CBS (CBS) Scheduled to Post Earnings on Thursday

CBS (NYSE:CBS) will post its quarterly earnings results after the market closes on Thursday, November 1st. Analysts expect CBS to post earnings of $1.23 per share for the quarter.

CBS (NYSE:CBS) last posted its quarterly earnings results on Thursday, August 2nd. The media conglomerate reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. CBS had a net margin of 10.21% and a return on equity of 81.10%. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period last year, the firm posted $1.04 EPS. CBS’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts expect CBS to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

CBS opened at $54.13 on Tuesday. CBS has a 12-month low of $47.54 and a 12-month high of $61.59. The company has a quick ratio of 1.10, a current ratio of 1.60 and a debt-to-equity ratio of 4.37. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 0.68 and a beta of 1.36.



CBS has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of CBS from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Royal Bank of Canada set a $63.00 price target on shares of CBS and gave the stock a “buy” rating in a research report on Friday, August 3rd. UBS Group lowered shares of CBS from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $72.00 to $60.00 in a research report on Monday, September 10th. Argus lowered shares of CBS from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, ValuEngine lowered shares of CBS from a “sell” rating to a “strong sell” rating in a research report on Monday, July 30th. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $66.08.

In other news, EVP Anthony G. Ambrosio sold 3,449 shares of CBS stock in a transaction that occurred on Tuesday, October 9th. The shares were sold at an average price of $57.67, for a total transaction of $198,903.83. Following the completion of the transaction, the executive vice president now directly owns 72,702 shares of the company’s stock, valued at approximately $4,192,724.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Anthony G. Ambrosio sold 11,697 shares of CBS stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $57.53, for a total transaction of $672,928.41. Following the transaction, the executive vice president now directly owns 80,950 shares of the company’s stock, valued at $4,657,053.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,246 shares of company stock valued at $987,668. Insiders own 1.80% of the company’s stock.

CBS Company Profile

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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Earnings History for CBS (NYSE:CBS)

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