Viacom Inc. (NASDAQ:VIAB) – Research analysts at FBR & Co decreased their Q1 2017 earnings estimates for shares of Viacom in a research report issued on Tuesday. FBR & Co analyst B. Crockett now anticipates that the brokerage will earn $0.83 per share for the quarter, down from their previous forecast of $1.23. FBR & Co has a “Mkt Perform” rating and a $44.00 price objective on the stock. FBR & Co also issued estimates for Viacom’s Q2 2017 earnings at $0.72 EPS, Q4 2017 earnings at $1.07 EPS, FY2017 earnings at $3.62 EPS, FY2019 earnings at $4.44 EPS and FY2020 earnings at $4.85 EPS.

Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Wednesday, November 9th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Viacom had a net margin of 11.52% and a return on equity of 36.21%. The firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.54 earnings per share.

Earnings History and Estimates for Viacom (NASDAQ:VIAB)

Several other research analysts have also issued reports on the stock. Jefferies Group reiterated a “buy” rating and issued a $49.00 price target on shares of Viacom in a research note on Tuesday, September 20th. Brean Capital raised shares of Viacom from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Tuesday, September 13th. Pivotal Research reissued a “buy” rating and set a $52.00 price objective on shares of Viacom in a research report on Sunday, July 24th. Vetr downgraded shares of Viacom from a “buy” rating to a “hold” rating and set a $44.78 price objective on the stock. in a research report on Wednesday, August 17th. Finally, Wunderlich cut their price objective on shares of Viacom from $65.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, October 21st. Two equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $43.18.

Shares of Viacom (NASDAQ:VIAB) traded up 0.23% during mid-day trading on Thursday, reaching $38.67. 926,699 shares of the company’s stock traded hands. The stock has a market cap of $13433.22 billion, a price-to-earnings ratio of 10.68 and a beta of 1.32. Viacom has a 12-month low of $30.11 and a 12-month high of $53.35. The firm’s 50 day moving average price is $37.13 and its 200-day moving average price is $40.58.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, December 13th. Viacom’s payout ratio is 22.10%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Water Island Capital LLC raised its position in Viacom by 10,303.3% in the third quarter. Water Island Capital LLC now owns 59,819 shares of the company’s stock valued at $2,279,000 after buying an additional 59,244 shares during the last quarter. Credit Suisse AG raised its position in Viacom by 73.3% in the third quarter. Credit Suisse AG now owns 1,216,830 shares of the company’s stock valued at $46,362,000 after buying an additional 514,491 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Viacom by 12.3% in the third quarter. Ameritas Investment Partners Inc. now owns 14,718 shares of the company’s stock valued at $560,000 after buying an additional 1,612 shares during the last quarter. Pioneer Investment Management Inc. raised its position in Viacom by 532.5% in the third quarter. Pioneer Investment Management Inc. now owns 255,335 shares of the company’s stock valued at $9,728,000 after buying an additional 214,965 shares during the last quarter. Finally, Dai Ichi Life Holdings Inc. raised its position in Viacom by 134.0% in the third quarter. Dai Ichi Life Holdings Inc. now owns 98,230 shares of the company’s stock valued at $3,743,000 after buying an additional 56,253 shares during the last quarter. 75.03% of the stock is owned by 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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