Analysts See $1.11 EPS for CBS Corporation (CBS)

July 11, 2018 - By Jack Shaw

CBS Corporation (NYSE:CBS) LogoInvestors sentiment increased to 0.68 in Q1 2018. Its up 0.09, from 0.59 in 2017Q4. It is positive, as 79 investors sold CBS Corporation shares while 232 reduced holdings. 62 funds opened positions while 151 raised stakes. 218.74 million shares or 3.33% less from 226.28 million shares in 2017Q4 were reported.
Cibc Ww Mkts reported 51,351 shares. Wells Fargo Mn holds 1,766 shares. Hartford Investment Management invested in 0.07% or 65,521 shares. Natl Pension Ser reported 381,992 shares. Peak6 Invests Lp holds 0.01% or 37,347 shares in its portfolio. Moreover, Mutual Of America has 0.04% invested in CBS Corporation (NYSE:CBS) for 44,195 shares. Sumitomo Life Insurance Company accumulated 29,597 shares. Wasatch Incorporated has invested 0.01% in CBS Corporation (NYSE:CBS). 140,528 were accumulated by Meyer Handelman. Wesbanco Natl Bank Inc holds 0.02% or 7,554 shares in its portfolio. Blair William & Il stated it has 0.01% in CBS Corporation (NYSE:CBS). Gfs Advsr Limited Com invested in 16,940 shares or 0.18% of the stock. Federated Pa reported 30,206 shares or 0% of all its holdings. Lsv Asset Mngmt reported 0.03% stake. Bridgewater Assocs Limited Partnership stated it has 0.09% of its portfolio in CBS Corporation (NYSE:CBS).

Since January 16, 2018, it had 0 insider buys, and 18 sales for $75.72 million activity. 15,679 shares valued at $878,521 were sold by Ambrosio Anthony G on Monday, June 25. Ianniello Joseph R also sold $2.87 million worth of CBS Corporation (NYSE:CBS) shares. 10,000 shares were sold by Anschell Jonathan, worth $510,545 on Friday, May 25. On Thursday, June 14 the insider Schwartz Gil D sold $8.85M. Shares for $1.10M were sold by Tu Lawrence on Friday, June 15.

Analysts expect CBS Corporation (NYSE:CBS) to report $1.11 EPS on August, 2 after the close.They anticipate $0.07 EPS change or 6.73 % from last quarter’s $1.04 EPS. CBS’s profit would be $420.83 million giving it 13.36 P/E if the $1.11 EPS is correct. After having $1.34 EPS previously, CBS Corporation’s analysts see -17.16 % EPS growth. The stock increased 0.95% or $0.56 during the last trading session, reaching $59.3. About 4.43 million shares traded or 25.30% up from the average. CBS Corporation (NYSE:CBS) has declined 17.26% since July 12, 2017 and is downtrending. It has underperformed by 29.83% the S&P500.

CBS Corporation (NYSE:CBS) Ratings Coverage

Among 14 analysts covering CBS Corp (NYSE:CBS), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. CBS Corp had 18 analyst reports since January 15, 2018 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Buy” rating in Wednesday, April 25 report. Wells Fargo downgraded it to “Hold” rating and $63.0 target in Monday, January 29 report. As per Friday, May 4, the company rating was maintained by Wells Fargo. The stock of CBS Corporation (NYSE:CBS) has “Buy” rating given on Friday, February 16 by RBC Capital Markets. KeyBanc Capital Markets maintained CBS Corporation (NYSE:CBS) on Tuesday, April 3 with “Hold” rating. The stock of CBS Corporation (NYSE:CBS) earned “Outperform” rating by BMO Capital Markets on Wednesday, February 21. The firm has “Buy” rating given on Thursday, February 22 by Citigroup. Bernstein upgraded CBS Corporation (NYSE:CBS) on Monday, May 21 to “Buy” rating. Citigroup maintained it with “Buy” rating and $61 target in Wednesday, March 28 report. The firm has “Buy” rating by Rosenblatt given on Tuesday, January 16.

CBS Corporation operates as a mass media firm worldwide. The company has market cap of $22.48 billion. The firm operates through four divisions: Entertainment, Cable Networks, Publishing, and Local Media. It has a 21.14 P/E ratio. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces, acquires, and distributes theatrical motion pictures; and digital streaming services.

More notable recent CBS Corporation (NYSE:CBS) news were published by: Seekingalpha.com which released: “Golden Opportunity: How To Play The Next 12 Months For CBS” on July 02, 2018, also Fool.com with their article: “Here’s Why an Amazon Bid for CBS Doesn’t Look Likely to Happen Soon” published on July 09, 2018, Benzinga.com published: “3 Stocks With Bullish Setups For The Rest Of The Week” on July 11, 2018. More interesting news about CBS Corporation (NYSE:CBS) were released by: Benzinga.com and their article: “Imperial Capital Says CBS Is ‘The Cleanest Name In The Space,’ Viacom A ‘Value Trap'” published on June 28, 2018 as well as Seekingalpha.com‘s news article titled: “CBS Could Be Undervalued By 50% Or More” with publication date: June 29, 2018.

CBS Corporation (NYSE:CBS) Institutional Positions Chart

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