Viacom (NASDAQ:VIA) issued its earnings results on Wednesday. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.79 by $0.13, MarketWatch Earnings reports. Viacom had a return on equity of 26.28% and a net margin of 15.49%.
Shares of NASDAQ:VIA traded up $1.30 on Wednesday, hitting $36.95. The company’s stock had a trading volume of 25,228 shares, compared to its average volume of 39,837. Viacom has a 1 year low of $28.20 and a 1 year high of $45.40. The stock has a market cap of $14,484.28, a P/E ratio of 9.57 and a beta of 1.26. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.52.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 15th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.17%.
Several large investors have recently added to or reduced their stakes in VIA. Pinebridge Investments L.P. purchased a new stake in shares of Viacom in the 4th quarter valued at about $190,000. Berkshire Asset Management LLC PA purchased a new position in shares of Viacom during the 4th quarter valued at about $202,000. Stone Ridge Asset Management LLC purchased a new position in shares of Viacom during the 4th quarter valued at about $210,000. California Public Employees Retirement System purchased a new position in shares of Viacom during the 3rd quarter valued at about $215,000. Finally, Deutsche Bank AG raised its holdings in shares of Viacom by 58.3% during the 4th quarter. Deutsche Bank AG now owns 7,170 shares of the company’s stock valued at $248,000 after buying an additional 2,642 shares in the last quarter. 2.32% of the stock is currently owned by hedge funds and other institutional investors.
VIA has been the subject of several analyst reports. Loop Capital restated a “hold” rating and issued a $27.00 target price (down previously from $28.00) on shares of Viacom in a research note on Wednesday, December 27th. Rosenblatt Securities restated a “sell” rating and issued a $45.00 target price on shares of Viacom in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $39.00.
ILLEGAL ACTIVITY WARNING: “Viacom (VIA) Issues Quarterly Earnings Results” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/04/25/viacom-via-issues-quarterly-earnings-results.html.
Viacom Company Profile
Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.
Receive News & Ratings for Viacom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom and related companies with MarketBeat.com's FREE daily email newsletter.