Viacom Inc. (NASDAQ:VIAB) – Research analysts at FBR & Co cut their FY2017 EPS estimates for shares of Viacom in a note issued to investors on Tuesday. FBR & Co analyst B. Crockett now forecasts that the company will post earnings of $3.92 per share for the year, down from their previous forecast of $3.94. FBR & Co also issued estimates for Viacom’s FY2019 earnings at $4.11 EPS and FY2020 earnings at $4.13 EPS.

Several other brokerages have also issued reports on VIAB. Zacks Investment Research raised Viacom from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Thursday, July 13th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $40.00 price objective on shares of Viacom in a report on Tuesday, September 26th. Barclays PLC set a $37.00 price objective on Viacom and gave the stock an “equal weight” rating in a report on Friday, August 4th. Wells Fargo & Company lowered Viacom from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 5th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $43.00 price target (down previously from $52.00) on shares of Viacom in a report on Wednesday, August 9th. Eight analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $38.96.

TRADEMARK VIOLATION NOTICE: “FBR & Co Analysts Lower Earnings Estimates for Viacom Inc. (VIAB)” was first published by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The original version of this article can be viewed at https://www.watchlistnews.com/fbr-co-analysts-lower-earnings-estimates-for-viacom-inc-viab/1674517.html.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.12. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.29 billion. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 EPS.

Several hedge funds have recently bought and sold shares of the company. Johnson Financial Group Inc. acquired a new position in shares of Viacom during the 2nd quarter worth approximately $108,000. First Personal Financial Services raised its position in shares of Viacom by 5.9% during the 2nd quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after purchasing an additional 182 shares during the last quarter. First Mercantile Trust Co. raised its position in shares of Viacom by 1.6% during the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after purchasing an additional 54 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Viacom by 13.0% during the 2nd 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. Finally, Delta Asset Management LLC TN raised its position in shares of Viacom by 12.2% during the 2nd quarter. Delta Asset Management LLC TN now owns 4,358 shares of the company’s stock worth $146,000 after purchasing an additional 475 shares during the last quarter. Institutional investors own 79.11% of the company’s stock.

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.

Earnings History and Estimates for Viacom (NASDAQ:VIAB)

Receive News & Ratings for Viacom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.