Q4 2017 EPS Estimates for Viacom Inc. (VIAB) Reduced by Analyst

Viacom Inc. (NASDAQ:VIAB) – Research analysts at FBR & Co decreased their Q4 2017 earnings per share estimates for Viacom in a research report issued on Tuesday. FBR & Co analyst B. Crockett now expects that the company will post earnings of $0.92 per share for the quarter, down from their previous estimate of $0.94. FBR & Co also issued estimates for Viacom’s FY2018 earnings at $3.79 EPS.

Several other research analysts have also issued reports on VIAB. BidaskClub lowered Viacom from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 5th. Morgan Stanley reiterated an “overweight” rating on shares of Viacom in a report on Thursday, July 6th. Cowen and Company reiterated a “hold” rating and issued a $41.00 price target on shares of Viacom in a report on Tuesday, July 11th. Zacks Investment Research upgraded Viacom from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Thursday, July 13th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $52.00 price target on shares of Viacom in a report on Thursday, August 3rd. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company. Viacom has an average rating of “Hold” and a consensus target price of $38.96.

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Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, topping the 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 business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter last year, the business posted $1.05 EPS. The business’s revenue was up 8.3% on a year-over-year basis.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. increased its position in shares of Viacom by 1.6% in the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock valued at $115,000 after acquiring an additional 54 shares during the period. Wall Street Access Asset Management LLC increased its position in shares of Viacom by 1.1% in the 2nd quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock valued at $212,000 after acquiring an additional 70 shares during the period. Boston Private Wealth LLC increased its position in shares of Viacom by 1.8% in the 2nd quarter. Boston Private Wealth LLC now owns 6,093 shares of the company’s stock valued at $205,000 after acquiring an additional 108 shares during the period. Moors & Cabot Inc. increased its position in shares of Viacom by 0.7% in the 2nd quarter. Moors & Cabot Inc. now owns 20,990 shares of the company’s stock valued at $703,000 after acquiring an additional 149 shares during the period. Finally, Capital Guardian Trust Co. increased its position in shares of Viacom by 2.7% in the 2nd quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock valued at $217,000 after acquiring an additional 168 shares during the period. 79.11% of the stock is currently owned by hedge funds and other institutional investors.

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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