Viacom, Inc. (NASDAQ:VIAB) – Research analysts at Imperial Capital reduced their Q4 2019 EPS estimates for Viacom in a research note issued to investors on Monday, May 13th. Imperial Capital analyst D. Miller now expects that the company will post earnings of $0.88 per share for the quarter, down from their prior estimate of $1.18. Imperial Capital also issued estimates for Viacom’s Q3 2020 earnings at $1.23 EPS, Q4 2020 earnings at $1.22 EPS and FY2020 earnings at $4.58 EPS.

Several other research firms also recently issued reports on VIAB. Barrington Research reaffirmed a “buy” rating and set a $35.00 price target on shares of Viacom in a research note on Tuesday, February 5th. BidaskClub raised shares of Viacom from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 6th. ValuEngine raised shares of Viacom from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. TheStreet raised shares of Viacom from a “c+” rating to a “b-” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada raised shares of Viacom from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $31.00 to $36.00 in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. Viacom currently has a consensus rating of “Hold” and a consensus price target of $34.57.

Viacom stock opened at $28.27 on Wednesday. Viacom has a 12-month low of $23.31 and a 12-month high of $34.44. The firm has a market cap of $11.34 billion, a P/E ratio of 6.86, a PEG ratio of 0.84 and a beta of 1.45. The company has a current ratio of 1.29, a quick ratio of 1.07 and a debt-to-equity ratio of 1.08.

Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Friday, May 10th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.15. Viacom had a net margin of 12.63% and a return on equity of 22.60%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s quarterly revenue was down 6.0% on a year-over-year basis.

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc boosted its holdings in shares of Viacom by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 38,037,506 shares of the company’s stock valued at $1,284,147,000 after buying an additional 585,381 shares during the period. BlackRock Inc. boosted its holdings in shares of Viacom by 0.8% in the 1st quarter. BlackRock Inc. now owns 27,794,121 shares of the company’s stock valued at $780,179,000 after buying an additional 215,824 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Viacom by 40.5% in the 1st quarter. AQR Capital Management LLC now owns 10,680,153 shares of the company’s stock valued at $294,131,000 after buying an additional 3,076,039 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Viacom by 3,319.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,573,957 shares of the company’s stock valued at $256,000 after buying an additional 6,381,702 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Viacom by 10.7% in the 1st quarter. Geode Capital Management LLC now owns 6,018,342 shares of the company’s stock valued at $168,856,000 after buying an additional 579,523 shares during the period. 81.38% of the stock is owned by institutional investors.

Viacom Company Profile

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

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Earnings History and Estimates for Viacom (NASDAQ:VIAB)

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