Brokerages Anticipate Viacom, Inc. (VIAB) to Announce $0.97 Earnings Per Share

Wall Street brokerages expect Viacom, Inc. (NASDAQ:VIAB) to announce $0.97 earnings per share for the current quarter, according to Zacks. Six analysts have provided estimates for Viacom’s earnings, with the lowest EPS estimate coming in at $0.91 and the highest estimate coming in at $1.08. Viacom posted earnings of $1.04 per share during the same quarter last year, which suggests a negative year over year growth rate of 6.7%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, February 8th.

On average, analysts expect that Viacom will report full year earnings of $3.77 per share for the current year, with EPS estimates ranging from $3.62 to $4.03. For the next financial year, analysts expect that the firm will report earnings of $3.91 per share, with EPS estimates ranging from $3.68 to $4.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Viacom.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.09). The business had revenue of $3.32 billion for 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 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.

Several equities analysts have weighed in on the stock. B. Riley reaffirmed a “neutral” rating on shares of Viacom in a report on Wednesday, November 1st. Piper Jaffray Companies reissued a “hold” rating and issued a $40.00 target price on shares of Viacom in a report on Tuesday, September 26th. Barrington Research downgraded shares of Viacom from an “outperform” rating to a “market perform” rating in a report on Tuesday. Wells Fargo & Co reissued a “market perform” rating and issued a $32.00 target price (up previously from $25.00) on shares of Viacom in a report on Thursday. Finally, Loop Capital reissued a “hold” rating and issued a $28.00 target price on shares of Viacom in a report on Wednesday, December 27th. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $34.86.

Shares of Viacom (NASDAQ:VIAB) traded down $0.39 during mid-day trading on Monday, hitting $29.56. 5,323,816 shares of the stock were exchanged, compared to its average volume of 4,677,600. Viacom has a 52-week low of $22.13 and a 52-week high of $46.72. The company has a market capitalization of $12,060.00, a price-to-earnings ratio of 6.34, a PEG ratio of 1.10 and a beta of 1.60. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, December 14th. Viacom’s payout ratio is 17.17%.

Hedge funds have recently bought and sold shares of the business. Johnson Financial Group Inc. bought a new position in Viacom during the second quarter valued at $108,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Viacom by 13.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after purchasing an additional 423 shares during the last quarter. Wall Street Access Asset Management LLC grew its holdings in shares of Viacom by 1.1% in the second quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock worth $212,000 after purchasing an additional 70 shares during the last quarter. Capital Guardian Trust Co. grew its holdings in shares of Viacom by 2.7% in the second quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock worth $217,000 after purchasing an additional 168 shares during the last quarter. Finally, Beach Investment Management LLC. bought a new position in shares of Viacom in the second quarter worth about $272,000. Institutional investors and hedge funds own 79.20% of the company’s stock.

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About Viacom

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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Earnings History and Estimates for Viacom (NASDAQ:VIAB)

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