Viacom Inc. (NASDAQ:VIAB) – Stock analysts at Jefferies Group decreased their FY2016 earnings per share estimates for Viacom in a note issued to investors on Monday. Jefferies Group analyst J. Janedis now expects that the brokerage will earn $3.88 per share for the year, down from their previous estimate of $3.89. Jefferies Group has a “Buy” rating and a $49.00 price objective on the stock. Jefferies Group also issued estimates for Viacom’s Q2 2017 earnings at $0.78 EPS, Q4 2017 earnings at $0.97 EPS, FY2017 earnings at $3.98 EPS, Q1 2018 earnings at $1.13 EPS, Q2 2018 earnings at $0.83 EPS and FY2018 earnings at $4.15 EPS.

Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.01 billion. Viacom had a net margin of 15.85% and a return on equity of 46.74%. Viacom’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.47 earnings per share.

A number of other equities analysts have also commented on VIAB. Vetr lowered shares of Viacom from a “sell” rating to a “strong sell” rating and set a $39.00 price target on the stock. in a report on Monday, May 30th. Royal Bank Of Canada reissued a “sell” rating on shares of Viacom in a report on Tuesday, May 31st. JPMorgan Chase & Co. reissued a “buy” rating on shares of Viacom in a report on Friday, June 10th. Zacks Investment Research lowered shares of Viacom from a “hold” rating to a “sell” rating in a report on Monday, June 13th. Finally, BTIG Research raised shares of Viacom from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Thursday, June 16th. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.03.

Viacom (NASDAQ:VIAB) opened at 36.05 on Tuesday. The firm has a market cap of $14.30 billion, a price-to-earnings ratio of 6.94 and a beta of 1.43. Viacom has a one year low of $30.11 and a one year high of $53.35. The stock’s 50 day moving average is $40.60 and its 200 day moving average is $41.47.

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of Viacom by 104.1% in the first quarter. Royal Bank of Canada now owns 1,074,641 shares of the company’s stock worth $44,362,000 after buying an additional 548,080 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Viacom by 2.8% in the first quarter. Legal & General Group Plc now owns 1,555,673 shares of the company’s stock worth $64,209,000 after buying an additional 42,350 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Viacom by 120.5% in the first quarter. Nuveen Asset Management LLC now owns 728,866 shares of the company’s stock worth $30,087,000 after buying an additional 398,300 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Viacom by 0.5% in the first quarter. Geode Capital Management LLC now owns 2,908,135 shares of the company’s stock worth $119,812,000 after buying an additional 14,321 shares in the last quarter. Finally, AlphaOne Investment Services LLC raised its stake in shares of Viacom by 113.0% in the first quarter. AlphaOne Investment Services LLC now owns 82,000 shares of the company’s stock worth $3,385,000 after buying an additional 43,500 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 22nd will be paid a $0.20 dividend. The ex-dividend date is Thursday, September 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.22%. Viacom’s dividend payout ratio is presently 30.83%.

About Viacom

Viacom Inc (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment.

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