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.
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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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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