Jefferies Group Research Analysts Reduce Earnings Estimates for Viacom Inc. (VIAB)
Viacom Inc. (NASDAQ:VIAB) – Jefferies Group reduced their Q1 2017 earnings per share estimates for Viacom in a research note issued on Monday. Jefferies Group analyst J. Janedis now expects that the brokerage will post earnings per share of $1.04 for the quarter, down from their prior forecast of $1.06. Jefferies Group has a “Buy” rating and a $49.00 price target on the stock. Jefferies Group also issued estimates for Viacom’s Q2 2017 earnings at $0.72 EPS, Q3 2017 earnings at $1.09 EPS, Q4 2017 earnings at $0.73 EPS, FY2017 earnings at $3.57 EPS and FY2018 earnings at $3.73 EPS.
Several other equities analysts have also recently commented on the stock. Credit Suisse Group AG reissued an “outperform” rating and set a $42.00 target price on shares of Viacom in a report on Wednesday, October 5th. Loop Capital reissued a “hold” rating and set a $39.00 target price (down from $41.00) on shares of Viacom in a report on Friday, September 30th. Wedbush reduced their target price on shares of Viacom from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, September 27th. Barclays PLC reissued an “overweight” rating and set a $46.00 target price (down from $48.00) on shares of Viacom in a report on Monday, September 26th. Finally, Argus reissued a “hold” rating on shares of Viacom in a report on Friday, September 23rd. Four research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.80.
Viacom (NASDAQ:VIAB) traded down 0.56% during midday trading on Tuesday, hitting $35.53. The stock had a trading volume of 261,304 shares. Viacom has a 52 week low of $30.11 and a 52 week high of $53.35. The stock’s 50 day moving average price is $38.06 and its 200-day moving average price is $41.14. The company has a market cap of $14.09 billion, a PE ratio of 6.84 and a beta of 1.33.
Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The company earned $3.11 billion during the quarter, compared to the consensus estimate of $3.01 billion. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $1.47 earnings per share.
Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its position in Viacom by 7.1% in the first quarter. IFP Advisors Inc now owns 3,964 shares of the company’s stock valued at $164,000 after buying an additional 264 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised 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 valued at $455,174,000 after buying an additional 450,834 shares in the last quarter. Sentry Investment Management LLC raised its position in Viacom by 45.1% in the first quarter. Sentry Investment Management LLC now owns 21,211 shares of the company’s stock valued at $876,000 after buying an additional 6,596 shares in the last quarter. Columbia Partners L L C Investment Management raised its position in Viacom by 18.3% in the first quarter. Columbia Partners L L C Investment Management now owns 24,377 shares of the company’s stock valued at $1,006,000 after buying an additional 3,764 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new position in Viacom during the first quarter valued at about $337,000. 76.12% of the stock is owned by institutional investors and hedge funds.
The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, September 22nd. Viacom’s dividend payout ratio is 15.41%.
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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