CBS (CBS) Receiving Somewhat Positive News Coverage, Study Shows
News stories about CBS (NYSE:CBS) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CBS earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the media conglomerate an impact score of 45.5801185951867 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Are These Going Behind the Curtain? Eversource Energy (ES), CBS Corporation (CBS) – Market Movers (financialqz.com)
- CBS Corp. : CBS-US: Dividend Analysis : December 11th, 2017 (record date) : By the numbers : December 11, 2017 (finance.yahoo.com)
- Entercom Communications Corp. Announces Receipt of Requisite Consents in CBS Radio Inc.’s Consent Solicitation for 7.250% Senior Notes Due 2024 (wallstreet-online.de)
- Intermediate Trade: CBS Corporation (realmoneypro.thestreet.com)
- CBS trims US staff (tvtonight.com.au)
CBS (NYSE CBS) traded down $0.80 during trading hours on Wednesday, hitting $57.17. 3,145,222 shares of the stock traded hands, compared to its average volume of 4,160,271. CBS has a one year low of $52.75 and a one year high of $70.10. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.10 and a current ratio of 1.55. The company has a market cap of $23,082.27, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 1.04 and a beta of 1.62.
CBS (NYSE:CBS) last posted its quarterly earnings data on Thursday, November 2nd. The media conglomerate reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.04. CBS had a net margin of 2.14% and a return on equity of 58.49%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. research analysts forecast that CBS will post 4.39 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Monday, December 11th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, December 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.26%. CBS’s payout ratio is 98.63%.
Several equities research analysts recently issued reports on the stock. KeyCorp reaffirmed a “hold” rating on shares of CBS in a research note on Tuesday, October 17th. Benchmark reaffirmed a “buy” rating and issued a $81.00 price objective on shares of CBS in a research note on Wednesday, September 27th. Citigroup reaffirmed a “buy” rating and issued a $76.00 price objective (up previously from $75.00) on shares of CBS in a research note on Wednesday, August 23rd. B. Riley reaffirmed a “buy” rating on shares of CBS in a research note on Friday, November 3rd. Finally, Cowen reissued a “buy” rating on shares of CBS in a research report on Thursday, September 21st. Six research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $73.29.
In other news, Director Bruce S. Gordon sold 5,093 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $55.50, for a total transaction of $282,661.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Leslie Moonves sold 150,000 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $57.62, for a total transaction of $8,643,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,182,652 shares in the company, valued at approximately $68,144,408.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 315,279 shares of company stock worth $18,376,728. Insiders own 2.03% of the company’s stock.
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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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