Viacom Inc. Expected to Earn FY2016 Earnings of $3.64 Per Share (VIAB)
Viacom Inc. (NASDAQ:VIAB) – Equities research analysts at FBR & Co dropped their FY2016 earnings estimates for shares of Viacom in a report issued on Friday. FBR & Co analyst B. Crockett now expects that the firm will post earnings per share of $3.64 for the year, down from their prior estimate of $3.66. FBR & Co currently has a “Buy” rating on the stock. FBR & Co also issued estimates for Viacom’s Q4 2016 earnings at $0.65 EPS, Q1 2017 earnings at $1.23 EPS, Q3 2017 earnings at $1.10 EPS, Q4 2017 earnings at $0.90 EPS, FY2017 earnings at $4.22 EPS, FY2018 earnings at $4.46 EPS and FY2019 earnings at $4.99 EPS.
Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.04. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the business earned $1.47 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis.
Several other research analysts have also weighed in on VIAB. Brean Capital reiterated a “hold” rating on shares of Viacom in a research report on Friday, August 5th. Vetr cut Viacom from a “strong-buy” rating to a “sell” rating and set a $42.50 price target on the stock. in a research note on Monday, July 11th. Telsey Advisory Group decreased their price target on Viacom from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Friday, August 5th. Wells Fargo & Co. restated an “underperform” rating and set a $35.00 price target on shares of Viacom in a research note on Thursday, September 22nd. Finally, Zacks Investment Research cut Viacom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 13th. Three investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have issued a buy rating to the stock. Viacom has an average rating of “Hold” and an average price target of $43.81.
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Viacom (NASDAQ:VIAB) opened at 36.00 on Monday. Viacom has a 52 week low of $30.11 and a 52 week high of $53.35. The stock has a market capitalization of $14.28 billion, a P/E ratio of 6.93 and a beta of 1.33. The company’s 50-day moving average price is $37.56 and its 200 day moving average price is $41.03.
Several large investors have recently bought and sold shares of VIAB. Royal Bank of Canada increased its stake in Viacom by 104.1% in the first quarter. Royal Bank of Canada now owns 1,074,641 shares of the company’s stock worth $44,362,000 after buying an additional 548,080 shares during the last quarter. Legal & General Group Plc increased its stake in Viacom by 2.8% in the first quarter. Legal & General Group Plc now owns 1,555,673 shares of the company’s stock worth $64,209,000 after buying an additional 42,350 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Viacom by 120.5% in the first quarter. Nuveen Asset Management LLC now owns 728,866 shares of the company’s stock worth $30,087,000 after buying an additional 398,300 shares during the last quarter. PGGM Investments increased its stake in Viacom by 336.8% in the second quarter. PGGM Investments now owns 1,004,717 shares of the company’s stock worth $41,666,000 after buying an additional 774,693 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Viacom by 0.5% in the first quarter. Geode Capital Management LLC now owns 2,908,135 shares of the company’s stock worth $119,812,000 after buying an additional 14,321 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd were given a dividend of $0.20 per share. The ex-dividend date was Thursday, September 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.22%. Viacom’s payout ratio is 15.41%.
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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