CBS (CBS) Given News Sentiment Score of 0.09
Media stories about CBS (NYSE:CBS) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CBS earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the media conglomerate an impact score of 43.3257446179312 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
- CBS winter schedule: When will Bull return with new episodes? (hiddenremote.com)
- Big Monday For CBS On Wall Street (rbr.com)
- CBS Corp. breached its 50 day moving average in a Bullish Manner : CBS-US : December 4, 2017 (finance.yahoo.com)
- Inside the deal: How CBS outsmarted the Murdochs and turned The Eye on Network Ten (afr.com)
- Head-To-Head Comparison: CBS (CBS) vs. Liberty Braves Group (BATRK) (americanbankingnews.com)
CBS has been the subject of a number of recent analyst reports. ValuEngine lowered CBS from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Zacks Investment Research lowered CBS from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Barclays decreased their price target on CBS from $57.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, October 13th. Cowen reiterated a “buy” rating and issued a $69.00 price target on shares of CBS in a research report on Friday, October 27th. Finally, Credit Suisse Group reduced their price objective on CBS from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Six equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $73.33.
CBS (CBS) traded down $2.00 on Tuesday, hitting $58.10. The stock had a trading volume of 4,501,128 shares, compared to its average volume of 4,185,875. CBS has a 52 week low of $52.75 and a 52 week high of $70.10. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.55 and a quick ratio of 1.10. The stock has a market cap of $24,020.00, a P/E ratio of 13.28, a PEG ratio of 1.03 and a beta of 1.62.
CBS (NYSE:CBS) last posted its quarterly earnings results on Thursday, November 2nd. The media conglomerate reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.04. CBS had a return on equity of 58.49% and a net margin of 2.14%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the business earned $1.05 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. equities analysts forecast that CBS will post 4.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Monday, December 11th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Friday, December 8th. CBS’s dividend payout ratio (DPR) is presently 20.93%.
In other news, CEO Leslie Moonves sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $59.04, for a total transaction of $8,856,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,182,652 shares of the company’s stock, valued at approximately $69,823,774.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gil D. Schwartz sold 54,131 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $58.40, for a total value of $3,161,250.40. Following the sale, the executive vice president now directly owns 102,483 shares of the company’s stock, valued at $5,985,007.20. The disclosure for this sale can be found here. Insiders have sold a total of 364,317 shares of company stock valued at $21,234,894 over the last ninety days. Company insiders own 2.03% of the company’s stock.
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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.
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