Viacom, Inc. (NASDAQ:VIAB) – Equities research analysts at Jefferies Group reduced their FY2018 earnings estimates for shares of Viacom in a report released on Wednesday. Jefferies Group analyst J. Janedis now forecasts that the company will post earnings of $3.68 per share for the year, down from their previous forecast of $3.72. Jefferies Group also issued estimates for Viacom’s Q4 2018 earnings at $1.11 EPS, Q4 2019 earnings at $1.14 EPS, FY2019 earnings at $3.74 EPS and FY2020 earnings at $3.89 EPS.

Other equities research analysts also recently issued reports about the company. Cowen decreased their target price on Viacom from $41.00 to $31.00 in a research report on Tuesday, September 19th. Guggenheim restated a “buy” rating and set a $37.00 price target (down previously from $40.00) on shares of Viacom in a research note on Friday, October 6th. Credit Suisse Group set a $38.00 price target on shares of Viacom and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Bank of America cut their price target on shares of Viacom from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, November 17th. Finally, UBS Group cut their price target on shares of Viacom from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 17th. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company. Viacom has a consensus rating of “Hold” and a consensus price target of $35.04.

Viacom (NASDAQ VIAB) traded up $1.65 during mid-day trading on Friday, reaching $30.81. The company had a trading volume of 6,355,500 shares, compared to its average volume of 5,020,288. Viacom has a fifty-two week low of $22.13 and a fifty-two week high of $46.72. The firm has a market capitalization of $12,630.00, a P/E ratio of 6.61, a PEG ratio of 1.03 and a beta of 1.60. The company has a current ratio of 1.55, a quick ratio of 1.30 and a debt-to-equity ratio of 1.81.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Thursday, December 14th. Viacom’s dividend payout ratio (DPR) is currently 17.17%.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Viacom by 28.9% in the second quarter. Vanguard Group Inc. now owns 28,964,262 shares of the company’s stock valued at $972,330,000 after purchasing an additional 6,496,269 shares in the last quarter. Steadfast Capital Management LP acquired a new stake in shares of Viacom in the second quarter valued at approximately $117,707,000. FMR LLC increased its holdings in shares of Viacom by 17.3% in the second quarter. FMR LLC now owns 10,918,953 shares of the company’s stock valued at $366,551,000 after purchasing an additional 1,607,844 shares in the last quarter. Capital International Investors increased its holdings in shares of Viacom by 19.3% in the third quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock valued at $243,926,000 after purchasing an additional 1,418,000 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Viacom by 6.4% in the second quarter. BlackRock Inc. now owns 22,863,371 shares of the company’s stock valued at $767,522,000 after purchasing an additional 1,377,520 shares in the last quarter. Institutional investors own 79.20% of the company’s stock.

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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)

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