FY2018 Earnings Estimate for Viacom, Inc. Issued By B. Riley (VIAB)

Viacom, Inc. (NASDAQ:VIAB) – Equities research analysts at B. Riley raised their FY2018 earnings per share (EPS) estimates for Viacom in a report issued on Tuesday. B. Riley analyst B. Crockett now forecasts that the company will post earnings per share of $4.14 for the year, up from their previous forecast of $3.79. B. Riley currently has a “Neutral” rating and a $30.00 target price on the stock.

Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.09). Viacom had a net margin of 14.13% and a return on equity of 28.95%. The company had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter last year, the business posted $1.54 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis.

Other analysts have also recently issued reports about the company. UBS Group cut Viacom from a “neutral” rating to a “sell” rating in a research note on Tuesday. Rosenblatt Securities cut Viacom from a “neutral” rating to a “sell” rating in a research note on Tuesday. Piper Jaffray Companies restated a “hold” rating and issued a $40.00 price target on shares of Viacom in a research note on Tuesday, September 26th. Loop Capital restated a “hold” rating and issued a $32.00 price target (down from $36.00) on shares of Viacom in a research note on Monday, September 25th. Finally, Cowen cut their price target on Viacom from $41.00 to $31.00 in a research note on Tuesday, September 19th. Seven equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the company. Viacom currently has an average rating of “Hold” and a consensus target price of $35.04.

Viacom (NASDAQ VIAB) traded down $2.38 during trading on Wednesday, reaching $31.38. The company’s stock had a trading volume of 9,609,500 shares, compared to its average volume of 6,259,910. Viacom has a one year low of $22.13 and a one year high of $46.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55. The firm has a market capitalization of $13,130.00, a PE ratio of 6.73, a PEG ratio of 1.19 and a beta of 1.60.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Thursday, December 14th. Viacom’s dividend payout ratio is presently 17.17%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its holdings in Viacom by 8.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,776,780 shares of the company’s stock valued at $54,743,000 after purchasing an additional 139,328 shares in the last quarter. Oldfield Partners LLP boosted its holdings in Viacom by 25.6% in the 4th quarter. Oldfield Partners LLP now owns 6,722,920 shares of the company’s stock valued at $207,134,000 after purchasing an additional 1,368,700 shares in the last quarter. Bank of Montreal Can boosted its holdings in Viacom by 4.1% in the 4th quarter. Bank of Montreal Can now owns 225,878 shares of the company’s stock valued at $6,960,000 after purchasing an additional 8,824 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Viacom by 6.1% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,369,740 shares of the company’s stock valued at $38,134,000 after purchasing an additional 78,376 shares in the last quarter. Finally, AXA boosted its holdings in Viacom by 41.0% in the 3rd quarter. AXA now owns 1,389,850 shares of the company’s stock valued at $38,693,000 after purchasing an additional 403,920 shares in the last quarter. 79.19% of the stock is currently owned by institutional investors.

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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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