Brokers Offer Predictions for Viacom Inc.’s FY2019 Earnings (VIAB)
Viacom Inc. (NASDAQ:VIAB) – Investment analysts at Barrington Research issued their FY2019 earnings estimates for shares of Viacom in a research note issued on Tuesday. Barrington Research analyst J. Goss anticipates that the company will post earnings of $4.10 per share for the year. Barrington Research currently has a “Outperform” rating on the stock.
A number of other brokerages also recently issued reports on VIAB. Zacks Investment Research raised Viacom from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and set a $52.00 price target on shares of Viacom in a research report on Monday, April 17th. J P Morgan Chase & Co reissued an “overweight” rating and set a $48.00 price target on shares of Viacom in a research report on Monday, June 12th. Barclays PLC set a $37.00 price target on Viacom and gave the stock an “equal weight” rating in a research report on Friday, August 4th. Finally, Sanford C. Bernstein reissued an “underperform” rating and set a $29.00 price target on shares of Viacom in a research report on Friday, June 16th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.14.
Viacom (NASDAQ VIAB) traded down 0.80% during mid-day trading on Thursday, reaching $29.93. The company’s stock had a trading volume of 2,663,642 shares. The stock has a market cap of $12.04 billion, a PE ratio of 8.24 and a beta of 1.57. Viacom has a 52-week low of $29.65 and a 52-week high of $46.72. The company has a 50 day moving average of $34.25 and a 200-day moving average of $39.12.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.12. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.29 billion. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 EPS.
A number of institutional investors have recently made changes to their positions in VIAB. Johnson Financial Group Inc. acquired a new position in shares of Viacom during the second quarter valued at $108,000. Kiltearn Partners LLP acquired a new position in shares of Viacom during the second quarter valued at $40,845,000. CIBC World Markets Inc. acquired a new position in shares of Viacom during the second quarter valued at $1,236,000. Commonwealth Bank of Australia boosted its position in shares of Viacom by 5.0% in the second quarter. Commonwealth Bank of Australia now owns 121,622 shares of the company’s stock valued at $4,081,000 after buying an additional 5,839 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Viacom during the second quarter valued at $1,034,000. 77.38% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.80 annualized dividend and a yield of 2.65%. Viacom’s payout ratio is 21.98%.
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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