Viacom, Inc. Expected to Post Q4 2018 Earnings of $1.03 Per Share (VIAB)

Viacom, Inc. (NASDAQ:VIAB) – Equities researchers at Jefferies Group reduced their Q4 2018 EPS estimates for Viacom in a research report issued on Thursday. Jefferies Group analyst J. Janedis now forecasts that the company will post earnings of $1.03 per share for the quarter, down from their prior forecast of $1.11. Jefferies Group also issued estimates for Viacom’s Q1 2019 earnings at $1.06 EPS and Q1 2020 earnings at $1.09 EPS.

Other analysts also recently issued reports about the stock. B. Riley restated a “neutral” rating on shares of Viacom in a research report on Wednesday, November 1st. Pivotal Research restated a “hold” rating and set a $30.00 price target (up from $27.00) on shares of Viacom in a research report on Tuesday, January 9th. Barclays set a $33.00 price target on shares of Viacom and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. ValuEngine downgraded shares of Viacom from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada set a $23.00 price target on shares of Viacom and gave the stock a “sell” rating in a research report on Friday, November 17th. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $34.77.

Shares of Viacom (NASDAQ VIAB) opened at $32.87 on Monday. Viacom has a 52-week low of $22.13 and a 52-week high of $46.72. The company has a market cap of $13,520.00, a PE ratio of 6.57, a price-to-earnings-growth ratio of 1.14 and a beta of 1.54. 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 (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. Viacom had a net margin of 15.49% and a return on equity of 26.28%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the firm earned $1.04 EPS. Viacom’s revenue was down 7.6% on a year-over-year basis.

Institutional investors have recently added to or reduced their stakes in the company. Lehman Financial Resources Inc. purchased a new position in shares of Viacom in the fourth quarter worth approximately $207,000. Hourglass Capital LLC purchased a new position in shares of Viacom in the fourth quarter worth approximately $220,000. SeaCrest Wealth Management LLC purchased a new position in shares of Viacom in the fourth quarter worth approximately $225,000. Marathon Trading Investment Management LLC purchased a new position in shares of Viacom in the third quarter worth approximately $237,000. Finally, Lourd Capital LLC purchased a new position in shares of Viacom in the fourth quarter worth approximately $252,000. 78.74% of the stock is currently owned by institutional investors and hedge funds.

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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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