CBS Co. Common Stock (CBS) Receives Daily Coverage Optimism Score of 0.02

Media stories about CBS Co. Common Stock (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 Co. Common Stock earned a news sentiment score of 0.02 on Accern’s scale. Accern also gave news coverage about the media conglomerate an impact score of 44.3747513122978 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 has been the subject of several research analyst reports. Royal Bank of Canada set a $63.00 price objective on CBS Co. Common Stock and gave the stock a “buy” rating in a research note on Friday, August 3rd. ValuEngine downgraded CBS Co. Common Stock from a “sell” rating to a “strong sell” rating in a research note on Monday, July 30th. Sanford C. Bernstein raised CBS Co. Common Stock to a “buy” rating in a research note on Monday, May 21st. Argus downgraded CBS Co. Common Stock from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Pivotal Research reissued a “hold” rating and issued a $53.00 price objective on shares of CBS Co. Common Stock in a research note on Tuesday, July 31st. One analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $67.53.

CBS opened at $53.66 on Tuesday. CBS Co. Common Stock has a fifty-two week low of $47.54 and a fifty-two week high of $64.99. The company has a debt-to-equity ratio of 4.37, a current ratio of 1.60 and a quick ratio of 1.10. The stock has a market cap of $19.97 billion, a PE ratio of 12.81, a PEG ratio of 0.72 and a beta of 1.39.

CBS Co. Common Stock (NYSE:CBS) last posted its quarterly earnings results on Thursday, August 2nd. The media conglomerate reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.01. CBS Co. Common Stock had a return on equity of 81.10% and a net margin of 10.21%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period last year, the business earned $1.04 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. research analysts forecast that CBS Co. Common Stock will post 5.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Monday, September 10th 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 1.34%. The ex-dividend date is Friday, September 7th. CBS Co. Common Stock’s dividend payout ratio (DPR) is presently 17.18%.

In other news, COO Joseph R. Ianniello sold 50,000 shares of the firm’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $56.47, for a total transaction of $2,823,500.00. Following the completion of the sale, the chief operating officer now directly owns 346,057 shares of the company’s stock, valued at approximately $19,541,838.79. 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 160,709 shares of the firm’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $55.08, for a total value of $8,851,851.72. Following the sale, the executive vice president now directly owns 110,252 shares of the company’s stock, valued at $6,072,680.16. The disclosure for this sale can be found here. Insiders have sold a total of 242,067 shares of company stock valued at $13,448,647 over the last ninety days. Company insiders own 1.80% of the company’s stock.

About CBS Co. Common Stock

CBS Corporation operates as a mass media company worldwide. The company operates through four segments: Entertainment, Cable Networks, Publishing, and Local Media. 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.

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