Brokerages predict that Viacom, Inc. (NASDAQ:VIAB) will report sales of $3.03 billion for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Viacom’s earnings. The lowest sales estimate is $2.95 billion and the highest is $3.18 billion. Viacom reported sales of $3.26 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 7.1%. The business is scheduled to announce its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Viacom will report full-year sales of $3.03 billion for the current financial year, with estimates ranging from $12.41 billion to $13.71 billion. For the next fiscal year, analysts forecast that the firm will report sales of $13.19 billion per share, with estimates ranging from $12.78 billion to $13.59 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Viacom.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.09. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Viacom had a net margin of 15.49% and a return on equity of 26.28%. The business’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 earnings per share.
Several analysts have recently issued reports on the stock. Atlantic Securities raised shares of Viacom from an “underweight” rating to a “neutral” rating in a research report on Wednesday, February 14th. Zacks Investment Research raised shares of Viacom from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Tuesday, February 13th. Deutsche Bank increased their price target on shares of Viacom from $28.00 to $33.00 and gave the stock a “hold” rating in a research report on Monday, February 12th. BMO Capital Markets upped their target price on shares of Viacom from $27.00 to $34.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. Finally, ValuEngine upgraded shares of Viacom from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $34.92.
Several hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB lifted its holdings in shares of Viacom by 8.5% during the fourth quarter. Xact Kapitalforvaltning AB now owns 59,448 shares of the company’s stock worth $1,832,000 after purchasing an additional 4,635 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Viacom by 146.6% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 306,686 shares of the company’s stock worth $9,449,000 after purchasing an additional 182,308 shares during the period. Delek Group Ltd. acquired a new stake in shares of Viacom during the fourth quarter worth $12,126,000. Wall Street Access Asset Management LLC acquired a new stake in shares of Viacom during the fourth quarter worth $212,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in shares of Viacom by 33.5% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,836,976 shares of the company’s stock worth $56,597,000 after purchasing an additional 460,903 shares during the period. 79.92% of the stock is owned by institutional investors and hedge funds.
Shares of Viacom (NASDAQ:VIAB) opened at $32.93 on Friday. The stock has a market cap of $13,510.00, a PE ratio of 6.95, a PEG ratio of 1.02 and a beta of 1.54. Viacom has a 1 year low of $22.13 and a 1 year high of $46.72. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.14 and a current ratio of 1.41.
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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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