Viacom (VIA) Issues Quarterly Earnings Results

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.

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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.

Earnings History for Viacom (NASDAQ:VIA)

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