Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Viacom (VIA) Share Price
Media stories about Viacom (NASDAQ:VIA) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Viacom earned a news impact score of 0.20 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.7892859118609 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- 'The Hitman's Bodyguard' outdoes 'Logan Lucky' at box office (finance.yahoo.com)
- Arizona State Retirement System Cuts Stake in Viacom Inc. (VIAB) (techkenyot.com)
- Financial Partners Capital Management Llc Buys SPDR S&P 500, Viacom Inc, VanEck Vectors Oil … (nasdaq.com)
- Why Are Viacom’s Share Classes Trading So Far Apart? (finance.yahoo.com)
Shares of Viacom (NASDAQ:VIA) traded down 8.49% on Friday, hitting $38.80. 162,357 shares of the company were exchanged. The firm has a market cap of $15.60 billion, a P/E ratio of 10.68 and a beta of 1.46. Viacom has a 52-week low of $36.25 and a 52-week high of $49.23. The company has a 50-day moving average price of $39.67 and a 200 day moving average price of $42.21.
Viacom (NASDAQ:VIA) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.12. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The company had revenue of $3.36 billion during the quarter. Analysts predict that Viacom will post $3.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, September 14th. Viacom’s payout ratio is currently 21.98%.
VIA has been the topic of a number of analyst reports. UBS AG reaffirmed a “buy” rating and set a $45.00 target price (down from $50.00) on shares of Viacom in a research note on Wednesday, August 9th. Barrington Research reaffirmed an “outperform” rating on shares of Viacom in a research note on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $43.50.
TRADEMARK VIOLATION NOTICE: This piece was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/08/21/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-viacom-via-share-price.html.
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
Receive News & Stock Ratings for Viacom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. and related stocks with our FREE daily email newsletter.