Viacom Inc. (NASDAQ:VIAB) – Investment analysts at Barrington Research dropped their FY2016 earnings per share (EPS) estimates for shares of Viacom in a research report issued to clients and investors on Friday. Barrington Research analyst J. Goss now expects that the brokerage will post earnings per share of $3.55 for the year, down from their previous estimate of $3.85. Barrington Research also issued estimates for Viacom’s Q2 2017 earnings at $0.86 EPS, Q3 2017 earnings at $1.22 EPS, Q4 2017 earnings at $0.89 EPS, FY2017 earnings at $4.15 EPS and FY2018 earnings at $4.65 EPS.
A number of other analysts have also recently issued reports on the company. Barclays PLC restated an “overweight” rating and set a $46.00 price objective (down from $48.00) on shares of Viacom in a research report on Monday. Argus restated a “hold” rating on shares of Viacom in a research report on Friday. Wells Fargo & Co. restated an “underperform” rating and set a $35.00 price objective on shares of Viacom in a research report on Thursday, September 22nd. Macquarie lowered their price objective on Viacom from $44.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, September 22nd. Finally, Brean Capital restated a “buy” rating and set a $44.00 price objective on shares of Viacom in a research report on Thursday, September 22nd. Four investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $44.22.
Shares of Viacom (NASDAQ:VIAB) opened at 34.84 on Monday. Viacom has a 52 week low of $30.11 and a 52 week high of $53.35. The company has a market capitalization of $13.82 billion, a PE ratio of 6.71 and a beta of 1.43. The company’s 50 day moving average is $39.88 and its 200-day moving average is $41.41.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the previous year, the business earned $1.47 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 22nd will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, September 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.30%. Viacom’s payout ratio is presently 30.83%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Research Global Investors increased its position in Viacom by 2.7% in the second quarter. Capital Research Global Investors now owns 42,454,768 shares of the company’s stock worth $1,760,599,000 after buying an additional 1,118,815 shares during the last quarter. Vanguard Group Inc. increased its position in Viacom by 4.9% in the second quarter. Vanguard Group Inc. now owns 21,469,806 shares of the company’s stock worth $890,352,000 after buying an additional 1,007,008 shares during the last quarter. Capital World Investors increased its position in Viacom by 19.3% in the second quarter. Capital World Investors now owns 16,729,443 shares of the company’s stock worth $693,770,000 after buying an additional 2,710,443 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Viacom by 4.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 11,026,497 shares of the company’s stock worth $455,174,000 after buying an additional 450,834 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Viacom by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 8,414,859 shares of the company’s stock worth $348,963,000 after buying an additional 261,769 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.
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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