Viacom Inc. (NASDAQ:VIAB) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.65-0.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.90.
Viacom Inc. (NASDAQ:VIAB) opened at 36.05 on Thursday. The company has a 50 day moving average price of $40.60 and a 200 day moving average price of $41.47. Viacom Inc. has a 52 week low of $30.11 and a 52 week high of $53.35. The stock has a market cap of $14.30 billion, a price-to-earnings ratio of 6.94 and a beta of 1.43.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.04. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the firm posted $1.47 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Viacom Inc. will post $3.91 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, September 22nd. Viacom’s payout ratio is currently 30.83%.
Several equities research analysts have recently weighed in on the stock. Wunderlich dropped their target price on shares of Viacom from $82.00 to $65.00 and set a buy rating for the company in a research report on Wednesday. Vetr downgraded shares of Viacom from a buy rating to a hold rating and set a $44.78 target price for the company. in a research report on Wednesday, August 17th. BTIG Research raised shares of Viacom from a neutral rating to a buy rating and set a $55.00 target price for the company in a research report on Thursday, June 16th. Nomura assumed coverage on shares of Viacom in a research report on Wednesday, June 22nd. They issued a hold rating for the company. Finally, Royal Bank Of Canada raised shares of Viacom from an underperform rating to a sector perform rating and boosted their target price for the stock from $34.00 to $45.00 in a research report on Friday, June 17th. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have assigned a buy rating to the company. Viacom presently has a consensus rating of Hold and an average price target of $45.03.
A number of hedge funds and other institutional investors have recently made changes to their positions in VIAB. American Century Companies Inc. increased its position in shares of Viacom by 2.4% in the second quarter. American Century Companies Inc. now owns 2,129,479 shares of the company’s stock worth $88,309,000 after buying an additional 50,342 shares during the last quarter. Argent Trust Co increased its position in shares of Viacom by 5.9% in the second quarter. Argent Trust Co now owns 6,576 shares of the company’s stock worth $273,000 after buying an additional 364 shares during the last quarter. BlackRock Investment Management LLC increased its position in shares of Viacom by 1.8% in the second quarter. BlackRock Investment Management LLC now owns 724,838 shares of the company’s stock worth $30,059,000 after buying an additional 12,595 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Viacom by 42.7% in the second quarter. BlackRock Fund Advisors now owns 5,362,157 shares of the company’s stock worth $222,369,000 after buying an additional 1,604,976 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in Viacom by 2.2% in the second quarter. Ameritas Investment Partners Inc. now owns 13,106 shares of the company’s stock valued at $543,000 after buying an additional 276 shares in the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.
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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