Barrington Research Weighs in on Viacom, Inc.’s Q2 2018 Earnings (VIAB)

Viacom, Inc. (NASDAQ:VIAB) – Analysts at Barrington Research raised their Q2 2018 earnings estimates for Viacom in a note issued to investors on Monday. Barrington Research analyst J. Goss now expects that the company will post earnings of $0.81 per share for the quarter, up from their previous forecast of $0.78. Barrington Research currently has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Viacom’s Q3 2018 earnings at $1.16 EPS, Q4 2018 earnings at $1.01 EPS, Q1 2019 earnings at $1.07 EPS, Q2 2019 earnings at $0.88 EPS, Q4 2019 earnings at $1.15 EPS and FY2019 earnings at $4.35 EPS.

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

Several other research analysts have also recently issued reports on VIAB. BMO Capital Markets reissued a “hold” rating and issued a $30.00 price objective on shares of Viacom in a research note on Wednesday, October 18th. Barclays set a $32.00 price objective on Viacom and gave the stock a “hold” rating in a research note on Friday, October 20th. Deutsche Bank dropped their price objective on Viacom to $25.00 and set a “sell” rating on the stock in a research note on Monday, October 23rd. Cowen reissued a “hold” rating on shares of Viacom in a research note on Friday, October 27th. Finally, Credit Suisse Group set a $38.00 price objective on Viacom and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $35.35.

Viacom (NASDAQ:VIAB) opened at $32.88 on Tuesday. Viacom has a 52 week low of $22.13 and a 52 week high of $46.72. The stock has a market capitalization of $13,222.19, a P/E ratio of 8.74, a P/E/G ratio of 1.13 and a beta of 1.54. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.52.

Several institutional investors and hedge funds have recently modified their holdings of the company. Fort L.P. lifted its holdings in shares of Viacom by 122.1% during the 4th quarter. Fort L.P. now owns 92,342 shares of the company’s stock valued at $2,845,000 after purchasing an additional 50,770 shares during the last quarter. Personal Resources Investment & Strategic Management Inc. purchased a new stake in shares of Viacom during the 4th quarter valued at $3,050,000. Standard Life Aberdeen plc lifted its holdings in shares of Viacom by 1.5% during the 4th quarter. Standard Life Aberdeen plc now owns 117,055 shares of the company’s stock valued at $3,607,000 after purchasing an additional 1,749 shares during the last quarter. Roberts Glore & Co. Inc. IL purchased a new stake in shares of Viacom during the 4th quarter valued at $270,000. Finally, Norinchukin Bank The lifted its holdings in shares of Viacom by 7.4% during the 4th quarter. Norinchukin Bank The now owns 28,209 shares of the company’s stock valued at $869,000 after purchasing an additional 1,955 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

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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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