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CBS

CBS

$56.74

0.89 (1.59%)

16:35
02/15/18
02/15
16:35
02/15/18
16:35

CBS reports Q4 Entertainment revenue up 18% to $2.82B

Entertainment revenues of $2.82B for the fourth quarter of 2017 increased 18% from $2.39B for the same prior-year period. This increase was led by 38% growth in content licensing and distribution revenues, driven by strong growth in both domestic and international licensing sales. Affiliate and subscription fees also contributed to the revenue increase and were up 40%, led by higher station affiliation fees and growth from digital initiatives, including CBS All Access and third-party live television streaming offerings. Advertising revenues increased 4% for the quarter, driven by the inclusion of the results of Network Ten, one of three major commercial broadcast networks in Australia, which the Company acquired in mid-November. Entertainment operating income of $465M for the fourth quarter of 2017 increased 25% from $371M for the same prior-year period, primarily reflecting the revenue growth, which was partially offset by an increased investment in programming, including costs for CBS All Access.

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    Mar

CBS CBS
$56.74

0.89 (1.59%)

01/30/18
DBAB
01/30/18
NO CHANGE
Target $90
DBAB
Buy
Standalone or merger, Deutsche sees CBS shares going higher
Deutsche Bank analyst Bryan Kraft laid out his analysis for CBS (CBS) shares under different merger scenarios. The analyst values the stock at $90 in 12 months should CBS remain independent. In a merger with Viacom (VIAB), the analyst's pro forma 12-month valuation has the stock also worth $90. Kraft also analyzed a three-way merger transaction which combines CBS, Viacom and Lionsgate (LGF.A). Under this scenario, the analyst values CBS shares at $96 on a 12-month basis. Kraft has a Buy rating on CBS with a $90 price target.
02/09/18
RBCM
02/09/18
UPGRADE
Target $35
RBCM
Sector Perform
Viacom upgraded to Sector Perform at RBC on increasing likelihood of CBS deal
As reported earlier, RBC Capital analyst Steven Cahall upgraded Viacom (VIAB) to Sector Perform and raised his price target to $35 from $23, saying the combination with CBS (CBS) is increasingly likely. Cahall says he has been negative on Viacom for about two years based on the view of its networks being more at risk than peers from a "deteriorating ecosystem". Now that the merger with CBS is back on "likely in the coming months", the analyst contends, the transaction multiples near market prices would justify a more constructive view.
02/12/18
BMOC
02/12/18
NO CHANGE
Target $34
BMOC
Market Perform
Viacom price target raised to $34 from $27 at BMO Capital
BMO Capital analyst Daniel Salmon raised his price target on Viacom (VIAB) to $34, saying he remains "impressed" by the management's turnaround at the company, as seen in its better affiliate fee outlook, upcoming "direct to consumer" product launch, acquisitions of Vidcon and WHOSAY, and stronger international growth. The analyst also keeps his Market Perform rating, citing limited visibility around a potential CBS (CBS) deal as well as the company's asset mix remaining challenging.
02/12/18
BRRR
02/12/18
NO CHANGE
BRRR
Potential reunion with CBS looms over Viacom fundamentals, says Barrington
Barrington analyst James Goss noted that Viacom (VIAB), which reported Q1 earnings last Thursday, beat the firm's EPS estimate, but fell 4% short of its revenue estimate, mainly due to a larger-than-expected decline in the revenue rate for Paramount. Godd reiterated a Market Perform rating on Viacom, saying that while the company's strategy will push it in a favorable direction, in the near term the primary catalyst appears to be the chance to recombine with CBS (CBS).

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$NYE

NYSE Market Internals

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Dallas Fed Mfg Survey General Activity Index to be reported at 10:30 »

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MSFT

Microsoft

$117.08

0.03 (0.03%)

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YVR

Liquid Media

$3.57

0.02 (0.56%)

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M

Macy's

$23.55

0.22 (0.94%)

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Macy's call volume above normal and directionally bullish »

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PYPL

PayPal

$100.77

-0.61 (-0.60%)

10:04
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Periodicals
Venmo threatens users with debt collectors in effort to curb losses, WSJ reports »

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BFRA

Biofrontera

$11.88

(0.00%)

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Biofrontera acquires Cutanea Life Sciences, Inc., USA »

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AMSC

AMSC

$12.00

-0.16 (-1.32%)

10:02
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AMSC mentioned cautiously in a Seeking Alpha article 

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BE

Bloom Energy

$11.11

-0.69 (-5.85%)

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Bloom Energy falls -6.2% »

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  • 09

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NUS

Nu Skin

$45.70

-3.65 (-7.40%)

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KEG

Key Energy

$4.39

-0.41 (-8.54%)

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Key Energy falls -8.1% »

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YRD

Yirendai

$11.94

0.49 (4.28%)

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Yirendai rises 5.1% »

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  • 25

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AVYA

Avaya

$17.60

4.37 (33.03%)

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Avaya rises 33.2% »

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TIER

Tier REIT

$28.00

2.49 (9.76%)

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Tier REIT rises 9.6% »

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  • 25

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TSLA

Tesla

$257.95

-6.63 (-2.51%)

09:57
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Options
Tesla implied volatility surges as shares slip to 5 month lows »

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TRIP

TripAdvisor

$50.35

-0.4 (-0.79%)

09:55
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Options
TripAdvisor put volume heavy and directionally bearish »

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VIAB

Viacom

$27.21

1.94 (7.68%)

, TGNA

Tegna

$14.16

0.35 (2.53%)

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Early notable gainers among liquid option names on March 25th »

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VIAB

Viacom

$27.21

1.94 (7.68%)

TGNA

Tegna

$14.16

0.35 (2.53%)

JWN

Nordstrom

$43.53

0.61 (1.42%)

M

Macy's

$23.70

0.37 (1.59%)

ORLY

O'Reilly Automotive

$381.18

5.14 (1.37%)

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ANAB

AnaptysBio

$70.38

-0.85 (-1.19%)

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AnaptysBio participates in a conference call with JPMorgan »

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NUS

Nu Skin

$49.35

(0.00%)

09:47
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CEL

Cellcom Israel

$3.76

(0.00%)

09:47
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Cellcom Israel falls -5.1% »

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CMCM

Cheetah Mobile

$6.25

-0.69 (-9.94%)

09:47
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Cheetah Mobile falls -7.7% »

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  • 25

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TCI

Transcontinental Realty Inc

$31.23

-6.48 (-17.18%)

09:47
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Transcontinental Realty Inc rises 5.0% »

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TIER

Tier REIT

$27.74

2.23 (8.74%)

09:47
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