Viacom Inc. (NASDAQ:VIAB) – Investment analysts at Jefferies Group dropped their Q3 2017 earnings per share (EPS) estimates for shares of Viacom in a report issued on Monday. Jefferies Group analyst J. Janedis now expects that the brokerage will post earnings of $1.14 per share for the quarter, down from their prior forecast of $1.19. Jefferies Group currently has a “Buy” rating and a $49.00 target price on the stock. Jefferies Group also issued estimates for Viacom’s Q3 2018 earnings at $1.19 EPS.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.04. The business earned $3.11 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $1.47 earnings per share.

Other equities research analysts also recently issued reports about the stock. Vetr downgraded shares of Viacom from a “buy” rating to a “hold” rating and set a $44.78 price target on the stock. in a research note on Wednesday, August 17th. BTIG Research raised shares of Viacom from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Thursday, June 16th. Nomura started coverage on shares of Viacom in a report on Wednesday, June 22nd. They issued a “hold” rating for the company. FBR & Co restated a “buy” rating on shares of Viacom in a report on Monday, June 20th. Finally, Royal Bank Of Canada upgraded shares of Viacom from an “underperform” rating to a “sector perform” rating and lifted their price objective for the company from $34.00 to $45.00 in a report on Friday, June 17th. Four 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. The company presently has an average rating of “Hold” and an average target price of $45.76.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/q3-2017-earnings-forecast-for-viacom-inc-viab-issued-by-jefferies-group.html

Viacom (NASDAQ:VIAB) traded down 0.36% on Wednesday, hitting $36.03. 6,299,070 shares of the company’s stock were exchanged. Viacom has a 12-month low of $30.11 and a 12-month high of $53.35. The company has a market cap of $14.29 billion, a PE ratio of 6.94 and a beta of 1.43. The company’s 50-day moving average price is $40.82 and its 200-day moving average price is $41.51.

A number of large investors have recently modified their holdings of the stock. Capital Research Global Investors boosted its stake in shares of Viacom by 2.7% in the second quarter. Capital Research Global Investors now owns 42,454,768 shares of the company’s stock worth $1,760,599,000 after buying an additional 1,118,815 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Viacom by 4.9% in the second quarter. Vanguard Group Inc. now owns 21,469,806 shares of the company’s stock worth $890,352,000 after buying an additional 1,007,008 shares during the last quarter. Capital World Investors boosted its stake in shares of Viacom by 19.3% in the second quarter. Capital World Investors now owns 16,729,443 shares of the company’s stock worth $693,770,000 after buying an additional 2,710,443 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Viacom by 4.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 11,026,497 shares of the company’s stock worth $455,174,000 after buying an additional 450,834 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Viacom by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 8,414,859 shares of the company’s stock worth $348,963,000 after buying an additional 261,769 shares during the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 22nd will be paid a $0.20 dividend. The ex-dividend date is Thursday, September 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.21%. Viacom’s payout ratio is 30.83%.

About Viacom

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.

5 Day Chart for NASDAQ:VIAB

Receive News & Ratings for Viacom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. and related companies with MarketBeat.com's FREE daily email newsletter.