CBS Corp. (NYSE:CBS) – Equities research analysts at FBR & Co upped their Q1 2017 earnings per share (EPS) estimates for CBS Corp. in a note issued to investors on Tuesday. FBR & Co analyst B. Crockett now anticipates that the brokerage will earn $1.22 per share for the quarter, up from their previous estimate of $1.15. FBR & Co currently has a “Outperform” rating and a $68.00 price objective on the stock. FBR & Co also issued estimates for CBS Corp.’s Q3 2017 earnings at $1.29 EPS, Q4 2017 earnings at $1.21 EPS, FY2017 earnings at $4.76 EPS and FY2018 earnings at $6.15 EPS.
CBS Corp. (NYSE:CBS) last announced its quarterly earnings results on Tuesday, May 3rd. The media conglomerate reported $1.02 EPS for the quarter, beating the consensus estimate of $0.94 by $0.08. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.50 billion. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 EPS.
A number of other equities analysts have also weighed in on CBS. Credit Suisse Group AG reissued a “buy” rating on shares of CBS Corp. in a research note on Thursday, May 5th. JPMorgan Chase & Co. reissued a “buy” rating on shares of CBS Corp. in a research note on Wednesday, May 4th. Bank of America Corp. reissued a “buy” rating and set a $65.00 price objective on shares of CBS Corp. in a research note on Thursday, May 5th. Nomura boosted their price objective on CBS Corp. from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, April 8th. Finally, Piper Jaffray Cos. reissued a “buy” rating and set a $65.00 price objective (up previously from $60.00) on shares of CBS Corp. in a research note on Wednesday, May 4th. Four analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $61.87.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 10th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, June 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.10%.
CBS Corporation is a mass media company. The Company’s segments include Entertainment, Cable Networks, Publishing and Local Broadcasting. Its Entertainment segment is composed of the CBS Television Network; CBS Television Studios; CBS Global Distribution Group (composed of CBS Studios International and CBS Television Distribution); CBS Interactive, and CBS Films.
