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 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.

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.

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

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.

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)

Some companies that are related to CBS Corporation include Sky Plc (SKY), Liberty Media Corporation (LSXMA), Sky Plc (BSY), ITV plc (ITV), Sinclair Broadcast Group (SBGI), TiVo Corporation (TIVO), Gray Television (GTN), Liberty Media Corporation (BATRK), Central European Media Enterprises (CETV), Phoenix New Media Limited (FENG), Global Eagle Entertainment (ENT), 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, 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

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.

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.

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.

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 $57.95.