CBS Corporation Company Profile (NYSE:CBS)

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

CBS Corporation declared a quarterly dividend on Monday, May 22nd. Stockholders of record on Friday, June 9th will be paid a dividend of $0.18 per share on Saturday, July 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, June 7th. View CBS Corporation's Dividend History.

CBS Corporation (NYSE:CBS) issued its quarterly earnings results on Thursday, May, 4th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.09. The firm had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.29 billion. CBS Corporation had a net margin of 3.96% and a return on equity of 41.55%. The company's revenue was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 EPS. View CBS Corporation's Earnings History.

CBS Corporation is scheduled to release their next quarterly earnings announcement on Monday, August, 7th 2017. View Earnings Estimates for CBS Corporation.

27 brokerages have issued 1-year target prices for CBS Corporation's stock. Their forecasts range from $40.00 to $86.00. On average, they anticipate CBS Corporation's stock price to reach $71.83 in the next twelve months. View Analyst Ratings for CBS Corporation.

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

• 1. 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)
• 2. 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)
• 3. FBR & Co analysts commented, "We update CBS estimates ahead of the 1Q17 earnings report, making very muted changes." (4/7/2017)
• 4. 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)
• 5. UBS AG analysts commented, "Our EPS is unchanged at $1.10, +20% Y/Y (Street $1.10), though we are lowering Revenue by $326m and EBITDA by $86m due to moving radio to discontinued ops to match the company's reporting style after the deal to merge the unit with Entercom. We see CBS network advertising revenue -5% Y/Y (core flat ex 3 fewer Thursday NFL games and election pre-emptions), TV station advertising revenue +18% (core flat ex political and Thurs NFL) and total company licensing revenue -12% Y/Y (Showtime titles shifted to 3Q, tough comp vs. initial international delivery). Key will be underlying network advertising growth (weak NFL ratings) and forward pacings (Super Bowl comp: UBSe -24%, Core -0.4%), Entertainment margins less NFL, Showtime revenue growth and Showtime OTT/CBS All Access subscribers." (2/13/2017)

Some companies that are related to CBS Corporation include Sky Plc (SKY), Sky Plc (BSY), Liberty Media Corporation (LSXMA), Liberty Media Corporation (LSXMK), ITV plc (ITV), Sinclair Broadcast Group (SBGI), TiVo Corporation (TIVO), Gray Television (GTN), Liberty Media Corporation (BATRK), Central European Media Enterprises (CETV), Global Eagle Entertainment (ENT), Phoenix New Media Limited (FENG), Comcast (CMCSK), Directv (DTV), Starz Acquisition LLC (STRZA) and Starz Acquisition LLC (LCAPA).

CBS Corporation's management team includes the folowing people:

• Leslie Moonves, Chairman of the Board, President, Chief Executive 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
• Gil Schwartz, Senior Executive Vice President, Chief Communications Officer
• Lawrence P. Tu, Senior Executive Vice President and Chief Legal Officer
• Richard M. Jones, Senior Vice President, General Tax Counsel
• David R. Andelman, Director

CBS Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include Focused Investors LLC (0.28%), Russell Investments Group Ltd. (0.11%), Sit Investment Associates Inc. (0.09%), PGGM Investments (0.06%), Channing Capital Management LLC (0.06%) and BB&T Corp (0.05%). 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.

CBS Corporation's stock was sold by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Sumitomo Life Insurance Co., Exxonmobil Investment Management Inc. TX, Municipal Employees Retirement System of Michigan, Strs Ohio, Hartford Investment Management Co., Murphy Capital Management Inc. and Private Capital Advisors Inc.. 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.

CBS Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Focused Investors LLC, PGGM Investments, Russell Investments Group Ltd., Sit Investment Associates Inc., BB&T Corp, Aperio Group LLC, Janney Montgomery Scott LLC and Bedrijfstakpensioenfonds Voor DE Media PNO. View Insider Buying and Selling for CBS Corporation.

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.

One share of CBS Corporation stock can currently be purchased for approximately $67.56.