News coverage about Viacom (NASDAQ:VIAB) has trended positive this week, Alpha One reports. The research group, a division of Accern, rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Viacom earned a media sentiment score of 0.36 on Alpha One’s scale. Alpha One also gave news headlines about the company an impact score of 85 out of 100, meaning that recent press coverage is very likely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Alpha One’s scoring:
- Gabelli Equities Analysts Decrease Earnings Estimates for Viacom, Inc. (VIAB) (forextv.com)
- ETFs with exposure to Viacom, Inc. : May 19, 2017 (finance.yahoo.com)
- Do Options Traders Know Something About Viacom (VIAB) Stock We Don’t? – Nasdaq (nasdaq.com)
- A Look at Price Fluctuation of Viacom Inc Cl B (NASDAQ:VIAB) – ExpertGazette (expertgazette.com)
- Musical.ly Talking With Viacom, NBC for Original Shows (finance.yahoo.com)
A number of research analysts have recently issued reports on the stock. Rosenblatt Securities initiated coverage on shares of Viacom in a research note on Wednesday, April 5th. They set a “neutral” rating and a $45.00 price target on the stock. FBR & Co upped their target price on shares of Viacom from $45.00 to $48.00 and gave the stock a “mkt perform” rating in a research report on Monday, April 10th. Instinet restated a “neutral” rating and set a $45.00 target price (up from $40.00) on shares of Viacom in a research report on Thursday, February 16th. Needham & Company LLC restated a “hold” rating on shares of Viacom in a research report on Thursday, February 16th. Finally, Bank of America Corp upped their target price on shares of Viacom from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, February 10th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.95.
Shares of Viacom (NASDAQ:VIAB) opened at 35.20 on Friday. The stock has a 50 day moving average of $40.89 and a 200 day moving average of $40.17. Viacom has a 52-week low of $33.44 and a 52-week high of $46.72. The firm has a market cap of $14.14 billion, a price-to-earnings ratio of 11.64 and a beta of 1.33.
Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.20. Viacom had a return on equity of 33.25% and a net margin of 10.94%. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the firm posted $0.76 EPS. The business’s revenue was up 8.5% on a year-over-year basis. Equities analysts predict that Viacom will post $3.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Tuesday, June 13th. Viacom’s dividend payout ratio (DPR) is currently 22.92%.
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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