Viacom Inc. Expected to Post Q1 2017 Earnings of $1.04 Per Share (VIAB)
Viacom Inc. (NASDAQ:VIAB) – Equities researchers at Jefferies Group dropped their Q1 2017 earnings per share (EPS) estimates for shares of Viacom in a research report issued to clients and investors on Monday. Jefferies Group analyst J. Janedis now forecasts that the brokerage will post earnings of $1.04 per share for the quarter, down from their previous forecast of $1.06. Jefferies Group has a “Buy” rating and a $49.00 price objective on the stock. Jefferies Group also issued estimates for Viacom’s Q2 2017 earnings at $0.72 EPS, Q3 2017 earnings at $1.09 EPS, Q4 2017 earnings at $0.73 EPS, FY2017 earnings at $3.57 EPS and FY2018 earnings at $3.73 EPS.
Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, August 4th. The company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.04. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 EPS.
A number of other equities analysts have also weighed in on VIAB. FBR & Co restated a “buy” rating on shares of Viacom in a research report on Monday, June 20th. Brean Capital restated a “hold” rating on shares of Viacom in a research report on Friday, August 5th. Zacks Investment Research lowered shares of Viacom from a “hold” rating to a “sell” rating in a research report on Monday, June 13th. Vetr lowered shares of Viacom from a “strong-buy” rating to a “sell” rating and set a $42.50 price target on the stock. in a research report on Monday, July 11th. Finally, Telsey Advisory Group reduced their target price on shares of Viacom from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Friday, August 5th. Four research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $43.80.
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Viacom (NASDAQ:VIAB) traded down 2.32% during trading on Tuesday, hitting $35.42. 2,335,092 shares of the stock were exchanged. Viacom has a 12 month low of $30.11 and a 12 month high of $53.35. The stock has a market cap of $14.05 billion, a P/E ratio of 6.82 and a beta of 1.33. The stock’s 50 day moving average price is $38.23 and its 200 day moving average price is $41.18.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd were issued a $0.20 dividend. The ex-dividend date was Thursday, September 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.21%. Viacom’s dividend payout ratio is presently 15.41%.
Institutional investors have recently made changes to their positions in the stock. Pinkerton Retirement Specialists LLC bought a new position in shares of Viacom during the second quarter worth about $131,000. First Mercantile Trust Co. bought a new position in shares of Viacom during the second quarter worth about $135,000. Hussman Strategic Advisors Inc. bought a new position in shares of Viacom during the second quarter worth about $137,000. Smithfield Trust Co. bought a new position in shares of Viacom during the second quarter worth about $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 worth $164,000 after buying an additional 264 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.
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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