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.
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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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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