CBS Co. (NYSE:CBS) – Equities researchers at Loop Capital lowered their Q3 2019 earnings per share (EPS) estimates for CBS in a research report issued on Wednesday, July 17th, according to Zacks Investment Research. Loop Capital analyst A. Gould now expects that the media conglomerate will post earnings per share of $1.37 for the quarter, down from their prior forecast of $1.39. Loop Capital has a “Buy” rating and a $65.00 price objective on the stock. Loop Capital also issued estimates for CBS’s Q4 2019 earnings at $1.58 EPS.

CBS (NYSE:CBS) last issued its earnings results on Thursday, August 8th. The media conglomerate reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.03. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.71 billion. CBS had a net margin of 20.13% and a return on equity of 61.57%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted $1.12 earnings per share.

A number of other equities analysts have also commented on the stock. Stephens set a $64.00 target price on shares of CBS and gave the stock a “buy” rating in a research report on Friday. Sanford C. Bernstein lowered shares of CBS from a “market perform” rating to an “underperform” rating in a research report on Tuesday. BMO Capital Markets dropped their price objective on shares of CBS from $63.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday. Imperial Capital dropped their price objective on shares of CBS from $72.00 to $62.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, TheStreet upgraded shares of CBS from a “c+” rating to a “b-” rating in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $62.42.

Shares of NYSE:CBS traded up $0.66 during trading on Monday, reaching $48.70. 6,955,941 shares of the company were exchanged, compared to its average volume of 2,688,820. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 0.75 and …read more

Source:: Daily Times

      

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CBS Co. (NYSE:CBS) to Post Q3 2019 Earnings of $1.37 Per Share, Loop Capital Forecasts

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