Viacom, Inc. (VIAB) Expected to Post Earnings of $0.95 Per Share

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Wall Street analysts expect Viacom, Inc. (NASDAQ:VIAB) to report earnings of $0.95 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Viacom’s earnings, with estimates ranging from $0.91 to $0.98. Viacom posted earnings of $0.77 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 23.4%. The company is scheduled to announce its next earnings report before the market opens on Friday, November 16th.

According to Zacks, analysts expect that Viacom will report full year earnings of $4.10 per share for the current fiscal year, with EPS estimates ranging from $4.03 to $4.20. For the next financial year, analysts forecast that the company will post earnings of $4.43 per share, with EPS estimates ranging from $4.15 to $4.70. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Viacom.

Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, August 9th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.11. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.27 billion. Viacom had a return on equity of 23.53% and a net margin of 15.65%. The company’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS.

A number of equities analysts have issued reports on the company. TheStreet upgraded Viacom from a “c+” rating to a “b-” rating in a report on Friday, August 31st. Cfra reiterated a “hold” rating and set a $35.00 target price on shares of Viacom in a report on Wednesday, June 27th. BidaskClub upgraded Viacom from a “hold” rating to a “buy” rating in a report on Friday. Imperial Capital started coverage on Viacom in a report on Thursday, June 28th. They issued an “underperform” rating and a $26.00 price objective for the company. Finally, ValuEngine upgraded Viacom from a “sell” rating to a “hold” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have given a buy rating to the stock. Viacom presently has a consensus rating of “Hold” and a consensus target price of $34.70.

A number of institutional investors have recently bought and sold shares of the stock. Strs Ohio grew its holdings in Viacom by 2.7% during the third quarter. Strs Ohio now owns 437,642 shares of the company’s stock worth $14,774,000 after purchasing an additional 11,590 shares during the period. Alpha Windward LLC bought a new position in Viacom during the third quarter worth about $585,000. Empowered Funds LLC bought a new position in Viacom during the third quarter worth about $3,686,000. Empirical Finance LLC bought a new position in Viacom during the third quarter worth about $1,773,000. Finally, Seven Eight Capital LP bought a new position in Viacom during the third quarter worth about $7,589,000. Institutional investors and hedge funds own 79.00% of the company’s stock.

VIAB stock opened at $33.23 on Friday. The stock has a market cap of $13.46 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 1.16 and a beta of 1.49. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.69 and a quick ratio of 1.41. Viacom has a 1 year low of $22.13 and a 1 year high of $35.55.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 17th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Friday, September 14th. Viacom’s payout ratio is 21.22%.

Viacom Company Profile

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

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Earnings History and Estimates for Viacom (NASDAQ:VIAB)

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