Q1 2018 EPS Estimates for Viacom Inc. Cut by Barrington Research (VIAB)
Viacom Inc. (NASDAQ:VIAB) – Investment analysts at Barrington Research reduced their Q1 2018 earnings estimates for Viacom in a research report issued to clients and investors on Monday. Barrington Research analyst J. Goss now forecasts that the company will earn $0.95 per share for the quarter, down from their previous forecast of $1.04. Barrington Research also issued estimates for Viacom’s Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $1.09 EPS, FY2018 earnings at $3.80 EPS, Q1 2019 earnings at $0.99 EPS, Q2 2019 earnings at $0.82 EPS, Q3 2019 earnings at $1.02 EPS, Q4 2019 earnings at $1.17 EPS, FY2019 earnings at $4.00 EPS and FY2020 earnings at $4.25 EPS.
Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.09). The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.23 billion. Viacom had a return on equity of 28.95% and a net margin of 14.13%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 earnings per share.
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Viacom (NASDAQ VIAB) opened at $27.26 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55. Viacom has a 1-year low of $22.13 and a 1-year high of $46.72. The firm has a market cap of $10,524.24, a price-to-earnings ratio of 6.94, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.80 annualized dividend and a yield of 2.93%. Viacom’s payout ratio is presently 17.13%.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Viacom by 28.9% during the second quarter. Vanguard Group Inc. now owns 28,964,262 shares of the company’s stock valued at $972,330,000 after purchasing an additional 6,496,269 shares during the last quarter. BlackRock Inc. lifted its position in Viacom by 6.4% during the second quarter. BlackRock Inc. now owns 22,863,371 shares of the company’s stock valued at $767,522,000 after purchasing an additional 1,377,520 shares during the last quarter. FMR LLC lifted its position in Viacom by 17.3% during the second quarter. FMR LLC now owns 10,918,953 shares of the company’s stock valued at $366,551,000 after purchasing an additional 1,607,844 shares during the last quarter. Capital International Investors lifted its position in Viacom by 19.3% during the third quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock valued at $243,926,000 after purchasing an additional 1,418,000 shares during the last quarter. Finally, Oldfield Partners LLP lifted its position in Viacom by 13.2% during the third quarter. Oldfield Partners LLP now owns 5,354,220 shares of the company’s stock valued at $149,061,000 after purchasing an additional 625,600 shares during the last quarter. Institutional investors and hedge funds own 76.33% 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.
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