Viacom, Inc. (NASDAQ:VIAB) – Stock analysts at Imperial Capital lowered their Q1 2020 earnings per share estimates for shares of Viacom in a report released on Thursday, June 13th. Imperial Capital analyst D. Miller now anticipates that the company will earn $1.27 per share for the quarter, down from their previous forecast of $1.28. Imperial Capital also issued estimates for Viacom’s Q2 2020 earnings at $0.89 EPS, Q3 2020 earnings at $1.17 EPS, Q4 2020 earnings at $1.07 EPS and FY2020 earnings at $4.41 EPS.
Viacom (NASDAQ:VIAB) last posted its earnings results on Friday, May 10th. The company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.15. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.06 billion. Viacom had a return on equity of 22.60% and a net margin of 12.63%. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share.
Several other research firms have also weighed in on VIAB. BidaskClub upgraded Viacom from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 6th. TheStreet upgraded Viacom from a “c+” rating to a “b-” rating in a report on Friday, April 26th. Royal Bank of Canada upgraded Viacom from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $31.00 to $36.00 in a report on Thursday, April 4th. BMO Capital Markets reduced their target price on Viacom from $34.00 to $33.00 and set a “market perform” rating on the stock in a report on Thursday, May 16th. Finally, ValuEngine upgraded Viacom from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Viacom has an average rating of “Hold” and a consensus price target of $34.47.
VIAB stock opened at $29.84 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 1.29. The stock has a market cap of $11.75 billion, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 1.00 and a beta of 1.32. Viacom has a 1-year low of $23.31 and a 1-year high of $34.44.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be issued a $0.20 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.68%. Viacom’s dividend payout ratio (DPR) is 19.42%.
Several institutional investors have recently modified their holdings of the company. Clearbridge Investments LLC raised its holdings in Viacom by 0.6% during the first quarter. Clearbridge Investments LLC now owns 1,246,412 shares of the company’s stock worth $34,987,000 after acquiring an additional 7,428 shares in the last quarter. Accident Compensation Corp raised its holdings in Viacom by 27.9% during the first quarter. Accident Compensation Corp now owns 89,500 shares of the company’s stock worth $2,512,000 after acquiring an additional 19,500 shares in the last quarter. Allstate Corp bought a new stake in Viacom during the first quarter worth about $257,000. Cleararc Capital Inc. bought a new stake in Viacom during the first quarter worth about $241,000. Finally, Kore Private Wealth LLC bought a new stake in Viacom during the first quarter worth about $63,000. Institutional investors own 80.01% of the company’s stock.
Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.
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