FY2018 EPS Estimates for Viacom, Inc. (VIAB) Reduced by Analyst
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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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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