Viacom Inc. (NASDAQ:VIAB) – Investment analysts at Jefferies Group cut their Q1 2018 earnings per share (EPS) estimates for shares of Viacom in a research note issued on Thursday. Jefferies Group analyst J. Janedis now forecasts that the company will post earnings per share of $0.91 for the quarter, down from their previous forecast of $0.97. Jefferies Group has a “Buy” rating and a $43.00 price objective on the stock. Jefferies Group also issued estimates for Viacom’s Q2 2018 earnings at $0.69 EPS, Q3 2018 earnings at $1.00 EPS, FY2018 earnings at $3.72 EPS, Q1 2019 earnings at $0.91 EPS and Q2 2019 earnings at $0.71 EPS.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.09). Viacom had a net margin of 14.13% and a return on equity of 28.95%. The business had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the previous year, the firm earned $1.54 EPS. Viacom’s revenue was up 2.9% compared to the same quarter last year.
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Viacom (NASDAQ:VIAB) opened at $26.15 on Monday. Viacom has a 1-year low of $22.13 and a 1-year high of $46.72. The company has a current ratio of 1.55, a quick ratio of 1.30 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $10,516.20, a price-to-earnings ratio of 6.94, a P/E/G ratio of 0.90 and a beta of 1.54.
A number of institutional investors have recently bought and sold shares of the business. Gyroscope Capital Management Group LLC purchased a new stake in Viacom during the 3rd quarter valued at about $5,563,000. Belpointe Asset Management LLC purchased a new stake in Viacom during the 3rd quarter valued at about $945,000. IFM Investors Pty Ltd purchased a new stake in Viacom during the 3rd quarter valued at about $269,000. California Public Employees Retirement System grew its stake in Viacom by 5.9% during the 3rd quarter. California Public Employees Retirement System now owns 1,111,974 shares of the company’s stock valued at $30,957,000 after purchasing an additional 62,056 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Viacom by 17.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 42,988 shares of the company’s stock valued at $1,197,000 after purchasing an additional 6,527 shares during the last quarter. Institutional investors and hedge funds own 76.33% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.80 annualized dividend and a yield of 3.06%. Viacom’s payout ratio is presently 17.13%.
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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