Jefferies Group Brokers Decrease Earnings Estimates for Viacom Inc. (VIAB)

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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Other equities analysts have also recently issued research reports about the company. B. Riley restated a “neutral” rating on shares of Viacom in a report on Wednesday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Viacom in a report on Tuesday, September 12th. Wells Fargo & Company cut Viacom from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 5th. BidaskClub cut Viacom from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Finally, Loop Capital dropped their price objective on Viacom from $32.00 to $27.00 and set a “hold” rating for the company in a report on Friday. Eight analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company’s stock. Viacom has a consensus rating of “Hold” and a consensus price target of $36.96.

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.

Earnings History and Estimates for Viacom (NASDAQ:VIAB)

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