CBS Posts Record Q1 Revenues

Share

The CBS chief executive on Thursday reported a solid first-quarter performance for his entertainment company - fueled by CBS All Access and Showtime's streaming app. The media conglomerate reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.14 by $0.06.

Moonves also took the opportunity to discuss the company's advertising revenue, which increased 8% in the first quarter.

During the previous quarter, CBS announced that All Access and Showtime each now have 2.5 million subscribers, or 5 million combined.

For the quarter, CBS swung to a $511 million profit, or $1.32 a share, from a year-ago loss of $252 million.

Shares of CBS, which traded north of $70 past year, were off 1 percent Thursday to $48.76 but after the closing bell were climbing about 3 percent higher. Pinnacle Associates Ltd bought 5,125 shares as the company's stock declined 4.35% with the market.

Samsung Galaxy S10: Price, Specifications & Release Date in Pakistan
That explains why Samsung would move the Galaxy S10's launch to January - so that the Galaxy X can shine a month later in Spain. The report adds that this handset is going to be launched early next year , possibly at the Mobile World Congress 2019.

More notable recent CBS Corporation (NYSE:CBS) news were published by: Benzinga.com which released: "10 Stocks To Watch For May 4, 2018" on May 04, 2018, also Streetinsider.com with their article: "CBS (CBS) PT Trimmed to $68 at RBC Capital; "Shot the Lights Out" in Q1" published on May 04, 2018, Seekingalpha.com published: "Viacom asks CBS to raise merger bid" on April 09, 2018. The firm has a market capitalization of $18,749.40, a PE ratio of 11.98, a PEG ratio of 0.69 and a beta of 1.49. Piper Jaffray set a $70.00 price objective on CBS and gave the stock a "buy" rating in a research report on Wednesday, January 3rd. TheStreet lowered shares of CBS from a "b" rating to a "c" rating in a report on Thursday, February 15th. Pivotal Research reiterated a "hold" rating and issued a $64.00 target price (up from $62.00) on shares of CBS in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock.

Institutional investors now hold around $14.63 billion or 92.3% in CBS stock. The stock was sold at an average price of $50.46, for a total transaction of $4,289,100.00. Finally, Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of CBS in the 4th quarter valued at approximately $227,000. The SEC filing shows that Moonves Leslie performed a sale of 85,000 shares. We Are One Seven LLC acquired a new stake in shares of CBS in the 4th quarter valued at $137,000. Financial Gravity Companies Inc. acquired a new position in shares of CBS in the 4th quarter worth approximately $143,000. Advisors Preferred LLC acquired a new stake in shares of CBS in the 4th quarter valued at $213,000. It has change of 0.44, from 2017Q3's 1.03. And its good to know that the higher that percentage, the more the company retains on each dollar of sales, to service its other costs and the debt obligations, and CBS Corporation (NYSE:CBS)'s gross margin stands at 38.40%. Shareholders of record on Friday, March 9th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, March 8th. The ratio dropped due to CBS positioning: 80 sold and 278 reduced.

NYSE:CBS - CBS (NYSE:CBS) has insider ownership of 1.80% and institutional ownership of 77.82%.

TRADEMARK VIOLATION NOTICE: "Zacks: Analysts Expect CBS Co". Insiders own 1.80% of the company's stock. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of global trademark & copyright law.

For personal guess ROI is usually expressed as a percentage and is typically used for taking any financial decisions, for the objective of comparing a CBS Corporation (NYSE:CBS)'s profitability or to compare the efficiency of different investments, hence, CBS return on investment (ROI) is 17.70%. 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.

Share