FY2016 EPS Estimates for Viacom Inc. (VIAB) Lowered by Jefferies Group
Viacom Inc. (NASDAQ:VIAB) – Analysts at Jefferies Group reduced their FY2016 EPS estimates for Viacom in a research note issued to investors on Monday. Jefferies Group analyst J. Janedis now anticipates that the firm will post earnings per share of $3.88 for the year, down from their previous forecast of $3.89. Jefferies Group currently has a “Buy” rating and a $49.00 price target on the stock. Jefferies Group also issued estimates for Viacom’s Q2 2017 earnings at $0.78 EPS, Q4 2017 earnings at $0.97 EPS, FY2017 earnings at $3.98 EPS, Q1 2018 earnings at $1.13 EPS, Q2 2018 earnings at $0.83 EPS and FY2018 earnings at $4.15 EPS.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.04. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the prior year, the company posted $1.47 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis.
Several other equities analysts have also recently issued reports on VIAB. Credit Suisse Group AG restated an “outperform” rating and set a $55.00 price objective on shares of Viacom in a research note on Monday, May 23rd. Zacks Investment Research upgraded Viacom from a “sell” rating to a “hold” rating in a research note on Tuesday, May 24th. Vetr cut Viacom from a “hold” rating to a “sell” rating and set a $39.00 price objective on the stock. in a research note on Tuesday, May 24th. Royal Bank Of Canada restated a “sell” rating on shares of Viacom in a research note on Tuesday, May 31st. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Viacom in a research note on Friday, June 10th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have given a buy rating to the company. Viacom presently has an average rating of “Hold” and a consensus price target of $45.76.
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Viacom (NASDAQ:VIAB) traded down 0.133% during trading on Tuesday, hitting $36.721. 1,399,455 shares of the stock were exchanged. The company has a market cap of $14.57 billion, a price-to-earnings ratio of 7.069 and a beta of 1.43. Viacom has a one year low of $30.11 and a one year high of $53.35. The stock’s 50 day moving average is $41.05 and its 200-day moving average is $41.53.
A number of hedge funds and other institutional investors have recently modified their holdings of VIAB. Pinkerton Retirement Specialists LLC acquired a new position in shares of Viacom during the second quarter valued at approximately $131,000. First Mercantile Trust Co. acquired a new position in shares of Viacom during the second quarter valued at approximately $135,000. Hussman Strategic Advisors Inc. acquired a new position in shares of Viacom during the second quarter valued at approximately $137,000. Smithfield Trust Co. acquired a new position in shares of Viacom during the second quarter valued at approximately $141,000. Finally, IFP Advisors Inc increased its position in shares of Viacom by 7.1% in the first quarter. IFP Advisors Inc now owns 3,964 shares of the company’s stock valued at $164,000 after buying an additional 264 shares in the last quarter. 76.13% of the stock is currently owned by institutional investors.
Viacom Inc (Viacom) 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, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment.
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