Macquarie Research Analysts Cut Earnings Estimates for CBS Co

Calvin Saunders
May 6, 2018

CBS (NYSE:CBS) last announced its quarterly earnings data on Thursday, February 15th. The media conglomerate reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.14 by $0.06. Virtus Investment Advisers Inc who had been investing in Cbs Corp New for a number of months, seems to be less bullish one the $19.56 billion market cap company. To measure price-variation, we found CBS's volatility during a week at 2.36% and during a month it has been found around 2.39%.

For the quarter, CBS swung to a $511 million profit, or $1.32 a share, from a year-ago loss of $252 million. During the same quarter in the previous year, the business earned $1.04 EPS. Ticker's shares touched $48.69 during the last trading session after 0.61% change.CBS Corporation has volume of 2.88M shares. The company's stock had a trading volume of 2,232,408 shares, compared to its average volume of 4,019,730.

CBS, based in NY, had a rocky start to the year. The stock has a market capitalization of $18,749.40, a price-to-earnings ratio of 12.69, a PEG ratio of 0.69 and a beta of 1.49. The company has a current ratio of 1.58, a quick ratio of 1.12 and a debt-to-equity ratio of 4.78.

(NYSE:CBS) by 27.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. Piper Jaffray set a $70.00 price objective on CBS and gave the stock a "buy" rating in a research report on Wednesday, January 3rd. Benchmark reiterated a "buy" rating and issued a $78.00 target price on shares of CBS in a research note on Tuesday, January 16th.

Among 37 analysts covering CBS Corp (NYSE:CBS), 28 have Buy rating, 0 Sell and 9 Hold. The stock of CBS Corporation (NYSE:CBS) earned "Market Perform" rating by Telsey Advisory Group on Thursday, September 22.

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In other news, CEO Leslie Moonves sold 85,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $50.46, for a total transaction of $4,289,100.00.

Chieftain Capital Management Inc has cut its stake in Commscope Hldg Co Inc (NASDAQ:COMM) and also reduced its holding in Hca Healthcare Inc (NYSE:HCA) by 82,332 shares in the quarter, for a total of 2.47M shares. Finally, Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of CBS in the 4th quarter valued at $227,000. We Are One Seven LLC acquired a new position in shares of CBS during the fourth quarter worth about $137,000. In the last quarter, insiders have sold 255,000 shares of company stock worth $13,310,150. Financial Gravity Companies Inc. acquired a new stake in shares of CBS in the 4th quarter valued at approximately $143,000. Advisors Preferred LLC acquired a new stake in shares of CBS in the 4th quarter valued at $213,000. Its down 0.44, from 1.03 in 2017Q3. Insiders own 1.80% of the company's stock. CBS's dividend payout ratio is now 17.18%.

Investment analysts at Macquarie lowered their Q2 2018 earnings per share estimates for shares of CBS in a research report issued to clients and investors on Monday, April 9th, Zacks Investment Research reports. "(CBS) to Post $1.18 Earnings Per Share" was originally published by The Lincolnian Online and is owned by of The Lincolnian Online.

For personal guess ROI is usually expressed as a percentage and is typically used for taking any financial decisions, for the goal of comparing a CBS Corporation (NYSE:CBS)'s profitability or to compare the efficiency of different investments, hence, CBS return on investment (ROI) is 17.70%.

Moonves acknowledged the competition for talent is heating up, noting that Shonda Rhimes and others have signed big deals with Netflix, but said it is likely that Chuck Lorre, creator of The Big Bang Theory, Two and a Half Men and other hit shows, has made hundreds of millions on the back end of his CBS deals.

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