Zacks: Analysts Anticipate Viacom Inc. (VIAB) Will Post Earnings of $0.85 Per Share
Wall Street brokerages expect Viacom Inc. (NASDAQ:VIAB) to post earnings per share of $0.85 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Viacom’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.95. Viacom posted earnings per share of $0.69 in the same quarter last year, which would suggest a positive year over year growth rate of 23.2%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, November 16th.
According to Zacks, analysts expect that Viacom will report full year earnings of $3.86 per share for the current financial year, with EPS estimates ranging from $3.79 to $3.92. For the next year, analysts anticipate that the firm will report earnings of $3.86 per share, with EPS estimates ranging from $3.67 to $4.10. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Viacom.
VIAB has been the topic of several analyst reports. Piper Jaffray Companies restated a “hold” rating and issued a $40.00 target price on shares of Viacom in a research report on Tuesday, September 26th. Wells Fargo & Company cut Viacom from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 5th. Barclays PLC set a $37.00 target price on Viacom and gave the company an “equal weight” rating in a research report on Friday, August 4th. Jefferies Group LLC restated a “buy” rating and issued a $43.00 target price (down from $52.00) on shares of Viacom in a research report on Wednesday, August 9th. Finally, Loop Capital restated a “hold” rating and issued a $32.00 target price (down from $36.00) on shares of Viacom in a research report on Monday, September 25th. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the stock. Viacom currently has a consensus rating of “Hold” and an average price target of $38.85.
Viacom (NASDAQ:VIAB) traded up $0.11 on Thursday, reaching $24.89. The company had a trading volume of 5,253,000 shares, compared to its average volume of 5,816,248. Viacom has a 12-month low of $22.88 and a 12-month high of $46.72. The company has a current ratio of 1.35, a quick ratio of 1.11 and a debt-to-equity ratio of 2.03. The firm has a market cap of $10,009.49, a PE ratio of 6.75, a P/E/G ratio of 0.86 and a beta of 1.54.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.21%. Viacom’s payout ratio is 21.98%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIAB. Thrivent Financial For Lutherans boosted its position in Viacom by 5.7% during the first quarter. Thrivent Financial For Lutherans now owns 12,972 shares of the company’s stock valued at $604,000 after purchasing an additional 700 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in Viacom by 1.8% during the second quarter. Xact Kapitalforvaltning AB now owns 53,856 shares of the company’s stock valued at $1,808,000 after purchasing an additional 973 shares during the last quarter. Bank of Montreal Can boosted its position in Viacom by 7.0% during the second quarter. Bank of Montreal Can now owns 193,788 shares of the company’s stock valued at $6,507,000 after purchasing an additional 12,667 shares during the last quarter. Creative Planning boosted its position in Viacom by 220.4% during the second quarter. Creative Planning now owns 52,537 shares of the company’s stock valued at $1,764,000 after purchasing an additional 36,142 shares during the last quarter. Finally, National Pension Service boosted its position in Viacom by 10.1% during the second quarter. National Pension Service now owns 350,454 shares of the company’s stock valued at $12,038,000 after purchasing an additional 32,267 shares during the last quarter. 79.38% of the stock is owned by hedge funds and other institutional investors.
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.
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