Zacks: Analysts Anticipate Viacom, Inc. (VIAB) Will Post Earnings of $1.06 Per Share
Wall Street brokerages forecast that Viacom, Inc. (NASDAQ:VIAB) will announce earnings per share of $1.06 for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Viacom’s earnings. The highest EPS estimate is $1.11 and the lowest is $0.99. Viacom reported earnings per share of $1.05 during the same quarter last year, which indicates a positive year over year growth rate of 1%. The company is scheduled to report its next earnings report on Thursday, August 3rd.
On average, analysts expect that Viacom will report full-year earnings of $3.84 per share for the current year, with EPS estimates ranging from $3.55 to $3.93. For the next financial year, analysts expect that the firm will report earnings of $4.11 per share, with EPS estimates ranging from $3.74 to $4.37. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Viacom.
Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, May 4th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.20. Viacom had a net margin of 10.94% and a return on equity of 33.25%. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the firm posted $0.76 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis.
A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reduced their target price on shares of Viacom from $35.00 to $30.00 and set an “underperform” rating for the company in a research report on Monday, May 15th. Bank of America Corp increased their target price on shares of Viacom from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, February 10th. Guggenheim reiterated a “buy” rating and issued a $50.00 target price on shares of Viacom in a research report on Wednesday, March 22nd. Deutsche Bank AG cut shares of Viacom from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Finally, Barclays PLC cut shares of Viacom from an “overweight” rating to an “equal weight” rating and set a $45.00 target price for the company. in a research report on Friday, February 10th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Viacom has a consensus rating of “Hold” and a consensus target price of $43.95.
Viacom (NASDAQ:VIAB) traded up 0.60% during mid-day trading on Friday, hitting $35.13. 4,714,487 shares of the stock were exchanged. The stock’s 50 day moving average is $39.64 and its 200 day moving average is $40.12. The stock has a market cap of $14.11 billion, a PE ratio of 11.61 and a beta of 1.33. Viacom has a 52-week low of $33.44 and a 52-week high of $46.72.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Tuesday, June 13th. Viacom’s payout ratio is currently 22.92%.
A number of large investors have recently added to or reduced their stakes in VIAB. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Viacom by 85.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,204 shares of the company’s stock valued at $2,218,000 after buying an additional 26,764 shares during the last quarter. Jabre Capital Partners S.A. purchased a new stake in Viacom during the third quarter valued at about $7,049,000. Arlington Value Capital LLC purchased a new stake in Viacom during the third quarter valued at about $8,704,000. Jana Partners LLC purchased a new stake in Viacom during the third quarter valued at about $105,338,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in Viacom during the third quarter valued at about $251,000. Hedge funds and other institutional investors own 76.82% of the company’s stock.
Viacom Company Profile
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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