Viacom Inc. (NASDAQ:VIAB) – Research analysts at KeyCorp issued their Q2 2018 earnings per share (EPS) estimates for shares of Viacom in a note issued to investors on Thursday. KeyCorp analyst A. Hargreaves forecasts that the company will post earnings per share of $0.79 for the quarter. KeyCorp also issued estimates for Viacom’s Q3 2018 earnings at $1.03 EPS.
VIAB has been the topic of several other research reports. UBS AG cut their target price on Viacom from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. Jefferies Group LLC reaffirmed a “buy” rating and set a $52.00 target price on shares of Viacom in a research note on Thursday, August 3rd. Deutsche Bank AG downgraded Viacom from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. Royal Bank Of Canada cut their target price on Viacom from $35.00 to $30.00 and set an “underperform” rating on the stock in a research note on Friday, May 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Viacom in a research note on Thursday, July 6th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company. Viacom has a consensus rating of “Hold” and an average target price of $42.40.
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Shares of Viacom (NASDAQ:VIAB) traded down 3.28% on Monday, reaching $29.76. The company had a trading volume of 4,030,185 shares. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of 9.84 and a beta of 1.57. Viacom has a 12 month low of $29.65 and a 12 month high of $46.72. The stock has a 50 day moving average price of $34.63 and a 200-day moving average price of $39.32.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.12. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. Viacom’s quarterly revenue was up 8.3% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.60%. Viacom’s dividend payout ratio is presently 21.98%.
Several institutional investors have recently bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in Viacom by 15.8% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,202 shares of the company’s stock valued at $103,000 after buying an additional 300 shares in the last quarter. First Personal Financial Services boosted its position in Viacom by 5.9% in the second quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock valued at $110,000 after buying an additional 182 shares in the last quarter. First Mercantile Trust Co. boosted its position in Viacom by 1.6% in the second quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock valued at $115,000 after buying an additional 54 shares in the last quarter. Fifth Third Bancorp boosted its position in Viacom by 9.4% in the first quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock valued at $122,000 after buying an additional 225 shares in the last quarter. Finally, Delta Asset Management LLC TN boosted its position in Viacom by 12.2% in the second quarter. Delta Asset Management LLC TN now owns 4,358 shares of the company’s stock valued at $146,000 after buying an additional 475 shares in the last quarter. 77.38% of the stock is owned by institutional investors and hedge funds.
Viacom Company Profile
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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