Viacom, Inc. (VIAB) Expected to Earn Q3 2019 Earnings of $1.20 Per Share

Viacom, Inc. (NASDAQ:VIAB) – Equities researchers at Imperial Capital upped their Q3 2019 earnings per share (EPS) estimates for shares of Viacom in a research note issued to investors on Tuesday, March 26th, Zacks Investment Research reports. Imperial Capital analyst D. Miller now forecasts that the company will post earnings of $1.20 per share for the quarter, up from their previous forecast of $1.18. Imperial Capital currently has a “Outperform” rating and a $37.00 target price on the stock. Imperial Capital also issued estimates for Viacom’s Q4 2019 earnings at $1.19 EPS, Q2 2020 earnings at $0.87 EPS and Q4 2020 earnings at $1.21 EPS.

Viacom (NASDAQ:VIAB) last released its earnings results on Tuesday, February 5th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.10. Viacom had a return on equity of 23.34% and a net margin of 11.60%. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter last year, the business posted $1.03 EPS. Viacom’s quarterly revenue was up .6% compared to the same quarter last year.

VIAB has been the topic of a number of other research reports. Loop Capital raised Viacom from a “hold” rating to a “buy” rating and increased their target price for the stock from $33.00 to $35.00 in a report on Friday, March 29th. Zacks Investment Research downgraded Viacom from a “hold” rating to a “sell” rating in a report on Saturday, January 26th. ValuEngine downgraded Viacom from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Societe Generale downgraded Viacom from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Finally, Barrington Research raised Viacom from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $34.57.

NASDAQ:VIAB traded down $0.36 during trading hours on Thursday, reaching $30.18. 2,746,576 shares of the stock were exchanged, compared to its average volume of 5,437,196. The company has a quick ratio of 1.10, a current ratio of 1.31 and a debt-to-equity ratio of 1.12. Viacom has a 52 week low of $23.31 and a 52 week high of $34.44. The company has a market cap of $12.16 billion, a PE ratio of 7.33, a P/E/G ratio of 0.89 and a beta of 1.45.

Institutional investors have recently made changes to their positions in the business. Valley National Advisers Inc. raised its stake in Viacom by 66.4% during the 4th quarter. Valley National Advisers Inc. now owns 1,118 shares of the company’s stock valued at $29,000 after acquiring an additional 446 shares in the last quarter. Hancock Whitney Corp raised its stake in Viacom by 573.0% during the 4th quarter. Hancock Whitney Corp now owns 294,936 shares of the company’s stock valued at $7,579,000 after acquiring an additional 251,114 shares in the last quarter. Macquarie Group Ltd. raised its stake in Viacom by 1.5% during the 3rd quarter. Macquarie Group Ltd. now owns 321,544 shares of the company’s stock valued at $10,855,000 after acquiring an additional 4,700 shares in the last quarter. Virginia National Bank raised its stake in Viacom by 197.2% during the 4th quarter. Virginia National Bank now owns 212,470 shares of the company’s stock valued at $5,461,000 after acquiring an additional 140,990 shares in the last quarter. Finally, Suntrust Banks Inc. increased its position in shares of Viacom by 87.2% during the 4th quarter. Suntrust Banks Inc. now owns 23,529 shares of the company’s stock valued at $605,000 after purchasing an additional 10,962 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Viacom Company Profile

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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