Equities analysts expect that Viacom, Inc. (NASDAQ:VIAB) will announce $3.09 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Viacom’s earnings. The highest sales estimate is $3.21 billion and the lowest is $3.02 billion. Viacom reported sales of $3.15 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 1.9%. The company is expected to announce its next quarterly earnings results on Wednesday, April 24th.
On average, analysts expect that Viacom will report full-year sales of $13.10 billion for the current financial year, with estimates ranging from $12.88 billion to $13.31 billion. For the next year, analysts anticipate that the business will post sales of $13.56 billion, with estimates ranging from $13.31 billion to $13.97 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Viacom.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Tuesday, February 5th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.10. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Viacom had a net margin of 11.60% and a return on equity of 23.34%. Viacom’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 EPS.
Several equities analysts have issued reports on VIAB shares. Zacks Investment Research upgraded shares of Viacom from a “sell” rating to a “hold” rating in a research note on Saturday, February 9th. BidaskClub cut shares of Viacom from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 14th. Citigroup upped their target price on shares of Viacom from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, November 21st. Imperial Capital upgraded shares of Viacom from an “in-line” rating to an “outperform” rating and upped their target price for the company from $30.00 to $37.00 in a research note on Friday, January 11th. Finally, B. Riley lowered their target price on shares of Viacom from $39.00 to $30.00 in a research note on Friday, December 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.71.
VIAB remained flat at $$29.19 during midday trading on Friday. 3,573,334 shares of the company’s stock traded hands, compared to its average volume of 4,326,242. The company has a quick ratio of 1.10, a current ratio of 1.31 and a debt-to-equity ratio of 1.12. The company has a market cap of $11.76 billion, a PE ratio of 7.08, a P/E/G ratio of 0.84 and a beta of 1.48. Viacom has a 1-year low of $23.31 and a 1-year high of $34.50.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, March 14th. Viacom’s dividend payout ratio (DPR) is presently 19.42%.
Large investors have recently modified their holdings of the company. Pearl River Capital LLC bought a new position in shares of Viacom in the 4th quarter worth approximately $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 purchasing an additional 1,029 shares during the period. CWM LLC lifted its stake in shares of Viacom by 507.6% in the 4th quarter. CWM LLC now owns 1,197 shares of the company’s stock worth $31,000 after purchasing an additional 1,000 shares during the period. Clarus Wealth Advisors lifted its stake in shares of Viacom by 3,279.5% in the 4th quarter. Clarus Wealth Advisors now owns 1,487 shares of the company’s stock worth $38,000 after purchasing an additional 1,443 shares during the period. Finally, Advisory Services Network LLC lifted its stake in shares of Viacom by 189.2% in the 4th quarter. Advisory Services Network LLC now owns 1,605 shares of the company’s stock worth $41,000 after purchasing an additional 1,050 shares during the period. Hedge funds and other institutional investors own 80.62% of the company’s stock.
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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