Brokerages expect Viacom, Inc. (NASDAQ:VIAB) to announce $3.14 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Viacom’s earnings, with estimates ranging from $3.03 billion to $3.31 billion. Viacom posted sales of $3.07 billion during the same quarter last year, which would indicate a positive year over year growth rate of 2.3%. The firm is expected to report its next quarterly earnings report on Thursday, February 14th.
According to Zacks, analysts expect that Viacom will report full year sales of $13.22 billion for the current financial year, with estimates ranging from $13.03 billion to $13.42 billion. For the next financial year, analysts expect that the firm will post sales of $13.58 billion, with estimates ranging from $13.28 billion to $13.95 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Viacom.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Friday, November 16th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. Viacom had a return on equity of 23.68% and a net margin of 13.28%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year.
Several analysts have recently commented on the company. TheStreet upgraded Viacom from a “c+” rating to a “b-” rating in a report on Friday, August 31st. Barrington Research reiterated a “hold” rating on shares of Viacom in a report on Wednesday, August 15th. ValuEngine upgraded Viacom from a “sell” rating to a “hold” rating in a report on Tuesday, November 20th. Wolfe Research assumed coverage on Viacom in a report on Friday. They set an “outperform” rating for the company. Finally, BidaskClub upgraded Viacom from a “strong sell” rating to a “sell” rating in a report on Monday, September 17th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $34.15.
Shares of VIAB opened at $29.91 on Friday. Viacom has a 12 month low of $26.56 and a 12 month high of $35.55. The company has a quick ratio of 1.28, a current ratio of 1.50 and a debt-to-equity ratio of 1.27. The firm has a market cap of $12.44 billion, a PE ratio of 7.26, a price-to-earnings-growth ratio of 1.09 and a beta of 1.42.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 17th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, December 14th. Viacom’s dividend payout ratio (DPR) is presently 19.42%.
Several large investors have recently bought and sold shares of the company. Marshall Wace North America L.P. acquired a new stake in shares of Viacom during the 3rd quarter valued at about $690,000. Great Lakes Advisors LLC grew its position in shares of Viacom by 4.4% during the 3rd quarter. Great Lakes Advisors LLC now owns 53,531 shares of the company’s stock valued at $1,807,000 after acquiring an additional 2,256 shares during the period. Legal & General Group Plc grew its position in shares of Viacom by 3.9% during the 3rd quarter. Legal & General Group Plc now owns 1,979,220 shares of the company’s stock valued at $66,819,000 after acquiring an additional 73,606 shares during the period. Rehmann Capital Advisory Group grew its position in shares of Viacom by 3,275.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 33,624 shares of the company’s stock valued at $996,000 after acquiring an additional 32,628 shares during the period. Finally, Csenge Advisory Group purchased a new position in Viacom in the 3rd quarter valued at about $744,000. Hedge funds and other institutional investors own 69.49% of the company’s stock.
Viacom Company Profile
Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.
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