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.
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.
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.
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