Viacom Inc. (VIAB) Earns Buy Rating from FBR & Co
Viacom Inc. (NASDAQ:VIAB)‘s stock had its “buy” rating reaffirmed by research analysts at FBR & Co in a report issued on Thursday.
Several other equities research analysts also recently issued reports on VIAB. Vetr downgraded Viacom from a “sell” rating to a “strong sell” rating and set a $39.00 price target for the company. in a report on Monday, May 30th. Royal Bank Of Canada reissued a “sell” rating on shares of Viacom in a report on Tuesday, May 31st. Jefferies Group reissued a “buy” rating on shares of Viacom in a report on Friday, June 10th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Viacom in a report on Friday, June 10th. Finally, Zacks Investment Research downgraded Viacom from a “hold” rating to a “sell” rating in a report on Monday, June 13th. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.59.
Shares of Viacom (NASDAQ:VIAB) traded down 0.19% on Thursday, reaching $35.98. 1,167,355 shares of the company traded hands. The firm’s 50 day moving average is $40.60 and its 200 day moving average is $41.47. Viacom has a one year low of $30.11 and a one year high of $53.35. The company has a market capitalization of $14.27 billion, a P/E ratio of 6.93 and a beta of 1.43.
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Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. Viacom had a return on equity of 46.74% and a net margin of 15.85%. The business earned $3.11 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the firm posted $1.47 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Viacom will post $3.91 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.22%. Viacom’s dividend payout ratio is 30.83%.
Several large investors have recently added to or reduced their stakes in the stock. Pinkerton Retirement Specialists LLC purchased a new stake in Viacom during the second quarter valued at approximately $131,000. First Mercantile Trust Co. purchased a new stake in Viacom during the second quarter valued at approximately $135,000. Hussman Strategic Advisors Inc. purchased a new stake in Viacom during the second quarter valued at approximately $137,000. Smithfield Trust Co. purchased a new stake in Viacom during the second quarter valued at approximately $141,000. Finally, IFP Advisors Inc increased its stake in Viacom by 7.1% in the first quarter. IFP Advisors Inc now owns 3,964 shares of the company’s stock valued at $164,000 after buying an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.
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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