Analysts Anticipate Viacom, Inc. (VIAB) to Announce $1.06 Earnings Per Share

Brokerages expect Viacom, Inc. (NASDAQ:VIAB) to report $1.06 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Viacom’s earnings, with the highest EPS estimate coming in at $1.08 and the lowest estimate coming in at $1.04. Viacom posted earnings per share of $1.18 in the same quarter last year, which indicates a negative year-over-year growth rate of 10.2%. The company is expected to issue its next earnings report on Thursday, August 8th.

On average, analysts expect that Viacom will report full year earnings of $3.99 per share for the current fiscal year, with EPS estimates ranging from $3.64 to $4.15. For the next fiscal year, analysts forecast that the business will post earnings of $4.30 per share, with EPS estimates ranging from $4.05 to $4.58. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Viacom.

Viacom (NASDAQ:VIAB) last posted its earnings results on Friday, May 10th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.06 billion. Viacom had a net margin of 12.63% and a return on equity of 22.60%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 earnings per share.

A number of research firms recently issued reports on VIAB. BMO Capital Markets decreased their target price on shares of Viacom from $34.00 to $33.00 and set a “market perform” rating for the company in a research report on Thursday, May 16th. ValuEngine raised shares of Viacom from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. TheStreet raised shares of Viacom from a “c+” rating to a “b-” rating in a research report on Friday, April 26th. Royal Bank of Canada raised shares of Viacom from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $31.00 to $36.00 in a research report on Thursday, April 4th. Finally, Loop Capital raised shares of Viacom from a “hold” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $35.00 in a research report on Friday, March 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $34.47.

Several hedge funds have recently added to or reduced their stakes in VIAB. Pearl River Capital LLC acquired a new stake in shares of Viacom in the 4th quarter worth $26,000. Bruderman Asset Management LLC lifted its stake in shares of Viacom by 935.5% in the 4th quarter. Bruderman Asset Management LLC now owns 1,139 shares of the company’s stock worth $29,000 after acquiring an additional 1,029 shares during the period. Valley National Advisers Inc. lifted its stake in shares of Viacom by 66.4% in the 4th quarter. Valley National Advisers Inc. now owns 1,118 shares of the company’s stock worth $29,000 after acquiring an additional 446 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of Viacom in the first quarter valued at about $30,000. Finally, CWM LLC lifted its stake in shares of Viacom by 507.6% in the fourth quarter. CWM LLC now owns 1,197 shares of the company’s stock valued at $31,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 81.94% of the company’s stock.

NASDAQ VIAB traded down $0.61 on Thursday, reaching $28.20. 139,781 shares of the company’s stock traded hands, compared to its average volume of 4,012,767. The company has a market capitalization of $11.69 billion, a PE ratio of 6.83, a P/E/G ratio of 0.99 and a beta of 1.45. Viacom has a fifty-two week low of $23.31 and a fifty-two week high of $34.44. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.29 and a quick ratio of 1.07.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.84%. Viacom’s dividend payout ratio (DPR) is presently 19.42%.

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.

Featured Article: Capital gains and your 401(k) or IRA

Get a free copy of the Zacks research report on Viacom (VIAB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Viacom (NASDAQ:VIAB)

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.