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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Several other research firms also recently weighed in on VIAB. UBS AG lowered their price objective on shares of Viacom from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 4th. Atlantic Securities downgraded shares of Viacom from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $45.00 to $30.00 in a report on Friday, August 4th. BidaskClub upgraded shares of Viacom from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Viacom from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $52.00 target price on shares of Viacom in a report on Thursday, August 3rd. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have issued a buy rating to the stock. Viacom currently has an average rating of “Hold” and an average target price of $36.96.

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.

Earnings History and Estimates for Viacom (NASDAQ:VIAB)

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