Analysts See $1.11 EPS for CBS Corporation (CBS)

July 11, 2018 - By Margaret Downey

CBS Corporation (NYSE:CBS) LogoInvestors sentiment increased to 0.68 in Q1 2018. Its up 0.09, from 0.59 in 2017Q4. It improved, 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.
First Pacific Advsrs Ltd invested in 0% or 8,200 shares. Rhumbline Advisers accumulated 583,629 shares. Winslow Evans & Crocker accumulated 208 shares. Dsc Advisors L P holds 85,000 shares. Investec Asset North America Incorporated holds 113,415 shares or 0.44% of its portfolio. Dowling Yahnke Ltd Liability stated it has 8,202 shares. Lenox Wealth Mngmt stated it has 0.01% of its portfolio in CBS Corporation (NYSE:CBS). Geode Capital Mgmt Limited Company, a Massachusetts-based fund reported 3.87 million shares. Barclays Public Limited Liability Com owns 8 shares. Riverhead stated it has 0.02% in CBS Corporation (NYSE:CBS). Lsv Asset Mngmt holds 0.03% or 383,400 shares in its portfolio. Cramer Rosenthal Mcglynn Ltd Liability Co has invested 0% in CBS Corporation (NYSE:CBS). Illinois-based Blair William And Il has invested 0.01% in CBS Corporation (NYSE:CBS). Credit Suisse Ag invested in 0.04% or 884,627 shares. Mackay Shields Limited Co, New York-based fund reported 58,506 shares.

Since January 16, 2018, it had 0 insider purchases, and 18 sales for $75.72 million activity. On Tuesday, January 16 Ianniello Joseph R sold $175,000 worth of CBS Corporation (NYSE:CBS) or 2,910 shares. $3.86M worth of CBS Corporation (NYSE:CBS) was sold by MOONVES LESLIE on Wednesday, May 9. The insider Schwartz Gil D sold 160,709 shares worth $8.85M. Tu Lawrence sold $1.10 million worth of CBS Corporation (NYSE:CBS) on Friday, June 15. Ambrosio Anthony G had sold 15,679 shares worth $878,521.

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 4.43M 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. The rating was downgraded by Bank of America on Thursday, May 17 to “Neutral”. The stock of CBS Corporation (NYSE:CBS) earned “Outperform” rating by Bernstein on Tuesday, May 15. As per Monday, May 21, the company rating was upgraded by Bernstein. The firm has “Buy” rating by Citigroup given on Thursday, February 22. On Tuesday, January 16 the stock rating was maintained by Rosenblatt with “Buy”. As per Monday, January 29, the company rating was downgraded by Wells Fargo. The firm earned “Outperform” rating on Wednesday, February 21 by BMO Capital Markets. Cowen & Co maintained CBS Corporation (NYSE:CBS) rating on Friday, February 16. Cowen & Co has “Buy” rating and $69.0 target. The stock of CBS Corporation (NYSE:CBS) has “Buy” rating given on Friday, February 16 by RBC Capital Markets. The firm earned “Hold” rating on Monday, January 22 by Stephens.

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

CBS Corporation (NYSE:CBS) Institutional Positions Chart

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