Viacom Inc. (NASDAQ:VIAB) – Equities researchers at FBR & Co reduced their Q4 2017 earnings per share (EPS) estimates for Viacom in a research note issued on Tuesday. FBR & Co analyst B. Crockett now anticipates that the company will post earnings of $1.08 per share for the quarter, down from their prior estimate of $1.10. FBR & Co has a “Mkt Perform” rating and a $48.00 price objective on the stock. FBR & Co also issued estimates for Viacom’s FY2020 earnings at $4.31 EPS.

Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, May 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.20. Viacom had a net margin of 9.32% and a return on equity of 32.00%. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year.

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Several other research analysts have also recently weighed in on VIAB. Rosenblatt Securities started coverage on shares of Viacom in a research note on Wednesday, April 5th. They set a “neutral” rating and a $45.00 price target on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $52.00 price target on shares of Viacom in a research note on Monday, April 17th. Pivotal Research restated a “hold” rating and set a $40.00 target price on shares of Viacom in a research note on Sunday, April 23rd. Royal Bank Of Canada lowered their target price on shares of Viacom from $35.00 to $30.00 and set an “underperform” rating on the stock in a research note on Friday, May 5th. Finally, BMO Capital Markets lowered their target price on shares of Viacom from $44.00 to $42.00 and set a “market perform” rating on the stock in a research note on Friday, May 5th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Viacom presently has an average rating of “Hold” and an average target price of $43.14.

Shares of Viacom (NASDAQ VIAB) traded down 1.528% during midday trading on Wednesday, reaching $34.475. 3,786,495 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $34.83 and a 200-day moving average of $39.60. Viacom has a one year low of $32.68 and a one year high of $46.72. The stock has a market cap of $13.85 billion, a price-to-earnings ratio of 11.397 and a beta of 1.57.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Viacom by 3,068.5% in the first quarter. BlackRock Inc. now owns 21,485,851 shares of the company’s stock valued at $1,001,671,000 after buying an additional 20,807,733 shares during the period. Wellington Management Group LLP raised its position in Viacom by 3,113.9% in the first quarter. Wellington Management Group LLP now owns 20,233,146 shares of the company’s stock valued at $943,269,000 after buying an additional 19,603,597 shares during the period. State Street Corp raised its position in Viacom by 1.4% in the first quarter. State Street Corp now owns 15,523,719 shares of the company’s stock valued at $723,729,000 after buying an additional 207,253 shares during the period. FMR LLC raised its position in Viacom by 36.1% in the first quarter. FMR LLC now owns 9,311,109 shares of the company’s stock valued at $434,084,000 after buying an additional 2,467,925 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in Viacom by 23.4% in the first quarter. TIAA CREF Investment Management LLC now owns 4,752,876 shares of the company’s stock valued at $221,579,000 after buying an additional 900,264 shares during the period. Hedge funds and other institutional investors own 76.57% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, June 15th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.29%. Viacom’s dividend payout ratio (DPR) is presently 26.40%.

About Viacom

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.

Earnings History and Estimates for Viacom (NASDAQ:VIAB)

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