Viacom Inc. (NASDAQ:VIAB) – Equities researchers at FBR & Co reduced their FY2016 EPS estimates for Viacom in a research report issued on Friday. FBR & Co analyst B. Crockett now forecasts that the firm will earn $3.64 per share for the year, down from their previous forecast of $3.66. FBR & Co has a “Buy” rating on the stock. FBR & Co also issued estimates for Viacom’s Q4 2016 earnings at $0.65 EPS, Q1 2017 earnings at $1.23 EPS, Q3 2017 earnings at $1.10 EPS, Q4 2017 earnings at $0.90 EPS, FY2017 earnings at $4.22 EPS, FY2018 earnings at $4.46 EPS and FY2019 earnings at $4.99 EPS.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.04. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the company posted $1.47 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis.
VIAB has been the subject of a number of other reports. Credit Suisse Group AG reissued an “outperform” rating and set a $42.00 price target on shares of Viacom in a research note on Wednesday, October 5th. Brean Capital reaffirmed a “hold” rating on shares of Viacom in a research note on Thursday, September 8th. Telsey Advisory Group lowered Viacom from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $51.00 to $47.00 in a research note on Friday, August 26th. Wells Fargo & Co. raised Viacom from an “underperform” rating to a “market perform” rating in a research note on Thursday, October 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Viacom in a research note on Wednesday, September 7th. Three research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and twelve have given a buy rating to the company’s stock. Viacom currently has a consensus rating of “Hold” and an average price target of $43.99.
Shares of Viacom (NASDAQ:VIAB) opened at 36.09 on Monday. Viacom has a 52-week low of $30.11 and a 52-week high of $53.35. The company’s 50 day moving average price is $37.42 and its 200 day moving average price is $41.00. The company has a market capitalization of $14.32 billion, a price-to-earnings ratio of 6.95 and a beta of 1.33.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.22%. Viacom’s dividend payout ratio (DPR) is presently 15.41%.
Several institutional investors have recently modified their holdings of VIAB. Pinkerton Retirement Specialists LLC bought a new position in shares of Viacom during the second quarter valued at about $131,000. First Mercantile Trust Co. bought a new position in shares of Viacom during the second quarter valued at about $135,000. Hussman Strategic Advisors Inc. bought a new position in shares of Viacom during the second quarter valued at about $137,000. Smithfield Trust Co. bought a new position in shares of Viacom during the second quarter valued at about $141,000. Finally, Mizuho Asset Management Co. Ltd. boosted its position in shares of Viacom by 90.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,738 shares of the company’s stock valued at $196,000 after buying an additional 2,247 shares during the period. 76.17% of the stock is owned by institutional investors and hedge funds.
Viacom Company Profile
Viacom Inc (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment.
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