$0.94 EPS Expected for Viacom Inc. (VIAB) This Quarter
Analysts forecast that Viacom Inc. (NASDAQ:VIAB) will announce $0.94 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Viacom’s earnings, with estimates ranging from $0.87 to $1.08. Viacom reported earnings of $0.69 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 36.2%. The firm is scheduled to announce its next earnings results on Wednesday, November 8th.
On average, analysts expect that Viacom will report full year earnings of $3.83 per share for the current year, with EPS estimates ranging from $3.55 to $3.92. For the next fiscal year, analysts anticipate that the company will report earnings of $4.10 per share, with EPS estimates ranging from $3.68 to $5.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Viacom.
Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.12. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year.
A number of analysts recently weighed in on VIAB shares. Zacks Investment Research upgraded Viacom from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and issued a $52.00 target price on shares of Viacom in a research report on Monday, April 17th. J P Morgan Chase & Co restated an “overweight” rating and issued a $48.00 target price on shares of Viacom in a research report on Monday, June 12th. Barclays PLC dropped their target price on Viacom from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Sanford C. Bernstein restated an “underperform” rating and issued a $29.00 target price on shares of Viacom in a research report on Friday, June 16th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $43.13.
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Viacom (NASDAQ:VIAB) opened at 30.22 on Monday. The firm has a market cap of $12.14 billion, a P/E ratio of 9.99 and a beta of 1.57. Viacom has a 1-year low of $30.21 and a 1-year high of $46.72. The stock has a 50 day moving average price of $34.80 and a 200 day moving average price of $39.46.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.80 annualized dividend and a yield of 2.65%. Viacom’s payout ratio is 21.98%.
A number of large investors have recently modified their holdings of the company. Torray LLC purchased a new stake in shares of Viacom during the second quarter valued at $7,006,000. Cadence Capital Management LLC purchased a new stake in shares of Viacom during the second quarter valued at $995,000. Boston Private Wealth LLC boosted its stake in shares of Viacom by 1.8% in the second quarter. Boston Private Wealth LLC now owns 6,093 shares of the company’s stock valued at $205,000 after buying an additional 108 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Viacom by 0.9% in the second quarter. Jennison Associates LLC now owns 2,645,749 shares of the company’s stock valued at $88,818,000 after buying an additional 23,885 shares during the last quarter. Finally, BB&T Securities LLC boosted its stake in shares of Viacom by 99.2% in the second quarter. BB&T Securities LLC now owns 13,479 shares of the company’s stock valued at $452,000 after buying an additional 6,711 shares during the last quarter. 77.38% of the stock is currently owned by institutional investors.
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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