Brokerages Expect Viacom Inc. (VIAB) to Announce $1.05 Earnings Per Share
Analysts forecast that Viacom Inc. (NASDAQ:VIAB) will post earnings of $1.05 per share for the current quarter, Zacks reports. Five analysts have made estimates for Viacom’s earnings. The highest EPS estimate is $1.10 and the lowest is $0.99. Viacom also reported earnings per share of $1.05 during the same quarter last year. The business is scheduled to report its next earnings report after the market closes on Thursday, August 3rd.
On average, analysts expect that Viacom will report full year earnings of $3.86 per share for the current year, with EPS estimates ranging from $3.55 to $3.93. For the next fiscal year, analysts anticipate that the business will report earnings of $4.14 per share, with EPS estimates ranging from $3.74 to $5.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Viacom.
Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, May 4th. The company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.20. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.03 billion. Viacom had a net margin of 9.32% and a return on equity of 32.00%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share.
A number of brokerages have issued reports on VIAB. Jefferies Group LLC restated a “buy” rating and set a $52.00 target price on shares of Viacom in a research report on Monday, April 17th. Rosenblatt Securities reaffirmed an “underweight” rating on shares of Viacom in a report on Friday, April 14th. Royal Bank Of Canada dropped their price objective on shares of Viacom from $35.00 to $30.00 and set an “underperform” rating for the company in a research note on Friday, May 5th. Pivotal Research reissued a “hold” rating and issued a $40.00 price objective on shares of Viacom in a research note on Sunday, April 23rd. Finally, Guggenheim reissued a “buy” rating and issued a $50.00 price objective on shares of Viacom in a research note on Wednesday, March 22nd. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $43.14.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its stake in Viacom by 14.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 107,833 shares of the company’s stock valued at $3,620,000 after buying an additional 14,000 shares during the period. Denali Advisors LLC increased its stake in Viacom by 37.0% in the second quarter. Denali Advisors LLC now owns 137,500 shares of the company’s stock valued at $4,616,000 after buying an additional 37,100 shares during the last quarter. James Investment Research Inc. purchased a new stake in Viacom during the second quarter valued at $1,414,000. Mn Services Vermogensbeheer B.V. increased its stake in Viacom by 510.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 56,563 shares of the company’s stock valued at $1,899,000 after buying an additional 47,299 shares during the last quarter. Finally, Jacobs & Co. CA increased its stake in Viacom by 2.3% in the second quarter. Jacobs & Co. CA now owns 36,258 shares of the company’s stock valued at $1,217,000 after buying an additional 805 shares during the last quarter. 76.62% of the stock is owned by institutional investors.
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Shares of Viacom (NASDAQ:VIAB) traded down 1.16% during midday trading on Tuesday, hitting $34.91. The stock had a trading volume of 939,238 shares. The firm has a market capitalization of $14.02 billion, a PE ratio of 11.54 and a beta of 1.57. Viacom has a 1-year low of $32.68 and a 1-year high of $46.72. The company’s 50 day moving average price is $34.83 and its 200-day moving average price is $39.65.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, June 15th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Tuesday, June 13th. Viacom’s dividend payout ratio (DPR) is presently 26.40%.
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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