Viacom, Inc. to Post FY2018 Earnings of $4.00 Per Share, Barrington Research Forecasts (VIAB)

Viacom, Inc. (NASDAQ:VIAB) – Stock analysts at Barrington Research increased their FY2018 earnings per share (EPS) estimates for Viacom in a note issued to investors on Monday. Barrington Research analyst J. Goss now forecasts that the company will post earnings of $4.00 per share for the year, up from their prior forecast of $3.80. Barrington Research has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Viacom’s Q3 2019 earnings at $1.25 EPS and FY2020 earnings at $5.00 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, beating the Zacks’ consensus estimate of $0.94 by $0.09. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 earnings per share.

A number of other brokerages have also recently issued reports on VIAB. Loop Capital lowered their price objective on Viacom from $32.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, November 17th. KeyCorp reiterated a “hold” rating on shares of Viacom in a research note on Friday, November 24th. Pivotal Research reiterated a “hold” rating and set a $25.00 price objective on shares of Viacom in a research note on Thursday, November 16th. Credit Suisse Group set a $38.00 price objective on Viacom and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Royal Bank of Canada upgraded Viacom from an “underperform” rating to a “sector perform” rating and set a $35.00 price target for the company in a research note on Friday, February 9th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $35.31.

Shares of Viacom (NASDAQ VIAB) traded up $0.22 during trading hours on Wednesday, reaching $33.10. The company’s stock had a trading volume of 4,152,100 shares, compared to its average volume of 5,669,444. The stock has a market capitalization of $13,226.21, a PE ratio of 6.62, a price-to-earnings-growth ratio of 1.18 and a beta of 1.54. Viacom has a 1-year low of $22.13 and a 1-year high of $46.72. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.52.

A number of large investors have recently added to or reduced their stakes in VIAB. Thrivent Financial For Lutherans grew its holdings in Viacom by 3.5% during the second quarter. Thrivent Financial For Lutherans now owns 13,422 shares of the company’s stock valued at $450,000 after purchasing an additional 450 shares during the period. Macquarie Group Ltd. grew its holdings in Viacom by 172.1% during the second quarter. Macquarie Group Ltd. now owns 36,681 shares of the company’s stock valued at $1,231,000 after purchasing an additional 23,200 shares during the period. Janus Henderson Group PLC grew its holdings in Viacom by 391.8% during the second quarter. Janus Henderson Group PLC now owns 201,571 shares of the company’s stock valued at $6,767,000 after purchasing an additional 160,584 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings 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 valued at $1,118,000 after purchasing an additional 8,932 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Viacom during the second quarter valued at about $795,000. 78.69% of the stock is 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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