News articles about CBS Corporation (NYSE:CBS) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CBS Corporation earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned press coverage about the media conglomerate an impact score of 43.4747074983022 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- Edwards Lifesciences Corporation (NYSE:EW) Shares Sold by Strs Ohio (currenthollywood.com)
- Carnival Corporation (CUK) Reaches New 1-Year High at $69.61 (techkenyot.com)
- Production Machine: Analyst Feels Comfortable With CBS As Top Pick After Exec Dinner (finance.yahoo.com)
- Wedbush Securities Inc. Has $733000 Position in Prospect Capital Corporation (PSEC) (famososartistas.com)
- PlayStation Vue touts ABC deals, fuboTV lights up CBS as vMVPD arms race continues to ramp up (fiercecable.com)
CBS has been the subject of a number of recent analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $71.00 price objective on shares of CBS Corporation in a research report on Wednesday, June 14th. Guggenheim reaffirmed a “buy” rating and set a $78.00 price target on shares of CBS Corporation in a research report on Tuesday, June 13th. Royal Bank Of Canada set a $75.00 price objective on shares of CBS Corporation and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Benchmark Co. increased their price objective on shares of CBS Corporation from $74.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Finally, Needham & Company LLC raised their price target on shares of CBS Corporation from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Six analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. CBS Corporation currently has an average rating of “Buy” and an average price target of $72.94.
Shares of CBS Corporation (NYSE CBS) traded down 1.35% during midday trading on Friday, reaching $64.80. The company had a trading volume of 1,922,117 shares. The company has a 50 day moving average of $65.06 and a 200 day moving average of $65.03. CBS Corporation has a 12-month low of $48.88 and a 12-month high of $70.10. The firm has a market capitalization of $26.03 billion, a price-to-earnings ratio of 164.89 and a beta of 1.71.
CBS Corporation (NYSE:CBS) last announced its quarterly earnings data on Monday, August 7th. The media conglomerate reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.09 billion. CBS Corporation had a return on equity of 49.51% and a net margin of 1.27%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 earnings per share. Analysts anticipate that CBS Corporation will post $4.46 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 8th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.11%. CBS Corporation’s payout ratio is 211.76%.
In other news, EVP Anthony G. Ambrosio sold 8,167 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $65.96, for a total value of $538,695.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gil D. Schwartz sold 5,270 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $64.08, for a total value of $337,701.60. Following the completion of the transaction, the executive vice president now owns 60,322 shares in the company, valued at approximately $3,865,433.76. The disclosure for this sale can be found here. Insiders sold 226,874 shares of company stock worth $14,499,946 in the last 90 days. Company insiders own 1.67% of the company’s stock.
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CBS Corporation Company Profile
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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