FY2017 EPS Estimates for Viacom Inc. (VIAB) Cut by Analyst
Viacom Inc. (NASDAQ:VIAB) – Analysts at Gabelli dropped their FY2017 earnings estimates for shares of Viacom in a report issued on Thursday. Gabelli analyst B. Harriss now expects that the brokerage will post earnings per share of $4.20 for the year, down from their previous forecast of $4.95. Gabelli also issued estimates for Viacom’s FY2020 earnings at $4.90 EPS.
Several other brokerages have also issued reports on VIAB. Pivotal Research reaffirmed a “buy” rating and set a $52.00 target price on shares of Viacom in a research report on Sunday, July 24th. FBR & Co reduced their target price on Viacom from $67.00 to $59.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 26th. Atlantic Securities raised Viacom from an “underweight” rating to a “neutral” rating in a research report on Friday, July 22nd. Vetr lowered Viacom from a “buy” rating to a “hold” rating and set a $44.78 target price on the stock. in a research report on Wednesday, August 17th. Finally, Deutsche Bank AG reduced their target price on Viacom from $39.00 to $35.00 and set a “hold” rating on the stock in a research report on Monday, August 8th. Two equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $43.18.
Viacom (NASDAQ:VIAB) opened at 38.62 on Monday. Viacom has a 1-year low of $30.11 and a 1-year high of $53.35. The company has a market cap of $15.32 billion, a P/E ratio of 10.68 and a beta of 1.32. The stock has a 50 day moving average price of $37.04 and a 200 day moving average price of $40.60.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.65 by $0.04. Viacom had a return on equity of 36.21% and a net margin of 11.52%. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter last year, the company earned $1.54 earnings per share. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.07%. Viacom’s dividend payout ratio is currently 22.10%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIAB. Allstate Corp bought a new position in Viacom during the second quarter worth about $4,407,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in Viacom by 0.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 962,657 shares of the company’s stock worth $39,921,000 after buying an additional 4,564 shares during the period. Royal Bank of Canada raised its position in Viacom by 104.1% in the first quarter. Royal Bank of Canada now owns 1,074,641 shares of the company’s stock worth $44,362,000 after buying an additional 548,080 shares during the period. PGGM Investments raised its position in Viacom by 336.8% in the second quarter. PGGM Investments now owns 1,004,717 shares of the company’s stock worth $41,666,000 after buying an additional 774,693 shares during the period. Finally, Legal & General Group Plc raised its position in 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 during the period. Institutional investors and hedge funds own 75.03% 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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