Zacks: Analysts Anticipate Viacom, Inc. (VIAB) Will Announce Earnings of $1.04 Per Share

Equities analysts predict that Viacom, Inc. (NASDAQ:VIAB) will announce earnings of $1.04 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Viacom’s earnings, with the highest EPS estimate coming in at $1.28 and the lowest estimate coming in at $0.93. Viacom posted earnings per share of $1.03 in the same quarter last year, which indicates a positive year over year growth rate of 1%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 14th.

On average, analysts expect that Viacom will report full-year earnings of $4.28 per share for the current fiscal year, with EPS estimates ranging from $4.16 to $4.47. For the next fiscal year, analysts forecast that the company will post earnings of $4.51 per share, with EPS estimates ranging from $4.23 to $4.65. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Viacom.

Viacom (NASDAQ:VIAB) last announced its earnings results on Friday, November 16th. The company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.04. Viacom had a net margin of 13.28% and a return on equity of 23.68%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the business posted $0.77 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis.

A number of analysts have recently commented on the stock. TheStreet upgraded shares of Viacom from a “c+” rating to a “b-” rating in a report on Friday, August 31st. Barrington Research reiterated a “hold” rating on shares of Viacom in a research note on Wednesday, August 15th. ValuEngine upgraded shares of Viacom from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. BidaskClub upgraded shares of Viacom from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. Finally, Zacks Investment Research cut shares of Viacom from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the stock. Viacom presently has an average rating of “Hold” and a consensus price target of $34.15.

A number of large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its position in Viacom by 1.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 112,403 shares of the company’s stock worth $3,795,000 after buying an additional 1,605 shares during the last quarter. HPM Partners LLC increased its position in shares of Viacom by 15.7% during the 2nd quarter. HPM Partners LLC now owns 12,731 shares of the company’s stock valued at $384,000 after purchasing an additional 1,732 shares during the last quarter. Accuvest Global Advisors increased its position in shares of Viacom by 7.8% during the 3rd quarter. Accuvest Global Advisors now owns 24,426 shares of the company’s stock valued at $825,000 after purchasing an additional 1,757 shares during the last quarter. Signaturefd LLC increased its position in shares of Viacom by 100.7% during the 3rd quarter. Signaturefd LLC now owns 3,879 shares of the company’s stock valued at $131,000 after purchasing an additional 1,946 shares during the last quarter. Finally, Wedbush Securities Inc. increased its position in shares of Viacom by 21.4% during the 2nd quarter. Wedbush Securities Inc. now owns 11,195 shares of the company’s stock valued at $338,000 after purchasing an additional 1,971 shares during the last quarter. 69.49% of the stock is owned by institutional investors and hedge funds.

Shares of VIAB stock traded down $0.88 during mid-day trading on Thursday, reaching $30.00. 6,637,400 shares of the company’s stock traded hands, compared to its average volume of 3,785,131. Viacom has a 12 month low of $26.56 and a 12 month high of $35.55. The stock has a market cap of $12.44 billion, a PE ratio of 7.28, a price-to-earnings-growth ratio of 1.09 and a beta of 1.42. The company has a current ratio of 1.50, a quick ratio of 1.28 and a debt-to-equity ratio of 1.27.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 17th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Friday, December 14th. Viacom’s dividend payout ratio (DPR) is 19.42%.

About Viacom

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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