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.
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