Equities Analysts Issue Forecasts for Viacom Inc.’s Q2 2018 Earnings (VIAB)

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.

Earnings History and Estimates for Viacom (NASDAQ:VIAB)

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