Q2 2018 EPS Estimates for Viacom, Inc. (VIAB) Increased by Barrington Research
Viacom, Inc. (NASDAQ:VIAB) – Research analysts at Barrington Research upped their Q2 2018 earnings per share estimates for shares of Viacom in a research note issued to investors on Monday. Barrington Research analyst J. Goss now forecasts that the company will post earnings of $0.81 per share for the quarter, up from their prior estimate of $0.78. Barrington Research currently has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Viacom’s Q3 2018 earnings at $1.16 EPS, Q4 2018 earnings at $1.01 EPS, Q1 2019 earnings at $1.07 EPS, Q2 2019 earnings at $0.88 EPS, Q4 2019 earnings at $1.15 EPS and FY2019 earnings at $4.35 EPS.
VIAB has been the subject of a number of other research reports. Wells Fargo & Co reaffirmed a “market perform” rating and set a $32.00 price target (up previously from $25.00) on shares of Viacom in a research report on Thursday, January 4th. Zacks Investment Research lowered Viacom from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. Credit Suisse Group set a $38.00 target price on Viacom and gave the stock a “buy” rating in a report on Wednesday, November 1st. Deutsche Bank reduced their target price on Viacom to $25.00 and set a “sell” rating on the stock in a report on Monday, October 23rd. Finally, UBS Group reduced their target price on Viacom from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, November 17th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the stock. Viacom currently has a consensus rating of “Hold” and an average price target of $35.31.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.14 billion. Viacom had a return on equity of 26.28% and a net margin of 15.49%. Viacom’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 EPS.
Several institutional investors have recently bought and sold shares of the stock. Sentry Investment Management LLC grew its stake in shares of Viacom by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 26,322 shares of the company’s stock worth $884,000 after buying an additional 290 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Viacom by 3.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 13,422 shares of the company’s stock worth $450,000 after buying an additional 450 shares during the last quarter. Financial Engines Advisors L.L.C. grew its stake in shares of Viacom by 8.7% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 20,702 shares of the company’s stock worth $638,000 after buying an additional 1,657 shares during the last quarter. Standard Life Aberdeen plc grew its stake in shares of Viacom by 1.5% in the 4th quarter. Standard Life Aberdeen plc now owns 117,055 shares of the company’s stock worth $3,607,000 after buying an additional 1,749 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Viacom by 2.2% in the 4th quarter. Arizona State Retirement System now owns 89,394 shares of the company’s stock worth $2,754,000 after buying an additional 1,911 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.
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Viacom Company Profile
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.
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