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.

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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.

Earnings History and Estimates for Viacom (NASDAQ:VIAB)

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