Equities analysts expect that Viacom, Inc. (NASDAQ:VIAB) will report earnings per share of $0.98 for the current quarter, Zacks reports. Six analysts have made estimates for Viacom’s earnings. The highest EPS estimate is $1.08 and the lowest is $0.91. Viacom posted earnings of $1.04 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 5.8%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, February 8th.
According to Zacks, analysts expect that Viacom will report full year earnings of $3.85 per share for the current financial year, with EPS estimates ranging from $3.68 to $4.14. For the next year, analysts anticipate that the firm will report earnings of $3.95 per share, with EPS estimates ranging from $3.51 to $4.40. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Viacom.
Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, November 16th. The company reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.09). The company had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Viacom had a net margin of 14.13% and a return on equity of 28.95%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $1.54 earnings per share.
A number of research analysts recently commented on VIAB shares. Morgan Stanley dropped their target price on shares of Viacom from $42.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, October 13th. Wells Fargo & Co reissued a “market perform” rating and set a $32.00 price objective (up from $25.00) on shares of Viacom in a research report on Thursday, January 4th. Zacks Investment Research downgraded shares of Viacom from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. Credit Suisse Group set a $38.00 price objective on shares of Viacom and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Citigroup downgraded shares of Viacom from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $33.00 to $24.00 in a research report on Monday, October 9th. Seven research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $35.07.
Hedge funds have recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC acquired a new stake in shares of Viacom in the 4th quarter worth $225,000. Marathon Trading Investment Management LLC acquired a new stake in shares of Viacom in the 3rd quarter worth $237,000. Lourd Capital LLC acquired a new stake in shares of Viacom in the 4th quarter worth $252,000. IFM Investors Pty Ltd acquired a new stake in shares of Viacom in the 3rd quarter worth $269,000. Finally, Exane Derivatives lifted its stake in shares of Viacom by 293.2% in the 3rd quarter. Exane Derivatives now owns 9,707 shares of the company’s stock worth $270,000 after acquiring an additional 7,238 shares during the period. Institutional investors own 79.26% of the company’s stock.
Viacom (NASDAQ VIAB) traded down $0.99 during midday trading on Friday, hitting $32.22. 5,226,163 shares of the company were exchanged, compared to its average volume of 5,351,353. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.55 and a quick ratio of 1.30. The stock has a market cap of $12,960.72, a P/E ratio of 6.90, a price-to-earnings-growth ratio of 1.11 and a beta of 1.54. Viacom has a 1 year low of $22.13 and a 1 year high of $46.72.
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Viacom Company Profile
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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