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.

VIAB has been the subject of several other research reports. Wells Fargo & Co restated a “hold” rating on shares of Viacom in a research note on Monday, January 29th. BidaskClub upgraded Viacom from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Rosenblatt Securities downgraded Viacom from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 16th. Barclays set a $33.00 target price on Viacom and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research downgraded Viacom from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $35.31.

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.

Earnings History and Estimates for Viacom (NASDAQ:VIAB)

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