CBS Corporation Company Profile (NYSE:CBS)

About CBS Corporation (NYSE:CBS)

CBS Corporation logoCBS 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. The Cable Networks segment comprises Showtime Networks, which operates its subscription program services, Showtime, The Movie Channel, and Flix. The Publishing segment comprises Simon & Schuster, which publishes and distributes consumer books under imprints such as Simon & Schuster, Pocket Books, Scribner and Gallery Books. The Local Media segment comprises CBS TV Stations, it owns 30 broadcast TV stations; and CBS Local Digital Media. Its businesses span the media and entertainment industries, including the CBS TV Network, cable networks and content production and distribution.

Industry, Sector and Symbol:
  • Sector: Consumer Discretionary
  • Industry: Broadcasting
  • Sub-Industry: Broadcasting
  • Symbol: NYSE:CBS
  • CUSIP: 12485720
  • Web: www.cbscorporation.com
Capitalization:
  • Market Cap: $23.66534 billion
  • Outstanding Shares: 401,653,000
Average Prices:
  • 50 Day Moving Avg: $58.57
  • 200 Day Moving Avg: $62.76
  • 52 Week Range: $55.03 - $70.10
P/E:
  • Trailing P/E Ratio: 147.46
  • Foreward P/E Ratio: 11.39
  • P/E Growth: 0.87
Sales & Book Value:
  • Annual Revenue: $13.2 billion
  • Price / Sales: 1.76
  • Book Value: $6.52 per share
  • Price / Book: 8.89
Dividend:
  • Annual Dividend: $0.72
  • Dividend Yield: 1.2%
Profitability:
  • EBITDA: $3.05 billion
  • Net Margins: 1.27%
  • Return on Equity: 49.51%
  • Return on Assets: 7.68%
Debt:
  • Debt-to-Equity Ratio: 3.39%
  • Current Ratio: 1.76%
  • Quick Ratio: 1.28%
Misc:
  • Average Volume: 3.08 million shs.
  • Beta: 1.69
 

Frequently Asked Questions for CBS Corporation (NYSE:CBS)

What is CBS Corporation's stock symbol?

CBS Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "CBS."

How often does CBS Corporation pay dividends? What is the dividend yield for CBS Corporation?

CBS Corporation declared a quarterly dividend on Friday, July 28th. Shareholders of record on Friday, September 8th will be given a dividend of $0.18 per share on Sunday, October 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, September 7th. View CBS Corporation's Dividend History.

How were CBS Corporation's earnings last quarter?

CBS Corporation (NYSE:CBS) announced its quarterly earnings results on Monday, August, 7th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm earned $3.26 billion during the quarter, compared to the consensus estimate of $3.09 billion. CBS Corporation had a net margin of 1.27% and a return on equity of 49.51%. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.93 earnings per share. View CBS Corporation's Earnings History.

When will CBS Corporation make its next earnings announcement?

CBS Corporation is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for CBS Corporation.

Where is CBS Corporation's stock going? Where will CBS Corporation's stock price be in 2017?

27 brokerages have issued 12-month price objectives for CBS Corporation's shares. Their forecasts range from $55.00 to $86.00. On average, they anticipate CBS Corporation's share price to reach $74.78 in the next twelve months. View Analyst Ratings for CBS Corporation.

What are analysts saying about CBS Corporation stock?

Here are some recent quotes from research analysts about CBS Corporation stock:

  • 1. According to Zacks Investment Research, "Shares of CBS have underperformed the industry in the past three months. During the second half of 2017, the company may face tough advertising revenue comparison as the prior year benefited from strong political advertising. Moreover, currency fluctuations and higher expenditure for original programming might prove to be a drag. Nevertheless, CBS is likely to gain from increasing demand for content, rise in retransmission rates, expansion of direct-to-consumer business, sturdy digital presence and upfront fees from traditional distribution partners. These helped the company to post better-than-expected second-quarter 2017 results. We believe with the launch of Showtime's streaming service; online news channel, CBSN; and over-the-top service, CBS All Access, the company is generating incremental revenue. Moreover, the company aims to attain $2.5 billion of revenues from retransmission and reverse compensation by 2020." (10/23/2017)
  • 2. Benchmark Co. analysts commented, "We suspect that estimate will prove conservative given the cross-sport draw (and the unknown undercard, which could feature additional cross-sport matchups) despite what most believe will be an uncompetitive contest, while noting that the $606 million gross forecast includes an estimated $20 million more in PPV sales than Mayweather-Pacquiao. However, given the novelty of the matchup, we prefer to remain conservative at this point in time, raising our estimates by slightly less than what CBS took in for the Mayweather-Pacquiao event." (6/16/2017)
  • 3. BMO Capital Markets analysts commented, "Our Outperform rating is underpinned by leadership positions in the most stable areas of the linear pay TV ecosystem: a broadcast network benefiting from retransmission fee growth, a strong live sports franchise, and most importantly, a domestic cable network portfolio that includes newer networks with growing subscriber bases and/or per sub fees." (5/12/2017)
  • 4. FBR & Co analysts commented, "We update CBS estimates ahead of the 1Q17 earnings report, making very muted changes." (4/7/2017)
  • 5. Guggenheim analysts commented, "Core to our bull thesis on CBS is our confidence in the company's ability to drive continued broadcast subscription revenue growth (retransmission consent and reverse compensation fees) that far exceeds media industry average revenue growth. In 2016, we estimate these revenue sources accounted for nearly $1.1bn or 8% of total company revenue. We forecast 25% revenue growth in 2017'consistent with management guidance'and a 25% CAGR through 2020, slightly ahead of management's multi-year plan introduced in March 2016 ($2.6bn versus a $2.5bn outlook)... We maintain a BUY rating and are raising our price target to $78 from our prior $74. We expect investor confidence in the company's subscription and content revenue streams will drive continued multiple expansion." (2/27/2017)

Who are some of CBS Corporation's key competitors?

Who are CBS Corporation's key executives?

CBS Corporation's management team includes the folowing people:

  • Leslie Moonves, Chairman of the Board, Chief Executive Officer
  • Jo Ann Ross, President, Chief Advertising Revenue Officer
  • Shari E. Redstone, Vice Chair of the Board
  • Joseph R. Ianniello, Chief Operating Officer
  • Anthony G. Ambrosio, Senior Executive Vice President, Chief Administrative Officer and Chief Human Resources Officer
  • Lawrence Liding, Executive Vice President, Chief Accounting Officer, Controller
  • Jonathan Howard Anschell, Executive Vice President, Deputy General Director, Secretary
  • David Lawenda, Executive Vice President - Digital Sales and Sales Strategy
  • Dave Morris, Executive Vice President - Advanced Advertising and Client Partnerships
  • Gil Schwartz, Senior Executive Vice President, Chief Communications Officer

Who owns CBS Corporation stock?

CBS Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Focused Investors LLC (0.40%), PGGM Investments (0.14%), Sit Investment Associates Inc. (0.08%), BB&T Corp (0.05%), Nationwide Fund Advisors (0.03%) and Pensionfund DSM Netherlands (0.01%). Company insiders that own CBS Corporation stock include Anthony G Ambrosio, Gil D Schwartz, Joseph R Ianniello, Lawrence Tu and Leslie Moonves. View Institutional Ownership Trends for CBS Corporation.

Who sold CBS Corporation stock? Who is selling CBS Corporation stock?

CBS Corporation's stock was sold by a variety of institutional investors in the last quarter, including Sit Investment Associates Inc., Foster & Motley Inc., BB&T Corp and Nationwide Fund Advisors. Company insiders that have sold CBS Corporation stock in the last year include Anthony G Ambrosio, Gil D Schwartz, Joseph R Ianniello, Lawrence Tu and Leslie Moonves. View Insider Buying and Selling for CBS Corporation.

Who bought CBS Corporation stock? Who is buying CBS Corporation stock?

CBS Corporation's stock was bought by a variety of institutional investors in the last quarter, including Focused Investors LLC, PGGM Investments, Pensionfund DSM Netherlands, Pensionfund Sabic, Sumitomo Life Insurance Co., Murphy Capital Management Inc. and Eqis Capital Management Inc.. View Insider Buying and Selling for CBS Corporation.

How do I buy CBS Corporation stock?

Shares of CBS Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is CBS Corporation's stock price today?

One share of CBS Corporation stock can currently be purchased for approximately $57.95.


MarketBeat Community Rating for CBS Corporation (NYSE CBS)
Community Ranking:  3.5 out of 5 (star star star half star)
Outperform Votes:  951 (Vote Outperform)
Underperform Votes:  393 (Vote Underperform)
Total Votes:  1,344
MarketBeat's community ratings are surveys of what our community members think about CBS Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for CBS Corporation (NYSE:CBS) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 5 Hold Ratings, 22 Buy Ratings
Consensus Rating:Buy (Score: 2.81)
Consensus Price Target: $74.78 (29.04% upside)
Consensus Price Target History for CBS Corporation (NYSE:CBS)
Price Target History for CBS Corporation (NYSE:CBS)
Analysts' Ratings History for CBS Corporation (NYSE:CBS)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/18/2017BMO Capital MarketsReiterated RatingBuy$75.00N/AView Rating Details
10/17/2017KeyCorpReiterated RatingHoldN/AView Rating Details
10/16/2017Jefferies Group LLCReiterated RatingBuy$73.00N/AView Rating Details
10/13/2017Barclays PLCLower Price TargetEqual Weight$57.00 -> $55.00N/AView Rating Details
10/6/2017GuggenheimReiterated RatingBuy$78.00N/AView Rating Details
10/4/2017Citigroup Inc.Reiterated RatingBuy$76.00 -> $75.00HighView Rating Details
9/27/2017Benchmark Co.Reiterated RatingBuy$81.00LowView Rating Details
9/21/2017Cowen and CompanyReiterated RatingBuyLowView Rating Details
9/20/2017Rosenblatt SecuritiesReiterated RatingBuy$80.00LowView Rating Details
9/13/2017Needham & Company LLCReiterated RatingBuy$80.00MediumView Rating Details
8/20/2017Loop CapitalReiterated RatingBuy$78.00LowView Rating Details
8/10/2017ArgusReiterated RatingBuy$71.00 -> $79.00LowView Rating Details
8/8/2017Royal Bank Of CanadaReiterated RatingOutperform$75.00 -> $77.00LowView Rating Details
6/27/2017Piper Jaffray CompaniesSet Price TargetBuy$75.00N/AView Rating Details
5/5/2017Telsey Advisory GroupBoost Price TargetHold -> Market Perform$66.00 -> $69.00LowView Rating Details
4/23/2017Pivotal ResearchReiterated RatingHold$67.00MediumView Rating Details
4/7/2017FBR & CoReiterated RatingBuy$86.00LowView Rating Details
4/7/2017Wells Fargo & CompanyReiterated RatingOutperform$74.00 -> $77.50HighView Rating Details
3/30/2017InstinetBoost Price TargetBuy$72.00 -> $74.00LowView Rating Details
3/30/2017NomuraBoost Price TargetBuy$72.00 -> $74.00LowView Rating Details
2/6/2017WedbushReiterated RatingOutperform$77.00N/AView Rating Details
2/6/2017Atlantic SecuritiesUpgradeNeutral -> Overweight$78.00N/AView Rating Details
1/20/2017Credit Suisse GroupInitiated CoverageOutperform$75.00N/AView Rating Details
1/6/2017Brean CapitalReiterated RatingBuy$75.00N/AView Rating Details
12/19/2016WunderlichReiterated RatingBuy -> Positive$72.00N/AView Rating Details
12/8/2016J P Morgan Chase & CoReiterated RatingOverweight$69.00N/AView Rating Details
11/4/2016Pacific CrestReiterated RatingHoldN/AView Rating Details
9/6/2016Drexel HamiltonInitiated CoverageBuy$65.00N/AView Rating Details
7/29/2016Deutsche Bank AGBoost Price TargetBuy$65.00 -> $68.00N/AView Rating Details
6/29/2016Morgan StanleyReiterated RatingOverweightN/AView Rating Details
6/17/2016Sanford C. BernsteinReiterated RatingMarket PerformN/AView Rating Details
5/5/2016Bank of America CorporationReiterated RatingBuy$65.00N/AView Rating Details
5/4/2016Topeka Capital MarketsBoost Price TargetBuy$64.00 -> $66.00N/AView Rating Details
4/12/2016Moffett NathansonBoost Price Target$56.00N/AView Rating Details
3/31/2016Barrington ResearchReiterated RatingOutperform$61.00 -> $65.00N/AView Rating Details
3/16/2016Stifel NicolausBoost Price TargetBuy$54.00 -> $60.00N/AView Rating Details
(Data available from 10/24/2015 forward)

Earnings

Earnings History for CBS Corporation (NYSE:CBS)
Earnings by Quarter for CBS Corporation (NYSE:CBS)
Earnings History by Quarter for CBS Corporation (NYSE CBS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/2/2017$1.15N/AView Earnings Details
8/7/2017Q2 2017$0.97$1.04$3.09 billion$3.26 billionViewListenView Earnings Details
5/4/2017Q1 2017$0.95$1.04$3.29 billion$3.34 billionViewListenView Earnings Details
2/15/2017Q416$1.10$1.11$4.03 billion$3.52 billionViewListenView Earnings Details
11/3/2016Q316$0.98$1.05$3.26 million$3.40 millionViewListenView Earnings Details
7/28/2016Q216$0.86$0.93$3.21 billion$3.29 billionViewListenView Earnings Details
5/3/2016Q116$0.94$1.02$3.50 billion$3.85 billionViewListenView Earnings Details
2/11/2016Q415$0.92$0.92$15.77 billion$3.91 billionViewListenView Earnings Details
11/3/2015Q315$0.81$0.88$15.77 million$3.26 billionViewListenView Earnings Details
8/5/2015Q215$0.72$0.74$15.77 billion$3.20 billionViewListenView Earnings Details
5/7/2015Q115$0.75$0.78$3.57 billion$3.50 billionViewListenView Earnings Details
2/12/2015Q414$0.77$0.77$3.65 billion$3.68 billionViewListenView Earnings Details
11/5/2014Q314$0.73$0.74$3.32 billion$3.37 billionViewListenView Earnings Details
8/7/2014Q214$0.72$0.78$3.24 billion$3.19 billionViewListenView Earnings Details
5/8/2014Q114$0.75$0.78$4.04 million$3.86 millionViewListenView Earnings Details
2/12/2014Q413$0.76$0.78$3.52 billion$3.91 billionViewListenView Earnings Details
11/6/2013Q313$0.77$0.76$3.47 billion$3.30 billionViewListenView Earnings Details
7/31/2013Q2 2013$0.72$0.76$3.52 billion$3.70 billionViewListenView Earnings Details
5/1/2013Q1 2013$0.67$0.73$4.01 billion$4.04 billionViewListenView Earnings Details
2/14/2013Q4 2012$0.69$0.64$3.85 billion$3.70 billionViewListenView Earnings Details
11/7/2012Q312$0.61$0.65$3.49 billion$3.42 billionViewN/AView Earnings Details
8/2/2012$0.59$0.65ViewN/AView Earnings Details
5/1/2012$0.43$0.54ViewN/AView Earnings Details
2/15/2012$0.53$0.57ViewN/AView Earnings Details
11/3/2011$0.46$0.50ViewN/AView Earnings Details
8/2/2011$0.45$0.58ViewN/AView Earnings Details
5/3/2011$0.19$0.29ViewN/AView Earnings Details
2/16/2011$0.44$0.46ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for CBS Corporation (NYSE:CBS)
2017 EPS Consensus Estimate: $4.28
2018 EPS Consensus Estimate: $5.03
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20174$0.95$0.99$0.96
Q2 20175$0.89$0.98$0.95
Q3 20175$1.06$1.17$1.12
Q4 20175$1.11$1.39$1.25
Q1 20183$1.12$1.21$1.17
Q2 20183$1.13$1.17$1.15
Q3 20183$1.23$1.36$1.30
Q4 20183$1.33$1.47$1.41
Q1 20191$1.44$1.44$1.44
Q2 20191$1.31$1.31$1.31
Q3 20191$1.51$1.51$1.51
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for CBS Corporation (NYSE:CBS)
Most Recent Dividend:10/1/2017
Annual Dividend:$0.72
Dividend Yield:1.24%
Dividend Growth:9.50% (3 Year Average)
Payout Ratio:211.76% (Trailing 12 Months of Earnings)
16.22% (Based on This Year's Estimates)
14.15% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for CBS Corporation (NYSE:CBS)

Dividend History by Quarter for CBS Corporation (NYSE CBS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/28/2017quarterly$0.181.07%9/7/20179/8/201710/1/2017
5/22/2017quarterly$0.181.16%6/7/20176/9/20177/1/2017
1/27/2017quarterly$0.181.11%3/8/20173/10/20174/1/2017
11/22/2016Quarterly$0.1812/7/201612/9/20161/1/2017
7/28/2016Quarterly$0.189/7/20169/9/201610/1/2016
5/27/2016quarterly$0.151.09%6/8/20166/10/20167/1/2016
1/29/2016quarterly$0.151.26%3/9/20163/11/20164/1/2016
11/25/2015quarterly$0.151.18%12/9/201512/11/20151/1/2016
7/29/2015quarterly$0.151.14%9/8/20159/10/201510/1/2015
5/22/2015quarterly$0.150.97%6/8/20156/10/20157/1/2015
2/2/2015quarterly$0.151.08%3/9/20153/11/20154/1/2015
11/26/2014quarterly$0.151.11%12/9/201412/11/20141/1/2015
8/11/2014quarterly$0.151%9/8/20149/10/201410/1/2014
5/23/2014quarterly$0.120.79%6/6/20146/10/20147/1/2014
1/30/2014quarterly$0.120.81%3/7/20143/11/20144/1/2014
11/26/2013quarterly$0.120.82%12/6/201312/11/20131/1/2014
7/26/2013quarterly$0.120.9%9/6/20139/10/201310/1/2013
5/24/2013quarterly$0.120.95%6/6/20136/10/20137/1/2013
1/29/2013quarterly$0.121.14%3/7/20133/11/20134/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for CBS Corporation (NYSE:CBS)
Insider Ownership Percentage: 2.03%
Institutional Ownership Percentage: 75.12%
Insider Trades by Quarter for CBS Corporation (NYSE:CBS)
Institutional Ownership by Quarter for CBS Corporation (NYSE:CBS)
Insider Trades by Quarter for CBS Corporation (NYSE:CBS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/10/2017Leslie MoonvesCEOSell150,000$57.62$8,643,000.00View SEC Filing  
9/20/2017Leslie MoonvesCEOSell150,000$59.04$8,856,000.00View SEC Filing  
9/11/2017Gil D SchwartzEVPSell54,131$58.40$3,161,250.40View SEC Filing  
8/23/2017Leslie MoonvesCEOSell150,000$64.68$9,702,000.00View SEC Filing  
8/10/2017Anthony G. AmbrosioEVPSell8,167$65.96$538,695.32View SEC Filing  
8/2/2017Gil D SchwartzEVPSell5,270$65.40$344,658.00View SEC Filing  
7/12/2017Leslie MoonvesCEOSell200,000$63.79$12,758,000.00View SEC Filing  
7/11/2017Anthony G. AmbrosioEVPSell8,167$63.78$520,891.26View SEC Filing  
7/5/2017Gil D SchwartzEVPSell5,270$64.08$337,701.60View SEC Filing  
2/21/2017Joseph R IannielloCOOSell68,869$67.40$4,641,770.60View SEC Filing  
2/21/2017Lawrence TuEVPSell28,641$67.68$1,938,422.88View SEC Filing  
2/17/2017Gil D SchwartzEVPSell33,131$65.23$2,161,135.13View SEC Filing  
3/1/2016Joseph R IannielloCOOSell33,975$50.00$1,698,750.00View SEC Filing  
5/22/2015Joseph A CalifanoDirectorSell5,093$61.64$313,932.52View SEC Filing  
5/11/2015Angeline C StrakaEVPSell296$60.62$17,943.52View SEC Filing  
4/6/2015Leslie MoonvesCEOSell255,000$61.23$15,613,650.00View SEC Filing  
3/9/2015Joseph R IannielloCOOSell28,000$60.22$1,686,160.00View SEC Filing  
2/23/2015Joseph R IannielloCOOSell28,000$59.53$1,666,840.00View SEC Filing  
2/17/2015Anthony G AmbrosioEVPSell26,450$60.01$1,587,264.50View SEC Filing  
12/23/2014Bruce S GordonDirectorSell28,013$55.97$1,567,887.61View SEC Filing  
10/8/2014Leslie MoonvesCEOSell281,250$52.17$14,672,812.50View SEC Filing  
9/8/2014Leslie MoonvesCEOSell281,250$59.05$16,607,812.50View SEC Filing  
9/5/2014Leslie MoonvesCEOSell281,250$59.05$16,607,812.50View SEC Filing  
8/14/2014Leslie MoonvesCEOSell93,750$59.36$5,565,000.00View SEC Filing  
8/13/2014Leslie MoonvesCEOSell93,750$59.12$5,542,500.00View SEC Filing  
8/11/2014Anthony G AmbrosioEVPSell14,000$60.13$841,820.00View SEC Filing  
7/15/2014Gil D SchwartzEVPSell7,188$59.88$430,417.44View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for CBS Corporation (NYSE:CBS)
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CBS Corporation (CBS) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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