Media headlines about CBS Corporation (NYSE:CBS) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CBS Corporation earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media coverage about the media conglomerate an impact score of 43.4747074983022 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Legal & General Group Plc Raises Its Position in CBS Corporation Class B (CBS) Stock Last Quarter - First News 24 (firstnewspaper24.com)
- Jessica Chastain criticizes CBS’s fall TV sausage party (avclub.com)
- Local Police Departments Taking Precautions After Auburn CO Scare (boston.cbslocal.com)
- CBS shuffles ad sales team, bumps Ross up to CRO (fiercecable.com)
- ‘I’ll just Netflix and chill’: Jessica Chastain slams CBS for all-male leads in fall TV lineup (dailymail.co.uk)
Several equities analysts have issued reports on CBS shares. Wells Fargo & Company restated an “outperform” rating and issued a $77.50 price objective (up previously from $74.00) on shares of CBS Corporation in a research note on Friday, April 7th. FBR & Co reiterated a “buy” rating and set a $86.00 target price on shares of CBS Corporation in a research note on Friday, April 7th. Guggenheim reiterated a “buy” rating and set a $80.00 target price on shares of CBS Corporation in a research note on Friday, April 14th. Rosenblatt Securities reiterated a “buy” rating and set a $80.00 target price on shares of CBS Corporation in a research note on Friday, April 14th. Finally, Pivotal Research reiterated a “hold” rating and set a $67.00 target price on shares of CBS Corporation in a research note on Sunday, April 23rd. Six analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. CBS Corporation has a consensus rating of “Buy” and an average target price of $71.46.
Shares of CBS Corporation (NYSE CBS) traded down 1.76% on Friday, hitting $63.69. 824,703 shares of the stock were exchanged. The firm’s 50-day moving average is $64.01 and its 200-day moving average is $64.87. CBS Corporation has a one year low of $48.88 and a one year high of $70.10. The company has a market cap of $25.86 billion, a P/E ratio of 51.95 and a beta of 1.71.
CBS Corporation (NYSE:CBS) last released its earnings results on Thursday, May 4th. The media conglomerate reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.09. CBS Corporation had a net margin of 3.96% and a return on equity of 41.55%. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the previous year, the firm earned $1.02 EPS. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, equities analysts forecast that CBS Corporation will post $4.44 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 8th will be issued a $0.18 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.11%. CBS Corporation’s payout ratio is currently 63.72%.
In related news, CEO Leslie Moonves sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $63.79, for a total value of $12,758,000.00. Following the sale, the chief executive officer now directly owns 1,232,652 shares in the company, valued at approximately $78,630,871.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anthony G. Ambrosio sold 8,167 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $63.78, for a total transaction of $520,891.26. The disclosure for this sale can be found here. Insiders sold a total of 213,437 shares of company stock worth $13,616,593 over the last quarter. Insiders own 1.67% of the company’s stock.
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About CBS Corporation
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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