Viacom, Inc. to Post FY2018 Earnings of $4.00 Per Share, Barrington Research Forecasts (VIAB)
Viacom, Inc. (NASDAQ:VIAB) – Research analysts at Barrington Research upped their FY2018 earnings per share (EPS) estimates for Viacom in a research note issued to investors on Monday. Barrington Research analyst J. Goss now expects that the company will earn $4.00 per share for the year, up from their prior forecast of $3.80. Barrington Research currently has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Viacom’s Q3 2019 earnings at $1.25 EPS and FY2020 earnings at $5.00 EPS.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.09. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.14 billion. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 EPS.
Viacom (NASDAQ VIAB) traded up $0.22 during mid-day trading on Wednesday, hitting $33.10. The stock had a trading volume of 4,152,100 shares, compared to its average volume of 5,669,444. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.41 and a quick ratio of 1.14. The company has a market cap of $13,226.21, a P/E ratio of 6.62, a price-to-earnings-growth ratio of 1.18 and a beta of 1.54. Viacom has a 12 month low of $22.13 and a 12 month high of $46.72.
Several large investors have recently added to or reduced their stakes in the business. Sentry Investment Management LLC raised its holdings in shares of Viacom by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 26,322 shares of the company’s stock valued at $884,000 after buying an additional 290 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of Viacom by 3.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,422 shares of the company’s stock valued at $450,000 after buying an additional 450 shares in the last quarter. Financial Engines Advisors L.L.C. raised its holdings in shares of Viacom by 8.7% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 20,702 shares of the company’s stock valued at $638,000 after buying an additional 1,657 shares in the last quarter. Standard Life Aberdeen plc raised its holdings in shares of Viacom by 1.5% during the 4th quarter. Standard Life Aberdeen plc now owns 117,055 shares of the company’s stock valued at $3,607,000 after buying an additional 1,749 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Viacom by 2.2% during the 4th quarter. Arizona State Retirement System now owns 89,394 shares of the company’s stock valued at $2,754,000 after buying an additional 1,911 shares in the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.
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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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