Last $53.55 USD
Change Today -0.12 / -0.22%
Volume 9.3M
CBS On Other Exchanges
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

cbs corp-class b non voting (CBS) Snapshot

Open
$54.06
Previous Close
$53.67
Day High
$54.11
Day Low
$53.24
52 Week High
03/11/14 - $68.10
52 Week Low
10/13/14 - $48.83
Market Cap
27.8B
Average Volume 10 Days
7.2M
EPS TTM
$3.01
Shares Outstanding
480.4M
EX-Date
09/8/14
P/E TM
17.8x
Dividend
$0.60
Dividend Yield
0.95%
Current Stock Chart for CBS CORP-CLASS B NON VOTING (CBS)

cbs corp-class b non voting (CBS) Details

CBS Corporation operates as a mass media company in the United States and internationally. It operates through Entertainment, Cable Networks, Publishing, Local Broadcasting segments. 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; produces and distributes theatrical motion pictures; and operates online content networks for information and entertainment. The Cable Networks segment owns and operates multiplexed channels; offers subscription program services comprising theatrical feature films, original series, documentaries, boxing and other sports-related programming, and special events; and CBS Sports Network, a 24-hour cable program service that provides college sports and related content. This segment also owns and manages Smithsonian Networks, which operates a channel featuring cultural, historical, scientific, and educational programs. The Publishing segment publishes and distributes adult and children's consumer books in printed, digital, and audio formats. The Local Broadcasting segment owns 30 broadcast television stations; owns and operates 126 radio stations in 27 U.S. markets and related online properties; and operates local Websites in various U.S. markets, which combine the company's television and radio local media brands online to provide the latest news, traffic, weather, and sports information, as well as local discounts, directories, and reviews. CBS Corporation was founded in 1986 and is headquartered in New York, New York.

19,490 Employees
Last Reported Date: 02/14/14
Founded in 1986

cbs corp-class b non voting (CBS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $32.0M
Founder and Executive Chairman
Total Annual Compensation: $11.8M
Principal Financial Officer and Chief Operati...
Total Annual Compensation: $12.3M
Chief Administrative Officer, Chief Human Res...
Total Annual Compensation: $2.4M
Compensation as of Fiscal Year 2013.

cbs corp-class b non voting (CBS) Key Developments

CBS Corporation Provides Free Cash Flow Guidance for the Fourth Quarter of 2014

CBS Corporation announced that its expects fourth quarter of 2014 free cash flow to be much stronger than a year ago.

CBS Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Impairment Charges for the Third Quarter Ended September 30, 2014

CBS Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, revenues of $3.37 billion, increased 2% from $3.30 billion for the same quarter a year ago. Adjusted operating income before depreciation and amortization (Adjusted OIBDA) of $814 million was down 2% from $834 million last year, as a result of an increased investment in television programming, mainly associated with new contracts with the National Football League. Adjusted net earnings from continuing operations were $400 million for the third quarter of 2014 compared with net earnings from continuing operations of $431 million for the same prior-year period. The decline primarily reflects the higher programming investment as well as losses of $23 million ($0.04 per diluted share) associated with changes in foreign exchange rates. Operating income was $668 million for the third quarter of 2014 compared with $764 million for the same prior-year period. Earnings from continuing operations before income taxes were $210 million against $679 million a year ago. Net earnings from continuing operations were $72 million against $431 million a year ago. Net earnings were $1,639 million against $494 million a year ago. Diluted net earnings per common share from continuing operations were $0.13 against $0.70 a year ago. Net earnings per diluted share were $3.03 against $0.80 last year. Net cash flow used in operating activities was $336 million against net cash flow from operating activities of $269 million a year ago. Capital expenditures were $43 million against $44 million last year. The revenue growth was driven by a 4% increase in content licensing and distribution revenues from higher international and domestic licensing of television programming. Adjusted net earnings from continuing operations per diluted share for the third quarter of 2014 grew 6%, to $0.74, from diluted net earnings per share from continuing operations of $0.70 for the same quarter in 2013. The increase was driven by lower weighted average shares outstanding from the split-off of CBS Outdoor Americas Inc. on July 16, 2014, as well as the company's ongoing share repurchase program. For the nine months, the company reported revenue of $10,125 million against $10,434 million a year ago. Operating income was $2,189 million against $2,310 million a year ago. Earnings from continuing operations before income taxes were $1,561 million against $2,033 million a year ago. Net earnings from continuing were was $952 million against $1,316 million a year ago. Net earnings were $2,546 million against $1,409 million a year ago. Diluted net earnings per common share from continuing operations were $1.66 against $2.10 a year ago. Net earnings per diluted share were $4.44 against $2.25 last year. Net cash flow provided by operating activities was $288 million against $1,320 million a year ago. Capital expenditures were $112 million against $112 million last year. Adjusted OIBDA was $2,477 million against $2,527 million a year ago. The company announced impairment charges for the third quarter of 2014. Operating income for the third quarter of 2014 included restructuring charges of $26 million and a noncash impairment charge of $52 million in connection with a radio station swap.

CBS Corporation Presents at Wells Fargo Technology, Media and Telecom Conference 2014, Nov-11-2014

CBS Corporation Presents at Wells Fargo Technology, Media and Telecom Conference 2014, Nov-11-2014 . Venue: The Waldorf Astoria, 301 Park Avenue, New York, NY 10022, United States. Speakers: Jessica Kourakos, VP, IR.

 

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Industry Analysis

CBS

Industry Average

Valuation CBS Industry Range
Price/Earnings 17.3x
Price/Sales 2.1x
Price/Book 3.4x
Price/Cash Flow 11.1x
TEV/Sales 1.3x
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