Brokerages Expect Viacom, Inc. (VIAB) Will Announce Earnings of $0.80 Per Share

Brokerages predict that Viacom, Inc. (NASDAQ:VIAB) will post earnings per share (EPS) of $0.80 for the current quarter, according to Zacks. Four analysts have made estimates for Viacom’s earnings. The lowest EPS estimate is $0.75 and the highest is $0.88. Viacom reported earnings of $0.92 per share during the same quarter last year, which indicates a negative year over year growth rate of 13%. The company is scheduled to issue its next earnings results on Wednesday, April 24th.

On average, analysts expect that Viacom will report full year earnings of $4.20 per share for the current year, with EPS estimates ranging from $3.84 to $4.29. For the next year, analysts expect that the business will post earnings of $4.47 per share, with EPS estimates ranging from $4.24 to $4.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Viacom.

Viacom (NASDAQ:VIAB) last released its earnings results on Tuesday, February 5th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.10. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.12 billion. Viacom had a net margin of 11.60% and a return on equity of 23.34%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 earnings per share.

Several equities analysts have recently commented on VIAB shares. Zacks Investment Research upgraded shares of Viacom from a “sell” rating to a “hold” rating in a research report on Saturday, February 9th. BidaskClub lowered shares of Viacom from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 14th. Imperial Capital upgraded shares of Viacom from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $30.00 to $37.00 in a research report on Friday, January 11th. B. Riley lowered their price target on shares of Viacom from $39.00 to $30.00 in a research report on Friday, December 28th. Finally, TheStreet lowered shares of Viacom from a “b-” rating to a “c+” rating in a research report on Wednesday, December 26th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Viacom currently has an average rating of “Hold” and a consensus price target of $34.46.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its holdings in Viacom by 10.2% in the third quarter. Commonwealth Equity Services LLC now owns 36,577 shares of the company’s stock worth $1,234,000 after buying an additional 3,389 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Viacom by 8.2% during the third quarter. Alliancebernstein L.P. now owns 759,503 shares of the company’s stock valued at $25,641,000 after purchasing an additional 57,507 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Viacom by 12.0% during the third quarter. Bank of New York Mellon Corp now owns 5,443,549 shares of the company’s stock valued at $183,775,000 after purchasing an additional 584,495 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Viacom by 13.6% during the third quarter. PNC Financial Services Group Inc. now owns 95,743 shares of the company’s stock valued at $3,233,000 after purchasing an additional 11,482 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in Viacom by 7.5% during the third quarter. BlackRock Inc. now owns 27,312,498 shares of the company’s stock valued at $922,070,000 after purchasing an additional 1,911,462 shares during the last quarter. 80.91% of the stock is owned by institutional investors and hedge funds.

Shares of Viacom stock traded up $0.62 during trading on Friday, hitting $28.07. 7,514,894 shares of the stock were exchanged, compared to its average volume of 6,152,899. The firm has a market capitalization of $11.31 billion, a P/E ratio of 6.81, a P/E/G ratio of 0.83 and a beta of 1.46. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.10 and a current ratio of 1.31. Viacom has a 12 month low of $23.31 and a 12 month high of $34.44.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Thursday, March 14th. Viacom’s dividend payout ratio (DPR) 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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