Viacom Inc. (NASDAQ:VIAB) – Research analysts at Jefferies Group decreased their Q4 2017 earnings per share estimates for Viacom in a report issued on Thursday. Jefferies Group analyst J. Janedis now anticipates that the company will post earnings per share of $0.87 for the quarter, down from their previous forecast of $0.98. Jefferies Group has a “Buy” rating and a $52.00 price target on the stock. Jefferies Group also issued estimates for Viacom’s Q1 2018 earnings at $0.97 EPS, Q3 2018 earnings at $1.09 EPS, Q4 2018 earnings at $0.87 EPS, FY2018 earnings at $3.68 EPS, Q1 2019 earnings at $0.95 EPS, Q2 2019 earnings at $0.73 EPS, Q3 2019 earnings at $1.08 EPS, FY2019 earnings at $3.61 EPS and FY2020 earnings at $3.54 EPS.

Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.12. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.29 billion. Viacom had a net margin of 11.04% and a return on equity of 30.89%. Viacom’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share.

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VIAB has been the topic of several other reports. Royal Bank Of Canada cut their price target on shares of Viacom from $35.00 to $30.00 and set an “underperform” rating on the stock in a report on Monday, May 15th. Cowen and Company reiterated a “hold” rating and set a $41.00 price target on shares of Viacom in a report on Tuesday, July 11th. BidaskClub upgraded shares of Viacom from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Morgan Stanley reiterated an “overweight” rating on shares of Viacom in a report on Thursday, July 6th. Finally, Deutsche Bank AG downgraded shares of Viacom from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $43.13.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.65%. Viacom’s payout ratio is 21.98%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in shares of Viacom by 15.8% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,202 shares of the company’s stock worth $103,000 after buying an additional 300 shares during the last quarter. First Personal Financial Services raised its position in shares of Viacom by 5.9% in the second quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after buying an additional 182 shares during the last quarter. First Mercantile Trust Co. raised its position in shares of Viacom by 1.6% in the second quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after buying an additional 54 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Viacom by 9.4% in the first quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock worth $122,000 after buying an additional 225 shares during the last quarter. Finally, Delta Asset Management LLC TN raised its position in shares of Viacom by 12.2% in the second quarter. Delta Asset Management LLC TN now owns 4,358 shares of the company’s stock worth $146,000 after buying an additional 475 shares during the last quarter. Institutional investors and hedge funds own 77.38% of the company’s stock.

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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