Mass media company CBS Corporation (
) on Thursday received some continued bullish sentiment from
analysts at Needham & Company.
The firm reiterated its "Buy" rating and $40 price target on
CBS, which suggests a 22% upside to the stock's Wednesday closing
price of $32.82.
A Needham analyst commented, "We are maintaining our 2Q12
estimates for CBS. CBS is expected to report 2Q12 revenue of $3.54B
(down1% y/y), OIBDA of $864mm (down 1% y/y), and EPS from
Continuing Operations of $0.58 (flat y/y)." CBS is slated to
deliver its second quarter earnings report on Aug. 2, 2012.
CBS shares fell 19 cents, or -0.6%, in morning trading
The Bottom Line
CBS currently offers a 1.22% dividend yield, based on Tuesday's
closing price of $32.82 and the company's annualized dividend
payout of 40 cents per share.
CBS Corporation (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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