Viacom (NASDAQ:VIA) Announces Quarterly Earnings Results

Viacom (NASDAQ:VIA) released its quarterly earnings results on Thursday, February 8th. The company reported $1.03 earnings per share for the quarter, Morningstar.com reports. The business had revenue of $3.07 billion during the quarter. Viacom had a return on equity of 26.28% and a net margin of 15.49%.

Viacom (NASDAQ VIA) traded up $0.10 during midday trading on Friday, hitting $39.35. The stock had a trading volume of 39,500 shares, compared to its average volume of 53,349. The firm has a market capitalization of $15,788.59, a PE ratio of 10.44 and a beta of 1.39. Viacom has a 12 month low of $28.20 and a 12 month high of $49.00. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.14 and a current ratio of 1.41.

Several brokerages have recently weighed in on VIA. Rosenblatt Securities reiterated a “sell” rating and issued a $45.00 target price on shares of Viacom in a research note on Tuesday, January 16th. Loop Capital reiterated a “hold” rating and issued a $27.00 target price (down from $28.00) on shares of Viacom in a research note on Wednesday, December 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $39.00.

Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its position in Viacom by 3,470.8% during the second quarter. Legal & General Group Plc now owns 3,428 shares of the company’s stock valued at $130,000 after acquiring an additional 3,332 shares during the period. Public Employees Retirement System of Ohio grew its position in Viacom by 31.3% during the second quarter. Public Employees Retirement System of Ohio now owns 4,386 shares of the company’s stock valued at $167,000 after acquiring an additional 1,046 shares during the period. Pinebridge Investments L.P. purchased a new position in Viacom in the fourth quarter valued at about $190,000. Citigroup Inc. purchased a new position in Viacom in the second quarter valued at about $195,000. Finally, Berkshire Asset Management LLC PA purchased a new position in Viacom in the fourth quarter valued at about $202,000. Hedge funds and other institutional investors own 2.37% 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.

Earnings History for Viacom (NASDAQ:VIA)

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