CBS Corporation operates as a mass media company worldwide. The company operates through four segments: Entertainment, Cable Networks, Publishing, and Local Broadcasting. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; and produces, acquires, and distributes theatrical motion pictures. The Cable Networks segment offers subscription program services, such as original series, theatrical feature films, documentaries, boxing and other sports-related programming, and special events; and owns and operates multiplexed channels. This segment also owns and manages Smithsonian Networks, which operates a channel featuring cultural, historical, scientific, and educational programs; and operates a CBS Sports Network, a 24-hour cable program service that provides college sports and related content. The Publishing segment publishes and distributes adult and children’s consumer books in printed, digital, and audio formats; develops special imprints and publishes titles based on the products; and delivers content and promotes its products on its own Websites, social media, and general Internet sites, as well as those related to individual titles. The Local Broadcasting segment owns 30 broadcast television stations; owns and operates 117 radio stations in 26 U.S. markets and related online properties; and operates local digital properties in various U.S. markets that combine the company's television and radio local media brands online to offer the latest news, traffic, weather, and sports information, as well as local discounts, directories, and reviews for local community. CBS Corporation was founded in 1986 and is headquartered in New York, New York. CBS Corporation operates as a subsidiary of National Amusements, Inc.
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CBS Corporation (CBS) declares an $0.18/share quarterly dividend. That's a 20% increase from the prior dividend of $0.15. The forward yield is 1.33%, and is payable on Oct. 1 for shareholders of record Sept. 9. Ex-div Sept. 7.
28 July 2016 Price $54.21 1yr Target $63.00 Analysts 1 Dividend $0.60 Payout Ratio 19.35% 1yr Cap Gain 16.21% Yield 1.10% 1yr Tot Return 17.31% P/E 17.47 PEG 1.02 Beta 1.88 | EPS (ttm) $3.10 EPS next yr $4.41 Forward P/E 12.30 EPS next 5yr 17.18% 1yr Price Support $75.76 Market Cap $24.18 Bil Revenues $14.24 Bil Earnings $1.48 Bil Profit Margin % Quick Ratio 1.40 Current Ratio 1.60 Debt/Equity 1.50 | 1yr RevGR 0.57% 3yr RevGR 2.67% 5yr RevGR 0.61% 1yr EarnGR -45.17% 3yr EarnGR 6.46% 5yr EarnGR 22.67% 1yr DivGR 1.11% 3yr DivGR 10.77% 5yr DivGR 24.57% ROA 6.30% ROE 26.10% |
Technically CBS has had a rough couple of years and has been moving sideways through a channel. In early 2014 it seemed to top out near $66 per share. Fifteen months later it topped out once again near $63 per share. And today it's pushing up on a theoretical resistance line near $60 per share. When it breaks through that I believe it could easily move up to $75 per share and increase at a 7.5% growth rate after that.
I believe that at the current price of $54 per share, CBS is probably correctly priced for today's earnings. But as earnings continue in the years ahead, I expect the price of CBS shares to continue to move higher also. Add in the fact that the payout ratio is only 19% and the dividend could rise even faster than earnings.
I expect to continue to accumulate shares of CBS through dividend reinvestment, options selling and additional open market buys at favorable prices. Right now a favorable price would be nearer to $51 per share.