Brokerages Expect Viacom, Inc. (NASDAQ:VIAB) to Announce $0.77 EPS

Wall Street analysts forecast that Viacom, Inc. (NASDAQ:VIAB) will announce earnings per share of $0.77 for the current quarter, Zacks reports. Three analysts have made estimates for Viacom’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.73. Viacom reported earnings of $0.99 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 22.2%. The firm is scheduled to issue its next earnings results on Friday, November 15th.

On average, analysts expect that Viacom will report full-year earnings of $4.03 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.06. For the next fiscal year, analysts forecast that the firm will report earnings of $4.31 per share, with EPS estimates ranging from $4.19 to $4.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Viacom.

Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, August 8th. The company reported $1.20 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.14. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.33 billion. Viacom had a return on equity of 21.71% and a net margin of 12.68%. Viacom’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 earnings per share.



VIAB has been the topic of a number of recent research reports. BMO Capital Markets dropped their target price on Viacom from $34.00 to $33.00 and set a “market perform” rating on the stock in a research report on Thursday, May 16th. BidaskClub downgraded Viacom from a “hold” rating to a “sell” rating in a report on Tuesday. TheStreet raised Viacom from a “c+” rating to a “b-” rating in a report on Friday, April 26th. ValuEngine downgraded Viacom from a “sell” rating to a “strong sell” rating in a report on Tuesday. Finally, Macquarie downgraded Viacom from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $37.00 to $31.00 in a report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $34.14.

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Viacom by 20.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,147,775 shares of the company’s stock valued at $132,310,000 after acquiring an additional 865,520 shares in the last quarter. Retirement Systems of Alabama grew its stake in Viacom by 7.0% in the 1st quarter. Retirement Systems of Alabama now owns 361,251 shares of the company’s stock worth $10,140,000 after buying an additional 23,563 shares in the last quarter. Sciencast Management LP purchased a new position in Viacom in the 1st quarter worth approximately $386,000. Pennsylvania Trust Co purchased a new position in Viacom in the 1st quarter worth approximately $3,227,000. Finally, Nisa Investment Advisors LLC grew its stake in Viacom by 17.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 128,310 shares of the company’s stock worth $3,602,000 after buying an additional 18,607 shares in the last quarter. 77.56% of the stock is owned by institutional investors and hedge funds.

NASDAQ VIAB traded down $0.01 during trading hours on Friday, reaching $26.23. The stock had a trading volume of 4,418,000 shares, compared to its average volume of 4,485,816. The stock has a fifty day moving average of $30.00 and a 200 day moving average of $29.26. The stock has a market cap of $10.50 billion, a P/E ratio of 6.37, a price-to-earnings-growth ratio of 0.94 and a beta of 1.29. Viacom has a 52-week low of $23.31 and a 52-week high of $34.44. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.15 and a current ratio of 1.36.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, September 13th. Viacom’s payout ratio is 19.42%.

About Viacom

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

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Earnings History and Estimates for Viacom (NASDAQ:VIAB)

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