FY2018 EPS Estimates for Viacom Inc. (VIAB) Cut by Analyst
Viacom Inc. (NASDAQ:VIAB) – Analysts at Gabelli reduced their FY2018 EPS estimates for Viacom in a note issued to investors on Thursday. Gabelli analyst B. Harriss now anticipates that the firm will post earnings of $4.60 per share for the year, down from their previous estimate of $5.05. Gabelli also issued estimates for Viacom’s FY2019 earnings at $4.75 EPS.
Several other research firms also recently commented on VIAB. Pivotal Research reiterated a “buy” rating and set a $52.00 price objective on shares of Viacom in a research note on Sunday, July 24th. FBR & Co lowered their price objective on shares of Viacom from $67.00 to $59.00 and set an “outperform” rating for the company in a research note on Tuesday, July 26th. Atlantic Securities upgraded shares of Viacom from an “underweight” rating to a “neutral” rating in a research report on Friday, July 22nd. 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. Finally, BMO Capital Markets restated a “hold” rating and set a $40.00 target price on shares of Viacom in a research report on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and twelve have given a buy rating to the company’s stock. Viacom has an average rating of “Hold” and a consensus price target of $43.59.
Viacom (NASDAQ:VIAB) opened at 38.42 on Friday. The company has a market cap of $15.25 billion, a P/E ratio of 10.63 and a beta of 1.32. The firm’s 50 day moving average is $36.84 and its 200 day moving average is $40.68. Viacom has a 12-month low of $30.11 and a 12-month high of $53.35.
Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.65 by $0.04. Viacom had a net margin of 11.52% and a return on equity of 36.21%. The business earned $3.23 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the firm earned $1.54 EPS. The business’s revenue was down 14.8% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.08%. Viacom’s dividend payout ratio (DPR) is presently 22.10%.
Large investors have recently added to or reduced their stakes in the company. Capital World Investors increased its stake in shares of Viacom by 19.3% in the second quarter. Capital World Investors now owns 16,729,443 shares of the company’s stock worth $693,770,000 after buying an additional 2,710,443 shares in the last quarter. BlackRock Fund Advisors increased its stake 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 in the last quarter. Capital Research Global Investors increased its stake in shares of Viacom by 2.7% in the second quarter. Capital Research Global Investors now owns 42,454,768 shares of the company’s stock worth $1,760,599,000 after buying an additional 1,118,815 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Viacom by 4.9% in the second quarter. Vanguard Group Inc. now owns 21,469,806 shares of the company’s stock worth $890,352,000 after buying an additional 1,007,008 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Viacom by 1,241.1% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,061,586 shares of the company’s stock worth $40,446,000 after buying an additional 982,426 shares in the last quarter. Institutional investors own 76.11% of the company’s stock.
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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