Viacom (VIAB) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS
Viacom (NASDAQ:VIAB) released its earnings data on Wednesday. The company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by $0.02, AnalystRatingsNetwork reports. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.56 billion.
Several analysts have recently commented on the stock. Analysts at Cowen and Company downgraded shares of Viacom from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 23rd. On the ratings front, analysts at Morgan Stanley reiterated a “positive” rating on shares of Viacom in a research note on Tuesday, July 15th. Finally, analysts at Barclays initiated coverage on shares of Viacom in a research note on Wednesday, July 9th. They set an “underweight” rating and a $84.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $96.40.
Viacom (NASDAQ:VIAB) opened at 81.77 on Wednesday. Viacom has a 52 week low of $76.78 and a 52 week high of $89.76. The stock’s 50-day moving average is $85.83 and its 200-day moving average is $85.13. The company has a market cap of $35.146 billion and a price-to-earnings ratio of 15.45.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, September 11th.
Viacom Inc (NASDAQ:VIAB) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications (apps), games, consumer products, social media and other entertainment content.
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