Benchmark Maintains a 'Buy' on CBS (CBS); Content is King; Raising Numbers
Tweet Send to a FriendGet Alerts CBS Hot Sheet
Price: $51.26 --0%
Rating Summary:
12 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Rating Summary:
12 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Trade CBS Now!
Benchmark maintains a 'Buy' on CBS (NYSE: CBS) price target raised from $33 to $39.
Analyst, Edward J. Atorino, said, "CBS’ strong finish in 2011 has carried into 2012 as CBS maximizes the monetization of its content, including enhanced digital distribution, driving growth in Network revenues and expanding OIBDA margins."
"(For FY12) We now look for 7.5% y/y revenue growth to $15.3 billion, with improved profitability reflecting favorable cost trends. We estimate TV station revenue could be up in the low to mid teens, with Entertainment up 7% and Cable up 8%. Our 2012 EPS estimate rises to $2.45 from $2.31, with OIBDA of $3.55 billion on a 130bp improvement in margin."
For an analyst ratings summary and ratings history on CBS click here. For more ratings news on CBS click here.
Shares of CBS closed at $33.42 yesterday, with a 52 week range of $17.99-$34.56.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Edward J. Atorino, said, "CBS’ strong finish in 2011 has carried into 2012 as CBS maximizes the monetization of its content, including enhanced digital distribution, driving growth in Network revenues and expanding OIBDA margins."
"(For FY12) We now look for 7.5% y/y revenue growth to $15.3 billion, with improved profitability reflecting favorable cost trends. We estimate TV station revenue could be up in the low to mid teens, with Entertainment up 7% and Cable up 8%. Our 2012 EPS estimate rises to $2.45 from $2.31, with OIBDA of $3.55 billion on a 130bp improvement in margin."
For an analyst ratings summary and ratings history on CBS click here. For more ratings news on CBS click here.
Shares of CBS closed at $33.42 yesterday, with a 52 week range of $17.99-$34.56.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
- Compuware (CPWR) Estimates Trimmed, PT Raised at Jefferies
- Signs of Solid Q2 at American Eagle (AEO) - Analyst
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
