Viacom, Inc. (NASDAQ:VIAB) – KeyCorp upped their Q1 2018 EPS estimates for Viacom in a report released on Thursday, according to Zacks Investment Research. KeyCorp analyst A. Hargreaves now forecasts that the company will earn $1.20 per share for the quarter, up from their prior forecast of $1.18. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Viacom’s Q2 2018 earnings at $0.74 EPS, Q3 2018 earnings at $1.05 EPS, Q4 2018 earnings at $0.83 EPS, FY2018 earnings at $3.81 EPS, Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $1.02 EPS, Q4 2019 earnings at $0.81 EPS and FY2019 earnings at $3.84 EPS.
Other equities analysts also recently issued reports about the stock. Cowen lowered their price objective on shares of Viacom from $41.00 to $31.00 in a research note on Tuesday, September 19th. Jefferies Group reaffirmed a “buy” rating and set a $43.00 price objective (down from $52.00) on shares of Viacom in a research note on Wednesday, August 9th. Guggenheim reaffirmed a “buy” rating and set a $37.00 price objective (down from $40.00) on shares of Viacom in a research note on Friday, October 6th. Credit Suisse Group set a $38.00 price objective on shares of Viacom and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Bank of America lowered their price objective 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. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $36.62.
Viacom (NASDAQ:VIAB) traded down $0.24 during trading on Monday, reaching $28.94. 5,831,805 shares of the company’s stock traded hands, compared to its average volume of 5,148,179. The company has a market capitalization of $11,424.10, a P/E ratio of 7.53, a PEG ratio of 1.00 and a beta of 1.60. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.55 and a quick ratio of 1.30. Viacom has a 1-year low of $22.13 and a 1-year high of $46.72.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings results 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). The business had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.23 billion. Viacom had a return on equity of 28.95% and a net margin of 14.13%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.54 earnings per share.
The business also recently declared 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 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, December 14th. Viacom’s dividend payout ratio is currently 17.13%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Bank of Australia grew its holdings in Viacom by 5.0% in the second quarter. Commonwealth Bank of Australia now owns 121,622 shares of the company’s stock worth $4,081,000 after purchasing an additional 5,839 shares during the period. Thompson Siegel & Walmsley LLC purchased a new stake in Viacom in the second quarter worth about $22,120,000. Tobam purchased a new stake in Viacom in the second quarter worth about $1,886,000. Andra AP fonden grew its holdings in Viacom by 5.7% in the second quarter. Andra AP fonden now owns 68,700 shares of the company’s stock worth $2,306,000 after purchasing an additional 3,700 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Viacom by 36.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 33,302 shares of the company’s stock worth $1,118,000 after purchasing an additional 8,932 shares during the period. Institutional investors own 79.26% of the company’s stock.
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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.
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