Wall Street brokerages predict that Viacom, Inc. (NASDAQ:VIAB) will announce $1.09 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Viacom’s earnings. The highest EPS estimate is $1.17 and the lowest is $1.05. Viacom reported earnings of $1.18 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.6%. The firm is expected to announce its next quarterly earnings report on Thursday, August 8th.
According to Zacks, analysts expect that Viacom will report full year earnings of $4.08 per share for the current financial year, with EPS estimates ranging from $3.84 to $4.25. For the next year, analysts anticipate that the firm will post earnings of $4.38 per share, with EPS estimates ranging from $4.05 to $4.65. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Viacom.
Viacom (NASDAQ:VIAB) last announced its earnings results on Friday, May 10th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.15. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Viacom had a net margin of 12.63% and a return on equity of 22.60%. Viacom’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 earnings per share.
Several research firms recently weighed in on VIAB. Barrington Research reaffirmed a “buy” rating and set a $35.00 price objective on shares of Viacom in a research report on Tuesday, February 5th. BidaskClub raised shares of Viacom from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 6th. ValuEngine raised shares of Viacom from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. TheStreet raised shares of Viacom from a “c+” rating to a “b-” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada raised shares of Viacom from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $31.00 to $36.00 in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $34.47.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Securian Asset Management Inc increased its stake in shares of Viacom by 1.1% in the first quarter. Securian Asset Management Inc now owns 36,056 shares of the company’s stock valued at $1,012,000 after buying an additional 395 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Viacom by 1.4% in the first quarter. Advisors Asset Management Inc. now owns 29,345 shares of the company’s stock valued at $824,000 after buying an additional 407 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Viacom by 2.1% in the first quarter. Crossmark Global Holdings Inc. now owns 20,797 shares of the company’s stock valued at $584,000 after buying an additional 430 shares during the period. Valley National Advisers Inc. increased its stake in shares of Viacom by 66.4% in the fourth quarter. Valley National Advisers Inc. now owns 1,118 shares of the company’s stock valued at $29,000 after buying an additional 446 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in shares of Viacom by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 53,737 shares of the company’s stock valued at $1,508,000 after buying an additional 472 shares during the period. 81.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Viacom stock traded up $0.07 during trading on Thursday, reaching $28.54. The company’s stock had a trading volume of 3,662,307 shares, compared to its average volume of 4,562,567. The stock has a market cap of $11.45 billion, a PE ratio of 6.93, a PEG ratio of 0.84 and a beta of 1.45. Viacom has a 52 week low of $23.31 and a 52 week high of $34.44. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 1.29.
Viacom Company Profile
Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.
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