Viacom (VIA) Announces Earnings Results

Viacom (NASDAQ:VIA) issued its quarterly earnings results on Thursday. The company reported $1.03 earnings per share (EPS) for the quarter, Morningstar.com reports. Viacom had a net margin of 14.13% and a return on equity of 28.95%.

Shares of Viacom (VIA) traded down $1.88 during trading on Friday, hitting $37.12. The stock had a trading volume of 18,428 shares, compared to its average volume of 54,172. Viacom has a 1-year low of $28.20 and a 1-year high of $49.00. The firm has a market capitalization of $15,004.19, a P/E ratio of 9.89 and a beta of 1.39. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55.

Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in Viacom by 21.2% in the 2nd quarter. Wells Fargo & Company MN now owns 38,223 shares of the company’s stock worth $1,454,000 after buying an additional 6,689 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Viacom by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 68,229 shares of the company’s stock worth $2,597,000 after purchasing an additional 3,374 shares during the period. FMR LLC raised its holdings in shares of Viacom by 133.4% in the 2nd quarter. FMR LLC now owns 1,050,751 shares of the company’s stock worth $39,981,000 after purchasing an additional 600,581 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Viacom by 17.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 48,930 shares of the company’s stock worth $1,861,000 after purchasing an additional 7,198 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Viacom by 563.5% in the 2nd quarter. Vanguard Group Inc. now owns 191,623 shares of the company’s stock worth $7,291,000 after purchasing an additional 162,744 shares during the period. 2.40% of the stock is owned by institutional investors and hedge funds.

VIA has been the subject of a number of analyst reports. Loop Capital reissued a “hold” rating and set a $27.00 price objective (down from $28.00) on shares of Viacom in a research report on Wednesday, December 27th. Rosenblatt Securities reissued a “sell” rating and set a $45.00 price objective on shares of Viacom in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Viacom has a consensus rating of “Hold” and a consensus target price of $39.00.

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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 for Viacom (NASDAQ:VIA)

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