Viacom Inc. (NASDAQ:VIAB) – Equities researchers at Credit Agricole SA issued their FY2019 earnings per share estimates for shares of Viacom in a research note issued to investors on Thursday. Credit Agricole SA analyst V. Karasyov anticipates that the brokerage will post earnings per share of $4.30 for the year.

Several other brokerages have also recently issued reports on VIAB. Wells Fargo & Co. raised Viacom from an “underperform” rating to a “market perform” rating in a report on Thursday, October 13th. Jefferies Group reaffirmed a “buy” rating and set a $49.00 price objective on shares of Viacom in a report on Tuesday, September 20th. Pivotal Research cut Viacom from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $52.00 to $47.00 in a report on Thursday, August 4th. FBR & Co reaffirmed an “outperform” rating and set a $57.00 price objective on shares of Viacom in a report on Tuesday, August 23rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $40.00 price objective on shares of Viacom in a report on Tuesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $43.59.

Earnings History and Estimates for Viacom (NASDAQ:VIAB)

Shares of Viacom (NASDAQ:VIAB) opened at 38.42 on Friday. Viacom has a 52 week low of $30.11 and a 52 week high of $53.35. The company has a 50-day moving average price of $36.84 and a 200-day moving average price of $40.68. The stock has a market cap of $15.25 billion, a price-to-earnings ratio of 10.63 and a beta of 1.32.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. Viacom had a return on equity of 36.21% and a net margin of 11.52%. The company earned $3.23 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the firm posted $1.54 earnings per share. The firm’s revenue was down 14.8% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 15th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.08%. The ex-dividend date is Tuesday, December 13th. Viacom’s dividend payout ratio (DPR) is 22.10%.

A number of hedge funds have recently bought and sold shares of the company. Allstate Corp acquired a new stake in shares of Viacom during the second quarter valued at approximately $4,407,000. Royal Bank of Canada raised its stake in shares of Viacom by 104.1% in the first quarter. Royal Bank of Canada now owns 1,074,641 shares of the company’s stock valued at $44,362,000 after buying an additional 548,080 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Viacom by 0.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 962,657 shares of the company’s stock valued at $39,921,000 after buying an additional 4,564 shares during the last quarter. PGGM Investments raised its stake in shares of Viacom by 336.8% in the second quarter. PGGM Investments now owns 1,004,717 shares of the company’s stock valued at $41,666,000 after buying an additional 774,693 shares during the last quarter. Finally, 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 valued at $64,209,000 after buying an additional 42,350 shares during the last quarter. 76.11% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:VIAB

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