Q4 2016 EPS Estimates for Viacom Inc. (VIAB) Cut by Analyst
Viacom Inc. (NASDAQ:VIAB) – Wedbush lowered their Q4 2016 earnings per share (EPS) estimates for shares of Viacom in a research report issued on Tuesday. Wedbush analyst J. Dix now anticipates that the brokerage will post earnings per share of $0.66 for the quarter, down from their previous forecast of $0.89. Wedbush has a “Neutral” rating and a $40.00 price target on the stock.
VIAB has been the subject of several other research reports. Brean Capital restated a “hold” rating on shares of Viacom in a research report on Thursday, September 8th. Vetr upgraded shares of Viacom from a “sell” rating to a “hold” rating and set a $42.50 price objective for the company in a research report on Tuesday, August 2nd. Jefferies Group restated a “buy” rating on shares of Viacom in a research report on Thursday, August 11th. Wunderlich restated a “buy” rating on shares of Viacom in a research report on Sunday, July 10th. Finally, Sanford C. Bernstein restated an “underperform” rating on shares of Viacom in a research report on Friday, June 17th. Four equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $44.09.
Viacom (NASDAQ:VIAB) opened at 37.77 on Thursday. The firm’s 50-day moving average price is $39.40 and its 200-day moving average price is $41.32. The company has a market capitalization of $14.98 billion, a price-to-earnings ratio of 7.27 and a beta of 1.43. Viacom has a 52 week low of $30.11 and a 52 week high of $53.35.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The business earned $3.11 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the company posted $1.47 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services Inc raised its position in shares of Viacom by 30.4% in the first quarter. Commonwealth Equity Services Inc now owns 24,545 shares of the company’s stock worth $1,013,000 after buying an additional 5,727 shares during the period. Mn Services Vermogensbeheer B.V. bought a new position in shares of Viacom during the first quarter worth approximately $312,000. IFP Advisors Inc raised 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 during the period. Cornerstone Financial Partners LLC raised its position in shares of Viacom by 263.8% in the first quarter. Cornerstone Financial Partners LLC now owns 78,304 shares of the company’s stock worth $3,241,000 after buying an additional 56,782 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Viacom during the first quarter worth approximately $18,260,000. Institutional investors and hedge funds own 76.12% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 22nd will be paid a $0.20 dividend. The ex-dividend date is Thursday, September 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.12%. Viacom’s dividend payout ratio (DPR) is currently 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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