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. The Cable Networks segment offers subscription program services, such as original series, theatrical feature films, documentaries, boxing and other sports-related programming, and special events. This segment also operates CBS Sports Network, a 24-hour cable program service that provides college sports and related content; and Smithsonian Networks, which operates a channel featuring cultural, historical, scientific, and educational programs. The Publishing segment publishes and distributes adult and children's consumer books in printed, digital, and audio formats; develops special imprints and publishes titles based on the products of the company, as well as that of third parties; and distributes products for other publishers. This segment also delivers content; and promotes its products on its Websites, social media, and general Internet sites, as well as those related to individual titles. The Local Media segment owns 29 broadcast television stations; and operates local Websites, including content from the company's television stations. The company was founded in 1986 and is headquartered in New York, New York.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
Current SymbolNYSE:CBS
Previous Symbol
CUSIP12485720
Phone212-975-4321
Debt
Debt-to-Equity Ratio3.76
Current Ratio1.51
Quick Ratio1.05
Price-To-Earnings
Trailing P/E Ratio13.72
Forward P/E Ratio10.97
P/E Growth0.74
Sales & Book Value
Annual Sales$13.69 billion
Price / Sales1.57
Cash Flow$5.0342 per share
Price / Cash11.42
Book Value$6.72 per share
Price / Book8.56
Profitability
EPS (Most Recent Fiscal Year)$4.19
Net Income$357 million
Net Margins9.42%
Return on Equity86.51%
Return on Assets9.02%
Miscellaneous
Employees12,700
Outstanding Shares374,290,000
Market Cap$21.52 billion
OptionableOptionable
CBS (NYSE:CBS) Frequently Asked Questions
What is CBS's stock symbol?
CBS trades on the New York Stock Exchange (NYSE) under the ticker symbol "CBS."
How often does CBS pay dividends? What is the dividend yield for CBS?
CBS declared a quarterly dividend on Tuesday, November 6th. Stockholders of record on Tuesday, December 11th will be given a dividend of $0.18 per share on Tuesday, January 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Monday, December 10th. View CBS's Dividend History.
How were CBS's earnings last quarter?
CBS Co. (NYSE:CBS) issued its quarterly earnings data on Thursday, November, 1st. The media conglomerate reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.22 by $0.02. The media conglomerate had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.25 billion. CBS had a net margin of 9.42% and a return on equity of 86.51%. CBS's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $1.11 EPS. View CBS's Earnings History.
When is CBS's next earnings date?
What price target have analysts set for CBS?
21 equities research analysts have issued twelve-month target prices for CBS's stock. Their predictions range from $53.00 to $90.00. On average, they anticipate CBS's stock price to reach $66.5132 in the next twelve months. This suggests a possible upside of 15.7% from the stock's current price. View Analyst Price Targets for CBS.
What is the consensus analysts' recommendation for CBS?
21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CBS in the last year. There are currently 9 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CBS.
What are Wall Street analysts saying about CBS stock?
Here are some recent quotes from research analysts about CBS stock:
- 1. Imperial Capital analysts commented, "We remain comfortable with the Coach brand’s global +LSD% comp sales growth trajectory. At retail, we note 3 supportive factors: 1) the recent Selena Gomez capsule that spanned across categories (handbags, ready-to-wear; September), 2) global excitement around the new higher-end Dreamer bag ($495; August), and 3) last fiscal year’s Signature re-launch (don’t lap this until 3Q). In outlets, the new Edit bag sits in the ‘best’ classification within the outlet product pyramid and reflects an increasing focus on improving outlet AUR with innovation at the high-end. In terms of KPIs, conversion remains the largest opportunity overall, aided by the filling in of product gaps, particularly in the $300-$500 handbag bucket." (11/5/2018)
- 2. Benchmark Co. analysts commented, "We continue to believe CBS represents the best standalone content play remaining on the market and would not be surprised if a bid emerges before the stand-still expires." (11/2/2018)
- 3. According to Zacks Investment Research, "CBS is benefiting from strong demand for content, rise in retransmission rates and expansion of direct-to-consumer business. Additionally, several strategic deals with Sinclair, AT&T, Nexstar and others have positioned CBS favorably, enabling it to meet retransmission targets much ahead of schedule. Moreover, the company has an average four-quarter positive earnings surprise of 4.53%. For the third quarter, CBS expects Local Media revenues to increase at a double-digit rate as mid-term elections are coming closer. However, currency fluctuations and higher expenditure for original programming might prove to be a drag. Shares have underperformed the industry on a year-to-date basis." (10/26/2018)
- 4. Barrington Research analysts commented, "We are confident in Mr. Ianniello’s capability to direct the operations of CBS. He has been a close partner of Mr. Moonves and actively involved in all of the key initiatives that have defined CBS in recent years. Mr. Moonves and Mr. Ianniello are both strong and decisive personalities with exceptional drive and motivation. Mr. Moonves also has had a reputation as having exceptional creative skills and instincts. Together, they outlined a multi‐year strategy at an Investor Day a few years ago that continues to be the CBS playbook. Mr. Ianniello is a long‐ tenured member of management and has a highly accomplished track record as COO and CFO of CBS. During this period, the company has transformed its revenue mix, reducing its ad related volatility while growing its stable retransmission and syndication revenues." (9/10/2018)
- 5. Pivotal Research analysts commented, "We continue to value CBS stock at $64 on a YE2018 basis and rate it Hold. CBS reported revenue of $3.9bn for 4Q17, +11% vs. the year-ago period, with adjusted operating income of $739mm and a 19% margin as well as adjusted EPS of $1.20. We forecast +6% revenue growth and $757mm of OI, or 20% margins, with an EPS of $1.15 vs. StreetAccount consensus of +5% revenue growth, $737mm of OI and EPS of $1.14 Revenues were up most at the Entertainment segment, rising +18% on slightly higher margins. Cable networks rose by +9% and Publishing was up by +12% while Local Media was down -14%, largely because of the absence of political advertising. Across the company, non-advertising activities were responsible for more than all of the growth in the quarter, as advertising was down by -3% despite the inclusion of the newly acquired Australia’s Ten Network." (2/16/2018)
Has CBS been receiving favorable news coverage?
Media headlines about CBS stock have been trending neutral recently, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. CBS earned a daily sentiment score of 0.2 on InfoTrie's scale. They also gave news stories about the media conglomerate a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near term.
Who are some of CBS's key competitors?
Some companies that are related to CBS include SKY (SKYAY), CBS (CBS.A), Grupo Televisa SAB (TV), Liberty Media Formula One Series C (FWONK), Liberty Media Formula One Series A (FWONA), Liberty Media Formula One Series B (FWONB), PROSIEBENSAT 1/ADR (PBSFY), Nexstar Media Group (NXST), Tribune (TRCO), Sinclair Broadcast Group (SBGI), TEGNA (TGNA), Television Francaise 1 (TVFCF), Gray Television (GTN), Gray Television (GTN.A) and Central European Media Enterprises (CETV).
Who are CBS's key executives?
CBS's management team includes the folowing people:
- Mr. Joseph R. Ianniello, Pres & Acting CEO (Age 50)
- Mr. Anthony G. Ambrosio, Sr. EVP, Chief Admin. Officer & Chief HR Officer (Age 57)
- Mr. Lawrence P. Tu, Sr. EVP & Chief Legal Officer (Age 64)
- Mr. Gil D. Schwartz, Sr. EVP & Chief Communications Officer (Age 66)
- Ms. Jo Ann Ross, Pres of Sales & Chief Advter. Revenue Officer
Who are CBS's major shareholders?
CBS's stock is owned by many different of retail and institutional investors. Top institutional investors include Capital Research Global Investors (8.76%), Capital World Investors (6.39%), Capital International Investors (1.07%), TIAA CREF Investment Management LLC (1.05%), Victory Capital Management Inc. (0.86%) and Sound Shore Management Inc. CT (0.78%). Company insiders that own CBS stock include Anthony G Ambrosio, Arnold Kopelson, Bruce S Gordon, Charles K Gifford, Eugene Beukman, Gil D Schwartz, Jonathan Anschell, Joseph R Ianniello, Lawrence Tu and Leslie Moonves. View Institutional Ownership Trends for CBS.
Which major investors are selling CBS stock?
CBS stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, TIAA CREF Investment Management LLC, Sound Shore Management Inc. CT, Russell Investments Group Ltd., Mitsubishi UFJ Trust & Banking Corp, Credit Suisse AG, American Century Companies Inc. and State of New Jersey Common Pension Fund D. Company insiders that have sold CBS company stock in the last year include Anthony G Ambrosio, Arnold Kopelson, Gil D Schwartz, Jonathan Anschell, Joseph R Ianniello and Leslie Moonves. View Insider Buying and Selling for CBS.
Which major investors are buying CBS stock?
CBS stock was acquired by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Capital International Investors, Victory Capital Management Inc., Capital Guardian Trust Co., Menora Mivtachim Holdings LTD., First Republic Investment Management Inc., Ferguson Wellman Capital Management Inc. and Jennison Associates LLC. View Insider Buying and Selling for CBS.
How do I buy shares of CBS?
Shares of CBS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is CBS's stock price today?
One share of CBS stock can currently be purchased for approximately $57.49.
How big of a company is CBS?
CBS has a market capitalization of $21.52 billion and generates $13.69 billion in revenue each year. The media conglomerate earns $357 million in net income (profit) each year or $4.19 on an earnings per share basis. CBS employs 12,700 workers across the globe.
What is CBS's official website?
How can I contact CBS?
CBS's mailing address is 51 WEST 52ND STREET 35TH FLOOR, NEW YORK NY, 10019. The media conglomerate can be reached via phone at 212-975-4321 or via email at [email protected]
MarketBeat Community Rating for CBS (NYSE CBS)
MarketBeat's community ratings are surveys of what our community members think about CBS and other stocks. Vote "Outperform" if you believe CBS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CBS will underperform the S&P 500 over the long term. You may vote once every thirty days.
