Viacom Inc. (NASDAQ:VIAB) – Investment analysts at FBR & Co dropped their FY2017 earnings per share (EPS) estimates for shares of Viacom in a report issued on Tuesday. FBR & Co analyst B. Crockett now expects that the company will post earnings of $3.92 per share for the year, down from their prior forecast of $3.94. FBR & Co also issued estimates for Viacom’s FY2019 earnings at $4.11 EPS and FY2020 earnings at $4.13 EPS.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter last year, the business posted $1.05 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: “FBR & Co Research Analysts Decrease Earnings Estimates for Viacom Inc. (VIAB)” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/11/02/fbr-co-research-analysts-decrease-earnings-estimates-for-viacom-inc-viab.html.

VIAB has been the topic of a number of other research reports. Morgan Stanley lowered their target price on shares of Viacom from $42.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, October 13th. Zacks Investment Research cut shares of Viacom from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 3rd. UBS AG lowered their target price on shares of Viacom from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. Guggenheim restated a “buy” rating and set a $37.00 target price (down previously from $40.00) on shares of Viacom in a research note on Friday, October 6th. Finally, Jefferies Group LLC restated a “buy” rating and set a $52.00 target price on shares of Viacom in a research note on Thursday, August 3rd. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $38.96.

A number of large investors have recently modified their holdings of VIAB. Thrivent Financial For Lutherans grew its holdings in Viacom by 5.7% during the 1st quarter. Thrivent Financial For Lutherans now owns 12,972 shares of the company’s stock valued at $604,000 after purchasing an additional 700 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in Viacom by 1.8% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 53,856 shares of the company’s stock valued at $1,808,000 after purchasing an additional 973 shares during the last quarter. Farmers Trust Co. grew its holdings in Viacom by 33.2% during the 2nd quarter. Farmers Trust Co. now owns 58,403 shares of the company’s stock valued at $1,960,000 after purchasing an additional 14,569 shares during the last quarter. Bank of Montreal Can grew its holdings in Viacom by 7.0% during the 2nd quarter. Bank of Montreal Can now owns 193,788 shares of the company’s stock valued at $6,507,000 after purchasing an additional 12,667 shares during the last quarter. Finally, Creative Planning grew its holdings in Viacom by 220.4% during the 2nd quarter. Creative Planning now owns 52,537 shares of the company’s stock valued at $1,764,000 after purchasing an additional 36,142 shares during the last quarter. Institutional investors own 79.11% of the company’s stock.

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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