CBS (CBS) Receives Daily News Impact Rating of -0.07
Media coverage about CBS (NYSE:CBS) has trended somewhat negative recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CBS earned a news sentiment score of -0.07 on Accern’s scale. Accern also assigned media stories about the media conglomerate an impact score of 41.952271128231 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern’s scoring:
- John Dickerson Set to Replace Charlie Rose on ‘CBS This Morning’ (finance.yahoo.com)
- Why Rising Debt Remains a Concern for CBS (finance.yahoo.com)
- CBS taps John Dickerson to replace Charlie Rose on ‘CBS This Morning’ (finance.yahoo.com)
- Why CBS’s Publishing Business Looks Stable (finance.yahoo.com)
- [$$] John Dickerson to Replace Charlie Rose on ‘CBS This Morning’ (finance.yahoo.com)
Shares of CBS (NYSE:CBS) traded up $0.67 on Wednesday, reaching $56.66. The company had a trading volume of 3,773,426 shares, compared to its average volume of 4,240,000. The stock has a market cap of $22,690.00, a PE ratio of 16.47, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.55 and a quick ratio of 1.10. CBS has a twelve month low of $52.75 and a twelve month high of $70.10.
CBS (NYSE:CBS) last released its quarterly earnings results on Thursday, November 2nd. The media conglomerate reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.04. CBS had a return on equity of 58.49% and a net margin of 2.14%. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the firm posted $1.05 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. research analysts predict that CBS will post 4.4 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Monday, December 11th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, December 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.27%. CBS’s payout ratio is currently 20.93%.
CBS has been the topic of a number of research reports. Royal Bank of Canada lowered their target price on CBS from $77.00 to $66.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Cowen reaffirmed a “buy” rating and set a $69.00 target price on shares of CBS in a research report on Friday, October 27th. Zacks Investment Research upgraded CBS from a “sell” rating to a “hold” rating in a report on Monday, October 30th. ValuEngine downgraded CBS from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Guggenheim reiterated a “buy” rating and set a $78.00 price target on shares of CBS in a report on Friday, October 6th. Seven analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. CBS has a consensus rating of “Buy” and a consensus target price of $72.04.
In other news, CEO Leslie Moonves sold 85,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was 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 directly owns 884,513 shares in the company, valued at approximately $51,169,077.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles K. Gifford sold 5,093 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $57.33, for a total value of $291,981.69. Following the transaction, the director now owns 70,273 shares in the company, valued at $4,028,751.09. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,279 shares of company stock worth $5,794,978. Insiders own 2.03% of the company’s stock.
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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