Viacom Inc. Expected to Earn FY2016 Earnings of $3.64 Per Share (VIAB)
Viacom Inc. (NASDAQ:VIAB) – Stock analysts at FBR & Co decreased their FY2016 earnings per share (EPS) estimates for shares of Viacom in a research note issued on Friday. FBR & Co analyst B. Crockett now anticipates that the brokerage will post earnings per share of $3.64 for the year, down from their prior forecast of $3.66. FBR & Co currently has a “Buy” rating on the stock. FBR & Co also issued estimates for Viacom’s Q4 2016 earnings at $0.65 EPS, Q1 2017 earnings at $1.23 EPS, Q3 2017 earnings at $1.10 EPS, Q4 2017 earnings at $0.90 EPS, FY2017 earnings at $4.22 EPS, FY2018 earnings at $4.46 EPS and FY2019 earnings at $4.99 EPS.
Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.04. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.47 EPS.
Several other brokerages also recently commented on VIAB. Pivotal Research restated a “buy” rating and issued a $52.00 price target on shares of Viacom in a research report on Sunday, July 24th. Zacks Investment Research downgraded shares of Viacom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 13th. Atlantic Securities upgraded shares of Viacom from an “underweight” rating to a “neutral” rating in a research report on Friday, July 22nd. Wells Fargo & Co. downgraded shares of Viacom from a “market perform” rating to an “underperform” rating and upped their price target for the company from $38.00 to $40.00 in a research report on Monday, July 11th. Finally, Wunderlich restated a “buy” rating on shares of Viacom in a research report on Sunday, July 10th. Three investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $43.81.
Viacom (NASDAQ:VIAB) opened at 36.00 on Monday. The firm has a 50-day moving average of $37.56 and a 200-day moving average of $41.03. The firm has a market cap of $14.28 billion, a price-to-earnings ratio of 6.93 and a beta of 1.33. Viacom has a one year low of $30.11 and a one year high of $53.35.
Several institutional investors have recently added to or reduced their stakes in VIAB. Pinkerton Retirement Specialists LLC acquired a new position in Viacom during the second quarter worth approximately $131,000. First Mercantile Trust Co. acquired a new position in Viacom during the second quarter worth approximately $135,000. Hussman Strategic Advisors Inc. acquired a new position in Viacom during the second quarter worth approximately $137,000. Smithfield Trust Co. acquired a new position in Viacom during the second quarter worth approximately $141,000. Finally, Mizuho Asset Management Co. Ltd. increased its position in Viacom by 90.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,738 shares of the company’s stock worth $196,000 after buying an additional 2,247 shares during the last quarter. 76.12% of the stock is owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Thursday, September 22nd. Viacom’s payout ratio is 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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