Jefferies Group Weighs in on Viacom Inc.’s Q1 2017 Earnings (VIAB)
Viacom Inc. (NASDAQ:VIAB) – Stock analysts at Jefferies Group lowered their Q1 2017 EPS estimates for shares of Viacom in a report issued on Wednesday. Jefferies Group analyst J. Janedis now expects that the brokerage will post earnings of $0.81 per share for the quarter, down from their prior estimate of $1.04. Jefferies Group currently has a “Buy” rating and a $49.00 target price on the stock. Jefferies Group also issued estimates for Viacom’s Q3 2017 earnings at $1.04 EPS, Q4 2017 earnings at $1.00 EPS, FY2017 earnings at $3.58 EPS, Q1 2018 earnings at $0.81 EPS, Q2 2018 earnings at $0.72 EPS, Q3 2018 earnings at $1.04 EPS, Q4 2018 earnings at $1.00 EPS, FY2018 earnings at $3.68 EPS and FY2019 earnings at $3.73 EPS.
A number of other brokerages 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 report on Sunday, July 24th. FBR & Co cut their price objective on Viacom from $67.00 to $59.00 and set an “outperform” rating for the company in a research report on Tuesday, July 26th. Atlantic Securities upgraded Viacom from an “underweight” rating to a “neutral” rating in a research report on Friday, July 22nd. Vetr downgraded Viacom from a “buy” rating to a “hold” rating and set a $44.78 price objective for the company. in a research report on Wednesday, August 17th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $40.00 price objective on shares of Viacom in a research report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $43.59.
Viacom (NASDAQ:VIAB) last posted its earnings results on Wednesday, November 9th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.04. The company earned $3.23 billion during the quarter, compared to analyst estimates of $3.31 billion. Viacom had a return on equity of 36.21% and a net margin of 11.52%. The business’s revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Tuesday, December 13th. Viacom’s dividend payout ratio (DPR) is currently 22.10%.
Several hedge funds have recently modified their holdings of the stock. AMP Capital Investors Ltd raised its stake in shares of Viacom by 33.3% in the first quarter. AMP Capital Investors Ltd now owns 289,637 shares of the company’s stock worth $11,618,000 after buying an additional 72,328 shares in the last quarter. National Pension Service raised its stake in shares of Viacom by 4.8% in the first quarter. National Pension Service now owns 210,242 shares of the company’s stock worth $8,679,000 after buying an additional 9,681 shares in the last quarter. Zurich Insurance Group Ltd FI raised its stake in shares of Viacom by 63.2% in the first quarter. Zurich Insurance Group Ltd FI now owns 61,280 shares of the company’s stock worth $2,530,000 after buying an additional 23,730 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Viacom by 2.8% in the first quarter. Legal & General Group Plc now owns 1,555,673 shares of the company’s stock worth $64,209,000 after buying an additional 42,350 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Viacom by 5.3% in the first quarter. Envestnet Asset Management Inc. now owns 33,786 shares of the company’s stock worth $1,395,000 after buying an additional 1,691 shares in the last quarter. 76.11% of the stock is owned by institutional investors and hedge funds.
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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