Analysts forecast that Viacom, Inc. (NASDAQ:VIAB) will report $3.03 billion in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Viacom’s earnings. The highest sales estimate is $3.18 billion and the lowest is $2.95 billion. Viacom posted sales of $3.26 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.1%. The business is expected to report its next quarterly 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 $13.08 billion. For the next year, analysts anticipate that the firm will post sales of $13.19 billion per share, with estimates ranging from $12.78 billion to $13.59 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Viacom.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.14 billion. Viacom had a net margin of 15.49% and a return on equity of 26.28%. The business’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 EPS.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Engines Advisors L.L.C. grew its holdings in Viacom by 8.7% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 20,702 shares of the company’s stock worth $638,000 after acquiring an additional 1,657 shares in the last quarter. Standard Life Aberdeen plc boosted its holdings in shares of Viacom by 1.5% in the 4th quarter. Standard Life Aberdeen plc now owns 117,055 shares of the company’s stock valued at $3,607,000 after buying an additional 1,749 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Viacom by 2.2% in the 4th quarter. Arizona State Retirement System now owns 89,394 shares of the company’s stock valued at $2,754,000 after buying an additional 1,911 shares in the last quarter. Norinchukin Bank The boosted its holdings in shares of Viacom by 7.4% in the 4th quarter. Norinchukin Bank The now owns 28,209 shares of the company’s stock valued at $869,000 after buying an additional 1,955 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of Viacom by 3.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 65,795 shares of the company’s stock valued at $2,027,000 after buying an additional 2,240 shares in the last quarter. Institutional investors own 80.99% of the company’s stock.
Shares of Viacom stock traded up $0.58 on Thursday, reaching $31.06. The company had a trading volume of 2,394,841 shares, compared to its average volume of 2,766,941. The company has a market capitalization of $12,496.71, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 1.17 and a beta of 1.47. Viacom has a 52-week low of $22.13 and a 52-week 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.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Wednesday, March 14th. Viacom’s dividend payout ratio (DPR) is presently 21.22%.
COPYRIGHT VIOLATION WARNING: “Brokerages Anticipate Viacom, Inc. (VIAB) Will Announce Quarterly Sales of $3.03 Billion” was originally published by WKRB News and is owned by of WKRB News. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.wkrb13.com/2018/04/01/brokerages-anticipate-viacom-inc-viab-will-announce-quarterly-sales-of-3-03-billion.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.