About CBS (NYSE:CBS)
CBS 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
SectorCyclical Consumer Goods & Services
Trailing P/E Ratio17.2554517133956
Forward P/E Ratio10.73
Sales & Book Value
Annual Sales$13.69 billion
Price / Sales1.62
Cash Flow$4.82 per share
Price / Cash11.50
Book Value$4.94 per share
Price / Book11.21
Net Income$357 million
Return on Equity6.45%
Return on Assets0.57%
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 Friday, February 2nd. Shareholders of record on Friday, March 9th will be given a dividend of $0.18 per share on Sunday, April 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, March 8th. View CBS's Dividend History.
How were CBS's earnings last quarter?
CBS Co. (NYSE:CBS) issued its earnings results on Thursday, February, 15th. The media conglomerate reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.06. The media conglomerate had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.71 billion. CBS had a return on equity of 6.45% and a net margin of 0.82%. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 earnings per share. View CBS's Earnings History.
When will CBS make its next earnings announcement?
Where is CBS's stock going? Where will CBS's stock price be in 2018?
25 analysts have issued 1 year target prices for CBS's shares. Their forecasts range from $55.00 to $86.00. On average, they expect CBS's share price to reach $71.21 in the next year. 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. 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)
- 2. According to Zacks Investment Research, "Shares of CBS have underperformed the industry in the past six months. CBS, which remains highly vulnerable to the advertising market, is likely to report weaker political advertising revenues in the fourth quarter of 2017. In the prior-year quarter, the company benefited from strong political advertising. Moreover, currency fluctuations and higher expenditure for original programming might prove to be a drag. However, increasing demand for content, rise in retransmission rates, expansion of direct-to-consumer business and sturdy digital presence bode well. 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 revenues. Moreover, the company aims to attain $2.5 billion of revenues from retransmission and reverse compensation by 2020." (1/8/2018)
- 3. Benchmark Co. analysts commented, "We continue to rate CBS our favorite content play in the media space, and at just 8x 2018E EV/EBITDA, we believe shares look attractively priced even if a softer overall advertising environment continues." (10/24/2017)
- 4. 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)
Are investors shorting CBS?
CBS saw a decrease in short interest in the month of January. As of January 31st, there was short interest totalling 13,640,774 shares, a decrease of 19.4% from the January 12th total of 16,917,429 shares. Based on an average trading volume of 4,980,736 shares, the days-to-cover ratio is currently 2.7 days. Currently, 3.9% of the company's shares are short sold.
Who are some of CBS's key competitors?
Some companies that are related to CBS include Liberty Sirius XM Group (LSXMA), SKY (SKY), Grupo Televisa SAB (TV), ITV (ITV), Tribune Media (TRCO), Sinclair Broadcast Group (SBGI), Starz Acquisition (STRZA), TiVo (TIVO), Gray Television (GTN), Belo (BLC), Liberty Braves Group (BATRK), Central European Media Enterprises (CETV), Phoenix New Media (FENG), Comcast (CMCSK), Directv (DTV), Virgin Media (VMED) and Virgin Media (VMED).
Who are CBS's key executives?
CBS's management team includes the folowing people:
- Leslie Moonves, Chairman of the Board, Chief Executive Officer (Age 67)
- Jo Ann Ross, President, Chief Advertising Revenue Officer
- Shari E. Redstone, Vice Chair of the Board (Age 63)
- Joseph R. Ianniello, Chief Operating Officer (Age 49)
- Anthony G. Ambrosio, Senior Executive Vice President, Chief Administrative Officer and Chief Human Resources Officer (Age 56)
- Lawrence Liding, Executive Vice President, Chief Accounting Officer, Controller (Age 48)
- Jonathan Howard Anschell, Executive Vice President, Deputy General Director, Secretary (Age 48)
- 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 (Age 65)
Who owns CBS stock?
CBS's stock is owned by many different of retail and institutional investors. Top institutional investors include Boston Partners (1.23%), TIAA CREF Investment Management LLC (1.13%), Alliancebernstein L.P. (1.02%), Investec Asset Management LTD (0.89%), Victory Capital Management Inc. (0.89%) and Fred Alger Management Inc. (0.67%). Company insiders that own CBS stock include Anthony G Ambrosio, Arnold Kopelson, Bruce S Gordon, Charles K Gifford, Eugene Beukman, Gil D Schwartz, Joseph R Ianniello, Lawrence Tu and Leslie Moonves. View Institutional Ownership Trends for CBS.
Who sold CBS stock? Who is selling CBS stock?
CBS's stock was sold by a variety of institutional investors in the last quarter, including Fred Alger Management Inc., Investec Asset Management LTD, Alliancebernstein L.P., Glenmede Trust Co. NA, Brandywine Global Investment Management LLC, Gotham Asset Management LLC, Retirement Systems of Alabama and Macquarie Group Ltd.. Company insiders that have sold CBS company stock in the last year include Anthony G Ambrosio, Arnold Kopelson, Bruce S Gordon, Charles K Gifford, Eugene Beukman, Gil D Schwartz, Joseph R Ianniello, Lawrence Tu and Leslie Moonves. View Insider Buying and Selling for CBS.
Who bought CBS stock? Who is buying CBS stock?
CBS's stock was purchased by a variety of institutional investors in the last quarter, including Focused Investors LLC, Victory Capital Management Inc., TIAA CREF Investment Management LLC, Klingenstein Fields & Co. LLC, Arrowstreet Capital Limited Partnership, Kovitz Investment Group Partners LLC, Dalton Greiner Hartman Maher & Co. and Amundi Pioneer Asset Management Inc.. View Insider Buying and Selling for CBS.
How do I buy CBS stock?
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 $55.39.
How big of a company is CBS?
CBS has a market capitalization of $22.17 billion and generates $13.69 billion in revenue each year. The media conglomerate earns $357 million in net income (profit) each year or $3.21 on an earnings per share basis. CBS employs 15,550 workers across the globe.
How can I contact CBS?
CBS's mailing address is 51 W 52nd St Fl 35, NEW YORK, NY 10019-6119, United States. The media conglomerate can be reached via phone at +1-212-9754321 or via email at [email protected]
MarketBeat Community Rating for CBS (CBS)MarketBeat's community ratings are surveys of what our community members think about CBS 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.
CBS (NYSE:CBS) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.72||2.81||2.85||2.81|
|Ratings Breakdown: ||0 Sell Rating(s)|
7 Hold Rating(s)
18 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
22 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
23 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
22 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$71.21||$71.96||$73.38||$73.17|
|Price Target Upside: ||28.56% upside||22.32% upside||28.83% upside||11.46% upside|
CBS (NYSE:CBS) Consensus Price Target History
CBS (NYSE:CBS) Analyst Ratings History
(Data available from 2/20/2016 forward)
CBS (NYSE:CBS) Earnings History and Estimates Chart
CBS (NYSE CBS) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/15/2018||Q4 2017||$1.14||$1.20||$3.71 billion||$3.92 billion||View||Listen|
|11/2/2017||Q3 2017||$1.07||$1.11||$3.26 billion||$3.17 billion||View||N/A|
|8/7/2017||Q2 2017||$0.97||$1.04||$3.09 billion||$3.26 billion||View||Listen|
|5/4/2017||Q1 2017||$0.95||$1.04||$3.29 billion||$3.34 billion||View||Listen|
|2/15/2017||Q416||$1.10||$1.11||$4.03 billion||$3.52 billion||View||Listen|
|11/3/2016||Q316||$0.98||$1.05||$3.26 million||$3.40 million||View||Listen|
|7/28/2016||Q216||$0.86||$0.93||$3.21 billion||$3.29 billion||View||Listen|
|5/3/2016||Q116||$0.94||$1.02||$3.50 billion||$3.85 billion||View||Listen|
|2/11/2016||Q415||$0.92||$0.92||$15.77 billion||$3.91 billion||View||Listen|
|11/3/2015||Q315||$0.81||$0.88||$15.77 million||$3.26 billion||View||Listen|
|8/5/2015||Q215||$0.72||$0.74||$15.77 billion||$3.20 billion||View||Listen|
|5/7/2015||Q115||$0.75||$0.78||$3.57 billion||$3.50 billion||View||Listen|
|2/12/2015||Q414||$0.77||$0.77||$3.65 billion||$3.68 billion||View||Listen|
|11/5/2014||Q314||$0.73||$0.74||$3.32 billion||$3.37 billion||View||Listen|
|8/7/2014||Q214||$0.72||$0.78||$3.24 billion||$3.19 billion||View||Listen|
|5/8/2014||Q114||$0.75||$0.78||$4.04 million||$3.86 million||View||Listen|
|2/12/2014||Q413||$0.76||$0.78||$3.52 billion||$3.91 billion||View||Listen|
|11/6/2013||Q313||$0.77||$0.76||$3.47 billion||$3.30 billion||View||Listen|
|7/31/2013||Q2 2013||$0.72||$0.76||$3.52 billion||$3.70 billion||View||Listen|
|5/1/2013||Q1 2013||$0.67||$0.73||$4.01 billion||$4.04 billion||View||Listen|
|2/14/2013||Q4 2012||$0.69||$0.64||$3.85 billion||$3.70 billion||View||Listen|
|11/7/2012||Q312||$0.61||$0.65||$3.49 billion||$3.42 billion||View||N/A|
CBS (NYSE:CBS) Earnings Estimates
2018 EPS Consensus Estimate: $5.17
2019 EPS Consensus Estimate: $5.49
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
CBS (NYSE:CBS) Dividend Information
|Dividend Growth:||12.20% (3 Year Average)|
|Payout Ratio:||22.43% (Trailing 12 Months of Earnings) |
13.95% (Based on This Year's Estimates)
12.37% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
CBS (NYSE:CBS) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
CBS (NYSE CBS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.03%
Institutional Ownership Percentage: 75.21%
CBS (NYSE CBS) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|1/26/2018||Joseph R Ianniello||COO||Sell||46,621||$60.01||$2,797,726.21||321,463|| |
|1/19/2018||Joseph R Ianniello||COO||Sell||2,263||$60.00||$135,780.00||551,494|| |
|1/17/2018||Joseph R Ianniello||COO||Sell||2,400||$60.13||$144,312.00||320,723|| |
|1/17/2018||Leslie Moonves||CEO||Sell||85,000||$59.07||$5,020,950.00||971,448|| |
|12/12/2017||Leslie Moonves||CEO||Sell||85,000||$57.85||$4,917,250.00||884,513|| |
|12/4/2017||Arnold Kopelson||Director||Sell||5,093||$59.51||$303,084.43|| |
|11/8/2017||Charles K Gifford||Director||Sell||5,093||$57.33||$291,981.69||70,273|| |
|11/6/2017||Bruce S. Gordon||Director||Sell||5,093||$55.50||$282,661.50|| |
|10/10/2017||Leslie Moonves||CEO||Sell||150,000||$57.62||$8,643,000.00||1,182,652|| |
|9/20/2017||Leslie Moonves||CEO||Sell||150,000||$59.04||$8,856,000.00||1,182,652|| |
|9/11/2017||Gil D Schwartz||EVP||Sell||54,131||$58.40||$3,161,250.40||102,483|| |
|8/23/2017||Leslie Moonves||CEO||Sell||150,000||$64.68||$9,702,000.00||1,182,652|| |
|8/10/2017||Anthony G. Ambrosio||EVP||Sell||8,167||$65.96||$538,695.32|| |
|8/2/2017||Gil D Schwartz||EVP||Sell||5,270||$65.40||$344,658.00||60,322|| |
|7/12/2017||Leslie Moonves||CEO||Sell||200,000||$63.79||$12,758,000.00||1,232,652|| |
|7/11/2017||Anthony G. Ambrosio||EVP||Sell||8,167||$63.78||$520,891.26|| |
|7/5/2017||Gil D Schwartz||EVP||Sell||5,270||$64.08||$337,701.60||60,322|| |
|2/21/2017||Joseph R Ianniello||COO||Sell||68,869||$67.40||$4,641,770.60||305,580|| |
|2/21/2017||Lawrence Tu||EVP||Sell||28,641||$67.68||$1,938,422.88||5,732|| |
|2/17/2017||Gil D Schwartz||EVP||Sell||33,131||$65.23||$2,161,135.13||82,718|| |
|3/1/2016||Joseph R Ianniello||COO||Sell||33,975||$50.00||$1,698,750.00||297,715|| |
|5/22/2015||Joseph A Califano||Director||Sell||5,093||$61.64||$313,932.52|| |
|5/11/2015||Angeline C Straka||EVP||Sell||296||$60.62||$17,943.52|| |
|4/6/2015||Leslie Moonves||CEO||Sell||255,000||$61.23||$15,613,650.00|| |
|3/9/2015||Joseph R Ianniello||COO||Sell||28,000||$60.22||$1,686,160.00|| |
|2/23/2015||Joseph R Ianniello||COO||Sell||28,000||$59.53||$1,666,840.00|| |
|2/17/2015||Anthony G Ambrosio||EVP||Sell||26,450||$60.01||$1,587,264.50|| |
|12/23/2014||Bruce S Gordon||Director||Sell||28,013||$55.97||$1,567,887.61|| |
|10/8/2014||Leslie Moonves||CEO||Sell||281,250||$52.17||$14,672,812.50|| |
|9/8/2014||Leslie Moonves||CEO||Sell||281,250||$59.05||$16,607,812.50|| |
|9/5/2014||Leslie Moonves||CEO||Sell||281,250||$59.05||$16,607,812.50|| |
|8/14/2014||Leslie Moonves||CEO||Sell||93,750||$59.36||$5,565,000.00|| |
|8/13/2014||Leslie Moonves||CEO||Sell||93,750||$59.12||$5,542,500.00|| |
|8/11/2014||Anthony G Ambrosio||EVP||Sell||14,000||$60.13||$841,820.00|| |
|7/15/2014||Gil D Schwartz||EVP||Sell||7,188||$59.88||$430,417.44|| |
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CBS (NYSE:CBS) SEC Filings
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CBS (NYSE:CBS) Income Statement, Balance Sheet and Cash Flow Statement
CBS (NYSE CBS) Stock Chart for Tuesday, February, 20, 2018