Viacom Inc. (NASDAQ:VIAB) – Stock analysts at Wedbush lowered their Q4 2016 earnings estimates for shares of Viacom in a report issued on Tuesday. Wedbush analyst J. Dix now anticipates that the firm will post earnings per share of $0.66 for the quarter, down from their prior forecast of $0.89. Wedbush currently has a “Neutral” rating and a $40.00 price target on the stock.
Several other equities analysts also recently commented on the stock. Jefferies Group reissued a “buy” rating and set a $49.00 target price on shares of Viacom in a research report on Tuesday, September 20th. Brean Capital raised shares of Viacom from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, September 13th. Pivotal Research reissued a “buy” rating and set a $52.00 target price on shares of Viacom in a research report on Sunday, July 24th. Vetr downgraded shares of Viacom from a “buy” rating to a “hold” rating and set a $44.78 target price on the stock. in a research report on Wednesday, August 17th. Finally, FBR & Co lowered their target price on shares of Viacom from $67.00 to $59.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 26th. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and ten have assigned a buy rating to the company. Viacom has an average rating of “Hold” and a consensus target price of $44.09.
Shares of Viacom (NASDAQ:VIAB) traded up 3.323% during trading on Thursday, reaching $37.775. The company’s stock had a trading volume of 7,112,374 shares. The company has a 50 day moving average of $39.52 and a 200-day moving average of $41.35. Viacom has a 12-month low of $30.11 and a 12-month high of $53.35. The stock has a market cap of $14.98 billion, a price-to-earnings ratio of 7.271 and a beta of 1.43.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.04. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 EPS.
A number of hedge funds have recently added to or reduced their stakes in VIAB. Pinkerton Retirement Specialists LLC acquired a new stake in Viacom during the second quarter worth approximately $131,000. First Mercantile Trust Co. purchased a new position in shares of Viacom during the second quarter worth $135,000. Hussman Strategic Advisors Inc. purchased a new position in shares of Viacom during the second quarter worth $137,000. Smithfield Trust Co. purchased a new position in shares of Viacom during the second quarter worth $141,000. Finally, IFP Advisors Inc boosted its position in shares of Viacom by 7.1% in the first quarter. IFP Advisors Inc now owns 3,964 shares of the company’s stock worth $164,000 after buying an additional 264 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Thursday, September 22nd. Viacom’s dividend payout ratio is presently 15.41%.
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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