Wall Street brokerages expect Viacom, Inc. (NASDAQ:VIAB) to report sales of $3.09 billion for the current quarter, according to Zacks. Four analysts have made estimates for Viacom’s earnings, with estimates ranging from $3.02 billion to $3.21 billion. Viacom posted sales of $3.15 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.9%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, April 24th.

According to Zacks, analysts expect that Viacom will report full year sales of $13.10 billion for the current year, with estimates ranging from $12.88 billion to $13.31 billion. For the next year, analysts forecast that the firm will report sales of $13.56 billion, with estimates ranging from $13.31 billion to $13.97 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Viacom.

Viacom (NASDAQ:VIAB) last issued its earnings results on Tuesday, February 5th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.10. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.12 billion. Viacom had a net margin of 11.60% and a return on equity of 23.34%. Viacom’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share.

VIAB has been the subject of several analyst reports. Goldman Sachs Group initiated coverage on Viacom in a research report on Thursday, November 29th. They set a “neutral” rating and a $34.00 target price for the company. B. Riley lowered their target price on shares of Viacom from $39.00 to $30.00 in a report on Friday, December 28th. BidaskClub raised shares of Viacom from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 6th. Zacks Investment Research cut shares of Viacom from a “hold” rating to a “sell” rating in a report on Saturday, January 26th. Finally, ValuEngine raised shares of Viacom from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Viacom currently has a consensus rating of “Hold” and an average target price of $34.71.

NASDAQ VIAB traded up $0.07 on Monday, hitting $28.52. 4,492,077 shares of the company were exchanged, compared to its average volume of 4,098,463. The firm has a market cap of $11.41 billion, a PE ratio of 6.92, a P/E/G ratio of 0.84 and a beta of 1.46. Viacom has a 12 month low of $23.31 and a 12 month high of $34.44. The company has a quick ratio of 1.10, a current ratio of 1.31 and a debt-to-equity ratio of 1.12.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.81%. Viacom’s dividend payout ratio is presently 19.42%.

Several hedge funds have recently added to or reduced their stakes in VIAB. Pearl River Capital LLC bought a new position in shares of Viacom during the 4th quarter worth approximately $26,000. Valley National Advisers Inc. boosted its holdings in shares of Viacom by 66.4% in the 4th quarter. Valley National Advisers Inc. now owns 1,118 shares of the company’s stock valued at $29,000 after acquiring an additional 446 shares during the last quarter. Bruderman Asset Management LLC boosted its holdings in shares of Viacom by 935.5% in the 4th quarter. Bruderman Asset Management LLC now owns 1,139 shares of the company’s stock valued at $29,000 after acquiring an additional 1,029 shares during the last quarter. CWM LLC boosted its holdings in shares of Viacom by 507.6% in the 4th quarter. CWM LLC now owns 1,197 shares of the company’s stock valued at $31,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Clarus Wealth Advisors boosted its holdings in shares of Viacom by 3,279.5% in the 4th quarter. Clarus Wealth Advisors now owns 1,487 shares of the company’s stock valued at $38,000 after acquiring an additional 1,443 shares during the last quarter. 80.28% of the stock is owned by hedge funds and other institutional investors.

About Viacom

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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