Viacom, Inc. (NASDAQ:VIAB) – Investment analysts at Jefferies Group decreased their Q2 2018 earnings per share estimates for shares of Viacom in a research note issued to investors on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the company will post earnings of $0.68 per share for the quarter, down from their previous estimate of $0.69. Jefferies Group also issued estimates for Viacom’s Q3 2018 earnings at $0.99 EPS, Q2 2019 earnings at $0.70 EPS, Q3 2019 earnings at $0.99 EPS and Q1 2020 earnings at $0.93 EPS.

Several other equities research analysts have also recently commented on VIAB. Cowen lowered their price target on shares of Viacom from $41.00 to $31.00 in a research report on Tuesday, September 19th. Loop Capital reiterated a “hold” rating and set a $32.00 price target (down previously from $36.00) on shares of Viacom in a research report on Monday, September 25th. Piper Jaffray Companies reiterated a “hold” rating and set a $40.00 price target on shares of Viacom in a research report on Tuesday, September 26th. Zacks Investment Research cut shares of Viacom from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. Finally, Guggenheim reiterated a “buy” rating and set a $37.00 price target (down previously from $40.00) on shares of Viacom in a research report on Friday, October 6th. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company’s stock. Viacom presently has an average rating of “Hold” and an average price target of $35.04.

Shares of Viacom (NASDAQ VIAB) traded up $2.95 during trading hours on Thursday, hitting $33.76. 12,749,728 shares of the stock traded hands, compared to its average volume of 4,511,202. Viacom has a 12 month low of $22.13 and a 12 month high of $46.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55. The firm has a market cap of $12,393.54, a PE ratio of 8.17, a price-to-earnings-growth ratio of 1.09 and a beta of 1.60.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, November 16th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.09). Viacom had a net margin of 14.13% and a return on equity of 28.95%. The company had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the previous year, the business posted $1.54 EPS. The company’s revenue was up 2.9% compared to the same quarter last year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in Viacom by 13.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock valued at $124,000 after purchasing an additional 423 shares during the period. Wall Street Access Asset Management LLC grew its holdings in Viacom by 1.1% during the second quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock valued at $212,000 after purchasing an additional 70 shares during the period. Capital Guardian Trust Co. grew its holdings in Viacom by 2.7% during the second quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock valued at $217,000 after purchasing an additional 168 shares during the period. Marathon Trading Investment Management LLC acquired a new position in Viacom during the third quarter valued at approximately $237,000. Finally, IFM Investors Pty Ltd acquired a new position in Viacom during the third quarter valued at approximately $269,000. Hedge funds and other institutional investors own 79.20% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Thursday, December 14th. Viacom’s dividend payout ratio is currently 17.13%.

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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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