Barrington Research Research Analysts Reduce Earnings Estimates for Viacom Inc. (VIAB)
Viacom Inc. (NASDAQ:VIAB) – Stock analysts at Barrington Research lowered their Q2 2017 earnings estimates for Viacom in a report issued on Tuesday. Barrington Research analyst J. Goss now anticipates that the firm will post earnings per share of $0.71 for the quarter, down from their prior forecast of $0.86. Barrington Research also issued estimates for Viacom’s Q3 2017 earnings at $1.08 EPS, FY2017 earnings at $3.75 EPS and FY2019 earnings at $4.50 EPS.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.69 EPS for the quarter, topping 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 firm’s revenue was down 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.54 earnings per share.
VIAB has been the subject of several other reports. Brean Capital reissued a “hold” rating on shares of Viacom in a research note on Thursday, September 8th. Vetr raised Viacom from a “sell” rating to a “hold” rating and set a $42.50 price objective for the company in a research note on Tuesday, August 2nd. Telsey Advisory Group reduced their price objective on Viacom from $47.00 to $42.00 and set a “market perform” rating for the company in a research note on Thursday, November 10th. Jefferies Group reissued a “buy” rating on shares of Viacom in a research note on Thursday, August 11th. Finally, Wedbush decreased their target price on Viacom from $44.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, September 27th. Two analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $43.18.
Shares of Viacom (NASDAQ:VIAB) opened at 38.61 on Wednesday. Viacom has a 52 week low of $30.11 and a 52 week high of $52.88. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of 10.68 and a beta of 1.32. The firm’s 50-day moving average price is $37.18 and its 200 day moving average price is $40.57.
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 given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Tuesday, December 13th. Viacom’s payout ratio is 22.10%.
Several hedge funds have recently modified their holdings of VIAB. Price T Rowe Associates Inc. MD boosted its stake in shares of Viacom by 23.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 7,135,807 shares of the company’s stock valued at $271,874,000 after buying an additional 1,355,312 shares during the last quarter. Water Island Capital LLC boosted its stake in shares of 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 boosted its stake in shares of 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. boosted its stake in shares of 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. Finally, Pioneer Investment Management Inc. boosted its stake in shares of 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. Institutional investors 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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