Zacks: Brokerages Expect Viacom, Inc. Class B (VIAB) Will Announce Earnings of $1.02 Per Share

Brokerages expect Viacom, Inc. Class B (NASDAQ:VIAB) to report $1.02 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Viacom, Inc. Class B’s earnings. The highest EPS estimate is $1.12 and the lowest is $0.94. Viacom, Inc. Class B posted earnings of $0.77 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 32.5%. The firm is scheduled to issue its next earnings report on Thursday, November 15th.

On average, analysts expect that Viacom, Inc. Class B will report full-year earnings of $4.08 per share for the current financial year, with EPS estimates ranging from $4.04 to $4.20. For the next year, analysts expect that the business will post earnings of $4.39 per share, with EPS estimates ranging from $4.09 to $4.55. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Viacom, Inc. Class B.

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

Several equities research analysts recently commented on VIAB shares. BidaskClub lowered shares of Viacom, Inc. Class B from a “sell” rating to a “strong sell” rating in a research report on Friday, July 20th. ValuEngine upgraded shares of Viacom, Inc. Class B from a “strong sell” rating to a “sell” rating in a research report on Friday, May 11th. Pivotal Research upgraded shares of Viacom, Inc. Class B from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $34.00 to $32.00 in a research report on Tuesday, July 31st. They noted that the move was a valuation call. Cfra reiterated a “hold” rating and issued a $35.00 price objective on shares of Viacom, Inc. Class B in a research report on Wednesday, June 27th. Finally, Imperial Capital started coverage on shares of Viacom, Inc. Class B in a research report on Thursday, June 28th. They issued an “underperform” rating and a $26.00 price objective on the stock. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $33.82.

A number of large investors have recently added to or reduced their stakes in the business. Commerzbank Aktiengesellschaft FI lifted its holdings in Viacom, Inc. Class B by 21.9% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 98,708 shares of the company’s stock valued at $2,977,000 after purchasing an additional 17,702 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in Viacom, Inc. Class B by 7.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,205,793 shares of the company’s stock valued at $36,367,000 after purchasing an additional 81,320 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in Viacom, Inc. Class B by 420.7% in the 2nd quarter. Federated Investors Inc. PA now owns 784,509 shares of the company’s stock valued at $23,661,000 after purchasing an additional 633,853 shares in the last quarter. Ariel Investments LLC lifted its holdings in Viacom, Inc. Class B by 3.2% in the 2nd quarter. Ariel Investments LLC now owns 3,535,519 shares of the company’s stock valued at $106,631,000 after purchasing an additional 109,251 shares in the last quarter. Finally, Globeflex Capital L P purchased a new position in Viacom, Inc. Class B in the 2nd quarter valued at about $368,000. Institutional investors own 78.39% of the company’s stock.

Shares of Viacom, Inc. Class B remained flat at $$30.34 on Friday, MarketBeat.com reports. 2,271,224 shares of the company traded hands, compared to its average volume of 2,963,571. Viacom, Inc. Class B has a 1-year low of $22.13 and a 1-year high of $35.55. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 1.42. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.89 and a beta of 1.39.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Monday, September 17th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.64%. Viacom, Inc. Class B’s dividend payout ratio (DPR) is 21.22%.

Viacom, Inc. Class B 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, Inc. Class B (NASDAQ:VIAB)

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