Viacom Inc. (VIAB) Expected to Post Earnings of $1.06 Per Share

Wall Street brokerages expect Viacom Inc. (NASDAQ:VIAB) to report earnings per share of $1.06 for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Viacom’s earnings. The highest EPS estimate is $1.11 and the lowest is $0.99. Viacom posted earnings of $1.05 per share in the same quarter last year, which would suggest a positive year over year growth rate of 1%. The business is expected to report its next earnings results after the market closes on Thursday, August 3rd.

On average, analysts expect that Viacom will report full-year earnings of $3.84 per share for the current year, with EPS estimates ranging from $3.55 to $3.93. For the next financial year, analysts forecast that the company will report earnings of $4.16 per share, with EPS estimates ranging from $3.74 to $5.00. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Viacom.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.20. Viacom had a net margin of 9.32% and a return on equity of 32.00%. The company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter last year, the company posted $0.76 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year.

Several equities research analysts have issued reports on VIAB shares. Guggenheim reiterated a “buy” rating and set a $50.00 price objective on shares of Viacom in a research note on Wednesday, March 22nd. Jefferies Group LLC reiterated a “buy” rating and set a $52.00 price objective on shares of Viacom in a research note on Saturday, March 11th. Pivotal Research reiterated a “hold” rating and set a $40.00 price objective on shares of Viacom in a research note on Sunday, April 23rd. ValuEngine downgraded shares of Viacom from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BMO Capital Markets decreased their price objective on shares of Viacom from $44.00 to $42.00 and set a “market perform” rating for the company in a research note on Monday, May 15th. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Viacom currently has an average rating of “Hold” and an average price target of $43.38.

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Shares of Viacom (NASDAQ:VIAB) traded up 1.05% during trading on Wednesday, reaching $34.57. 4,373,545 shares of the company’s stock traded hands. The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of 11.43 and a beta of 1.53. Viacom has a 1-year low of $33.44 and a 1-year high of $46.72. The stock has a 50-day moving average of $35.40 and a 200-day moving average of $39.84.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.31%. Viacom’s dividend payout ratio (DPR) is 26.40%.

Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of Viacom by 2,489.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,147,000 shares of the company’s stock worth $40,260,000 after buying an additional 1,102,700 shares during the period. Wetherby Asset Management Inc. boosted its stake in shares of Viacom by 0.7% in the first quarter. Wetherby Asset Management Inc. now owns 7,186 shares of the company’s stock worth $335,000 after buying an additional 53 shares during the period. LMR Partners LLP acquired a new stake in shares of Viacom during the first quarter worth $874,000. United Capital Financial Advisers LLC boosted its stake in shares of Viacom by 4.3% in the fourth quarter. United Capital Financial Advisers LLC now owns 38,420 shares of the company’s stock worth $1,349,000 after buying an additional 1,575 shares during the period. Finally, Korea Investment CORP boosted its stake in shares of Viacom by 43.9% in the first quarter. Korea Investment CORP now owns 209,932 shares of the company’s stock worth $9,787,000 after buying an additional 64,022 shares during the period. 76.93% of the stock is currently owned by institutional investors.

About Viacom

Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.

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