Q3 2017 Earnings Forecast for Viacom Inc. (VIAB) Issued By Jefferies Group
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.
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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%.
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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