Viacom Inc. (NASDAQ:VIAB) – Equities research analysts at FBR & Co reduced their FY2016 EPS estimates for shares of Viacom in a research report issued on Friday. FBR & Co analyst B. Crockett now anticipates that the brokerage will post earnings of $3.64 per share for the year, down from their prior estimate of $3.66. FBR & Co has a “Buy” rating on the stock. FBR & Co also issued estimates for Viacom’s Q4 2016 earnings at $0.65 EPS, Q1 2017 earnings at $1.23 EPS, Q3 2017 earnings at $1.10 EPS, Q4 2017 earnings at $0.90 EPS, FY2017 earnings at $4.22 EPS, FY2018 earnings at $4.46 EPS and FY2019 earnings at $4.99 EPS.
Several other research analysts also recently commented on the company. Wedbush raised Viacom from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $40.00 to $46.00 in a report on Monday. Bank of America Corp. raised Viacom from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $44.00 in a report on Thursday, October 13th. Wells Fargo & Co. raised Viacom from an “underperform” rating to a “market perform” rating in a research report on Thursday, October 13th. Credit Suisse Group AG reissued an “outperform” rating and issued a $42.00 price objective on shares of Viacom in a research report on Wednesday, October 5th. Finally, Loop Capital reissued a “hold” rating and issued a $39.00 price objective (down from $41.00) on shares of Viacom in a research report on Friday, September 30th. Three investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $43.99.
Viacom (NASDAQ:VIAB) opened at 36.14 on Monday. Viacom has a 12 month low of $30.11 and a 12 month high of $53.35. The firm has a market capitalization of $14.34 billion, a PE ratio of 6.96 and a beta of 1.33. The company’s 50-day moving average price is $37.27 and its 200 day moving average price is $40.96.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, August 4th. The company reported $1.05 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 firm earned $3.11 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the prior year, the firm posted $1.47 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIAB. First New York Securities LLC NY boosted its position in Viacom by 440.0% in the third quarter. First New York Securities LLC NY now owns 2,700 shares of the company’s stock valued at $103,000 after buying an additional 2,200 shares during the last quarter. Pinkerton Retirement Specialists LLC purchased a new position in Viacom during the second quarter valued at $131,000. First Mercantile Trust Co. purchased a new position in Viacom during the second quarter valued at $135,000. Hussman Strategic Advisors Inc. purchased a new position in Viacom during the second quarter valued at $137,000. Finally, Smithfield Trust Co. purchased a new position in Viacom during the second quarter valued at $141,000. 76.17% of the stock is currently owned by hedge funds and other institutional investors.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 22nd were given a dividend of $0.20 per share. The ex-dividend date was Thursday, September 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.21%. Viacom’s dividend payout ratio is currently 15.41%.
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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