Viacom Inc. (NASDAQ:VIAB) – Equities researchers at KeyCorp issued their Q2 2018 earnings estimates for Viacom in a report released on Thursday. KeyCorp analyst A. Hargreaves expects that the company will earn $0.79 per share for the quarter. KeyCorp also issued estimates for Viacom’s Q3 2018 earnings at $1.03 EPS.

Several other equities research analysts have also issued reports on the company. Barclays PLC reissued a “neutral” rating on shares of Viacom in a research report on Monday. UBS AG dropped their price target on Viacom from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday. Atlantic Securities lowered Viacom from a “neutral” rating to an “underweight” rating and upped their price target for the company from $32.68 to $48.72 in a research report on Friday. Jefferies Group LLC reissued a “buy” rating and set a $52.00 price target on shares of Viacom in a research report on Thursday. Finally, BidaskClub raised Viacom from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $43.13.

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Viacom (VIAB) opened at 30.22 on Monday. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 9.99 and a beta of 1.57. The firm has a 50-day moving average of $34.80 and a 200 day moving average of $39.46. Viacom has a 52 week low of $30.21 and a 52 week high of $46.72.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.12. The company had revenue of $3.36 billion for 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%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 earnings per share.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FUKOKU MUTUAL LIFE INSURANCE Co boosted 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 valued at $103,000 after buying an additional 300 shares in the last quarter. First Personal Financial Services boosted 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 valued at $110,000 after buying an additional 182 shares in the last quarter. First Mercantile Trust Co. boosted 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 valued at $115,000 after buying an additional 54 shares in the last quarter. Fifth Third Bancorp boosted 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 valued at $122,000 after buying an additional 225 shares in the last quarter. Finally, Delta Asset Management LLC TN boosted 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 valued at $146,000 after buying an additional 475 shares in the last quarter. 77.38% of the stock is owned by institutional investors and hedge funds.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.20 per share. 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 dividend payout ratio is currently 21.98%.

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.

Earnings History and Estimates for Viacom (NASDAQ:VIAB)

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