS Co. Common Stock by 430.9% during the 1st quarter. Private Capital Group LLC now owns 2,076 shares of the media conglomerate’s stock worth $107,000 after purchasing an additional 1,685 shares during the period. Squar Milner Financial Services LLC acquired a new position in CBS Co. Common Stock during the 2nd quarter worth approximately $122,000. Greenleaf Trust acquired a new position in CBS Co. Common Stock during the 2nd quarter worth approximately $240,000. Finally, Mathes Company Inc. acquired a new position in CBS Co. Common Stock during the 2nd quarter worth approximately $250,000. Institutional investors own 74.85% of the company’s stock.
Shares of CBS Co. Common Stock stock traded down $0.43 on Tuesday, hitting $52.59. The stock had a trading volume of 1,984,300 shares, compared to its average volume of 3,762,653. CBS Co. Common Stock has a 52-week low of $47.54 and a 52-week high of $64.51. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.10 and a current ratio of 1.60. The company has a market capitalization of $19.94 billion, a P/E ratio of 12.55, a PEG ratio of 0.68 and a beta of 1.40.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Monday, September 10th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, September 7th. CBS Co. Common Stock’s dividend payout ratio is presently 17.18%.
About CBS Co. Common Stock
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.
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