FBR & Co Comments on Viacom Inc.’s Q4 2017 Earnings (NASDAQ:VIAB)
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%.
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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