Viacom Inc. (NASDAQ:VIAB) – Investment analysts at Jefferies Group dropped their FY2016 earnings per share (EPS) estimates for shares of Viacom in a research note issued to investors on Monday. Jefferies Group analyst J. Janedis now expects that the firm will post earnings per share of $3.88 for the year, down from their prior estimate of $3.89. Jefferies Group currently has a “Buy” rating and a $49.00 price target 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 quarterly earnings results on Thursday, August 4th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.04. The business earned $3.11 billion during 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%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 earnings per share.

VIAB has been the subject of a number of other reports. Brean Capital reissued a “hold” rating on shares of Viacom in a research report on Thursday, September 8th. Vetr raised Viacom from a “sell” rating to a “hold” rating and set a $42.50 price objective for the company in a research report on Tuesday, August 2nd. Wunderlich reissued a “buy” rating on shares of Viacom in a research report on Sunday, July 10th. Wedbush cut their price objective on Viacom from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Finally, Sanford C. Bernstein reissued an “underperform” rating on shares of Viacom in a research report on Friday, June 17th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $45.03.

Viacom (NASDAQ:VIAB) opened at 36.05 on Tuesday. Viacom has a 12 month low of $30.11 and a 12 month high of $53.35. The stock has a market capitalization of $14.30 billion, a price-to-earnings ratio of 6.94 and a beta of 1.43. The company has a 50 day moving average of $40.60 and a 200 day moving average of $41.47.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Viacom during the second quarter valued at $580,000. Kentucky Retirement Systems purchased a new stake in Viacom during the second quarter valued at $1,222,000. Mason Street Advisors LLC purchased a new stake in Viacom during the second quarter valued at $1,936,000. Tobam purchased a new stake in Viacom during the second quarter valued at $6,415,000. Finally, Schwab Charles Investment Management Inc. raised its stake in Viacom by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,217,597 shares of the company’s stock valued at $50,494,000 after buying an additional 57,396 shares during the period. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Viacom Company Profile

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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