Viacom Inc. (NASDAQ:VIAB) – Equities research analysts at FBR & Co cut their FY2016 earnings per share estimates for shares of Viacom in a report released on Wednesday. FBR & Co analyst B. Crockett now anticipates that the firm will earn $3.66 per share for the year, down from their prior forecast of $3.94. FBR & Co has a “Buy” rating on the stock. FBR & Co also issued estimates for Viacom’s Q1 2017 earnings at $1.21 EPS, Q4 2017 earnings at $0.92 EPS, FY2017 earnings at $4.23 EPS, FY2018 earnings at $4.48 EPS and FY2020 earnings at $4.64 EPS.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.04. The business earned $3.11 billion during the quarter, compared to the consensus estimate of $3.01 billion. Viacom had a return on equity of 46.74% and a net margin of 15.85%. Viacom’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 earnings per share.
A number of other research firms have also weighed in on VIAB. Pivotal Research reiterated a “buy” rating and issued a $52.00 price objective on shares of Viacom in a research note on Sunday, July 24th. Zacks Investment Research lowered shares of Viacom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 13th. Atlantic Securities upgraded shares of Viacom from an “underweight” rating to a “neutral” rating in a research note on Friday, July 22nd. Wunderlich restated a “buy” rating on shares of Viacom in a research report on Sunday, July 10th. Finally, Wells Fargo & Co. lowered shares of Viacom from a “market perform” rating to an “underperform” rating and boosted their price target for the company from $38.00 to $40.00 in a research report on Monday, July 11th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $44.59.
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Viacom (NASDAQ:VIAB) traded down 0.19% during mid-day trading on Thursday, reaching $35.98. The company had a trading volume of 1,562,563 shares. Viacom has a 12-month low of $30.11 and a 12-month high of $53.35. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 6.93 and a beta of 1.43. The firm has a 50-day moving average price of $40.60 and a 200 day moving average price of $41.47.
Hedge funds and other institutional investors have recently modified their holdings of the company. Boston Private Wealth LLC increased its position in shares of Viacom by 0.3% in the second quarter. Boston Private Wealth LLC now owns 6,085 shares of the company’s stock valued at $252,000 after buying an additional 16 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Viacom by 0.3% in the second quarter. Baird Financial Group Inc. now owns 27,760 shares of the company’s stock valued at $1,166,000 after buying an additional 86 shares in the last quarter. Conning Inc. increased its position in shares of Viacom by 0.9% in the second quarter. Conning Inc. now owns 12,147 shares of the company’s stock valued at $504,000 after buying an additional 110 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Viacom by 1.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the company’s stock valued at $295,000 after buying an additional 114 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Viacom by 1.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 8,752 shares of the company’s stock valued at $327,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Thursday, September 22nd. Viacom’s dividend payout ratio (DPR) is presently 30.83%.
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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