Equities research analysts predict that Viacom Inc (NASDAQ:VIAB) will post sales of $3.27 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Viacom’s earnings. The lowest sales estimate is $3.17 billion and the highest is $3.33 billion. Viacom posted sales of $3.36 billion during the same quarter last year, which would indicate a negative year over year growth rate of 2.7%. The firm is expected to report its next quarterly earnings report on Thursday, August 2nd.
On average, analysts expect that Viacom will report full year sales of $12.94 billion for the current fiscal year, with estimates ranging from $12.81 billion to $13.01 billion. For the next year, analysts forecast that the business will report sales of $13.43 billion per share, with estimates ranging from $13.23 billion to $13.68 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Viacom.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Wednesday, April 25th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.79 by $0.13. Viacom had a return on equity of 24.97% and a net margin of 16.74%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the previous year, the firm earned $0.79 EPS. The company’s quarterly revenue was down 3.3% compared to the same quarter last year.
VIAB has been the topic of several analyst reports. Royal Bank of Canada upgraded Viacom from an “underperform” rating to a “sector perform” rating and set a $35.00 price target on the stock in a report on Friday, February 9th. ValuEngine upgraded Viacom from a “strong sell” rating to a “sell” rating in a report on Friday, May 11th. Zacks Investment Research lowered Viacom from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Citigroup upgraded Viacom from a “sell” rating to a “neutral” rating in a report on Wednesday, March 28th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $36.00 price target on shares of Viacom in a report on Friday, February 9th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company’s stock. Viacom has a consensus rating of “Hold” and a consensus price target of $35.00.
Shares of NASDAQ VIAB traded down $0.38 during trading on Friday, hitting $27.19. 2,994,262 shares of the company were exchanged, compared to its average volume of 4,088,713. Viacom has a 12-month low of $22.13 and a 12-month high of $36.96. The company has a quick ratio of 1.24, a current ratio of 1.53 and a debt-to-equity ratio of 1.47. The firm has a market cap of $11.05 billion, a PE ratio of 7.21, a P/E/G ratio of 0.85 and a beta of 1.45.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, June 14th. Viacom’s dividend payout ratio is currently 21.22%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VIAB. Bank of Montreal Can grew its position in Viacom by 4.1% in the 4th quarter. Bank of Montreal Can now owns 225,878 shares of the company’s stock valued at $6,960,000 after acquiring an additional 8,824 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Viacom by 8.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,776,780 shares of the company’s stock valued at $54,743,000 after acquiring an additional 139,328 shares in the last quarter. State of Alaska Department of Revenue grew its position in Viacom by 99.7% in the 4th quarter. State of Alaska Department of Revenue now owns 44,070 shares of the company’s stock valued at $1,356,000 after acquiring an additional 22,000 shares in the last quarter. James Investment Research Inc. grew its position in Viacom by 137.6% in the 4th quarter. James Investment Research Inc. now owns 29,235 shares of the company’s stock valued at $901,000 after acquiring an additional 16,930 shares in the last quarter. Finally, Midas Management Corp acquired a new position in Viacom in the 4th quarter valued at about $339,000. 79.02% of the stock is owned by institutional investors.
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.
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