B. Riley Comments on Viacom, Inc.’s Q2 2018 Earnings (VIAB)

Viacom, Inc. (NASDAQ:VIAB) – Stock analysts at B. Riley increased their Q2 2018 earnings per share (EPS) estimates for shares of Viacom in a research report issued on Friday. B. Riley analyst B. Crockett now expects that the company will earn $0.82 per share for the quarter, up from their prior forecast of $0.68. B. Riley currently has a “Neutral” rating and a $30.00 target price on the stock. B. Riley also issued estimates for Viacom’s Q4 2018 earnings at $1.13 EPS, Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $1.19 EPS and Q4 2019 earnings at $1.11 EPS.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.94 by $0.09. Viacom had a net margin of 15.49% and a return on equity of 26.28%. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter last year, the company posted $1.04 earnings per share. The company’s quarterly revenue was down 7.6% compared to the same quarter last year.

A number of other equities analysts have also recently issued reports on the stock. BMO Capital Markets reissued a “hold” rating and issued a $30.00 target price on shares of Viacom in a report on Wednesday, October 18th. Deutsche Bank cut their target price on shares of Viacom to $25.00 and set a “sell” rating on the stock in a report on Monday, October 23rd. Barclays set a $32.00 target price on shares of Viacom and gave the stock a “hold” rating in a report on Friday, October 20th. UBS Group cut their target price on shares of Viacom from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, November 17th. Finally, Cowen reissued a “hold” rating on shares of Viacom in a report on Friday, October 27th. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $34.77.

Viacom (VIAB) opened at $32.87 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.30 and a current ratio of 1.41. Viacom has a 12-month low of $22.13 and a 12-month high of $46.72. The company has a market cap of $13,520.00, a PE ratio of 6.57, a PEG ratio of 1.14 and a beta of 1.54.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Viacom by 36.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 33,302 shares of the company’s stock valued at $1,118,000 after buying an additional 8,932 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Viacom by 83.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 2,200,000 shares of the company’s stock valued at $61,248,000 after buying an additional 1,000,000 shares during the last quarter. Strs Ohio raised its holdings in shares of Viacom by 32.7% during the third quarter. Strs Ohio now owns 304,539 shares of the company’s stock valued at $8,478,000 after buying an additional 75,000 shares during the last quarter. Callahan Advisors LLC raised its holdings in shares of Viacom by 8.5% during the third quarter. Callahan Advisors LLC now owns 56,175 shares of the company’s stock valued at $1,564,000 after buying an additional 4,400 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Viacom by 6.1% during the third quarter. Parametric Portfolio Associates LLC now owns 1,369,740 shares of the company’s stock valued at $38,134,000 after buying an additional 78,376 shares during the last quarter. 78.74% of the stock is currently owned by institutional investors.

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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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