Viacom, Inc. (VIAB) to Post Q3 2018 Earnings of $1.20 Per Share, KeyCorp Forecasts

Viacom, Inc. (NASDAQ:VIAB) – Equities research analysts at KeyCorp boosted their Q3 2018 earnings estimates for shares of Viacom in a research note issued on Thursday. KeyCorp analyst A. Hargreaves now forecasts that the company will post earnings per share of $1.20 for the quarter, up from their prior forecast of $1.06. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Viacom’s Q4 2018 earnings at $1.07 EPS, Q3 2019 earnings at $1.21 EPS and Q4 2019 earnings at $1.02 EPS.

A number of other equities analysts have also recently issued reports on VIAB. B. Riley restated a “neutral” rating on shares of Viacom in a research report on Wednesday, November 1st. BidaskClub cut shares of Viacom from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Guggenheim restated a “hold” rating and issued a $35.00 price objective on shares of Viacom in a research report on Friday. Piper Jaffray Companies restated a “hold” rating and issued a $36.00 price objective on shares of Viacom in a research report on Friday. Finally, ValuEngine upgraded shares of Viacom from a “hold” rating to a “buy” rating in a research report on Friday. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. Viacom has a consensus rating of “Hold” and a consensus target price of $34.77.

Viacom (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 price-to-earnings ratio of 6.57, a P/E/G ratio of 1.14 and a beta of 1.54. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.41 and a quick ratio of 1.30.

Viacom (NASDAQ:VIAB) last issued its 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. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Viacom had a net margin of 15.49% and a return on equity of 26.28%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 EPS.

A number of large investors have recently bought and sold shares of VIAB. Thrivent Financial For Lutherans boosted its stake in Viacom by 3.5% during the second quarter. Thrivent Financial For Lutherans now owns 13,422 shares of the company’s stock worth $450,000 after acquiring an additional 450 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Viacom by 172.1% during the second quarter. Macquarie Group Ltd. now owns 36,681 shares of the company’s stock worth $1,231,000 after acquiring an additional 23,200 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Viacom by 391.8% during the second quarter. Janus Henderson Group PLC now owns 201,571 shares of the company’s stock worth $6,767,000 after acquiring an additional 160,584 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Viacom by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 681,199 shares of the company’s stock worth $22,868,000 after acquiring an additional 45,628 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Viacom by 36.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 33,302 shares of the company’s stock worth $1,118,000 after acquiring an additional 8,932 shares in the last quarter. 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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