Shares of CBS Corporation (NYSE:CBS) recorded 1.37% gain during trading session on August 13th, 2019. The script traded as low as $48.12 and last traded at $48.70. 7.02 million shares changed exchanged hands during trading, a drop of -204.05% from the 30-day average session volume of 2.31M shares. The firm had previously closed at $48.04. The company has $389.65M outstanding shares, a price-to-earnings ratio of 6.17, price-to-earnings-growth ratio of 1.27and a beta of 1.17. The company has a RSI of 41.81, ATR of 1.27 and a volatility of 3.24% this week. CBS has a 52 week low price of $41.38 and a 52 week high price of $59.56.
Investors have identified the tech company CBS Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 18.98B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
CBS Corporation (CBS) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For CBS, the company has in raw cash 216 million on their books with 2.33 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 0 total, with 1000000 as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
CBS were able to record 254 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 104 million. In cash movements, the company had a total of 314 million as operating cash flow.
Potential earnings growth for CBS Corporation (CBS)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, CBS Corporation recorded a total of 3.81 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.09% coming in sequential stages and their sales for the third quarter reducing by -0.09%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 2.51 billion trying to sell their products during the last quarter, with the result yielding a gross income of 1.3 billion. This allows shareholders to hold on to 389.65M with the revenue now reading 1180 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (1.63 cents a share).
Is the stock of CBS attractive?
Having a look at the company’s valuation, the company is expected to record 6.43 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CBS sounds very interesting.
In related news, EVP, Deputy GC and Secretary Anschell Jonathan sold 20,730 shares of the company’s stock in a transaction that recorded on February 28th, 2019. The sale was performed at an average price of 50.11, for a total value of 1,038,799. As the sale deal closes, the Director Anschell Jonathan now sold 4,584 shares of the company’s stock, valued at 235,389. Also, Sr.EVP Chief Admin & HR Ofcr Ambrosio Anthony G sold 2,234 shares of the company’s stock in a deal that was recorded on November 1st, 2019. The shares were sold at an average price of 58.16 per share, with a total market value of 69,253. Following this completion of acquisition, the Sr.EVP Chief Admin & HR Ofcr now holds 5,850 shares of the company’s stock, valued at 337,348. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
8 out of 28 analysts covering the stock have rated it a Buy, while 11 have maintained a Hold recommendation on CBS Corporation stock. 0 analysts has assigned a Sell rating on the CBS stock. The 12-month mean consensus price target for the company’s shares has been set at $61.43.