Viacom (VIA) Issues Quarterly Earnings Results

Viacom (NASDAQ:VIA) posted its quarterly earnings results on Thursday. The company reported $1.03 earnings per share (EPS) for the quarter, Morningstar.com reports. Viacom had a return on equity of 28.95% and a net margin of 14.13%.

Viacom (NASDAQ VIA) traded down $1.80 during mid-day trading on Friday, reaching $37.20. The company’s stock had a trading volume of 24,606 shares, compared to its average volume of 54,303. Viacom has a 1 year low of $28.20 and a 1 year high of $49.00. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55. The stock has a market capitalization of $15,004.19, a P/E ratio of 9.89 and a beta of 1.39.

A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its stake in Viacom by 31.3% during the second quarter. Public Employees Retirement System of Ohio now owns 4,386 shares of the company’s stock valued at $167,000 after buying an additional 1,046 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Viacom by 24.3% in the fourth quarter. California Public Employees Retirement System now owns 7,283 shares of the company’s stock valued at $254,000 after purchasing an additional 1,425 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Viacom by 11.0% during the second quarter. Goldman Sachs Group Inc. now owns 14,489 shares of the company’s stock worth $551,000 after acquiring an additional 1,431 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Viacom by 13.2% during the third quarter. Janney Montgomery Scott LLC now owns 15,895 shares of the company’s stock worth $583,000 after acquiring an additional 1,850 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Viacom by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 70,190 shares of the company’s stock worth $2,576,000 after acquiring an additional 1,961 shares in the last quarter. 2.40% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on VIA shares. Loop Capital reissued a “hold” rating and set a $27.00 price target (down previously from $28.00) on shares of Viacom in a research report on Wednesday, December 27th. Rosenblatt Securities reissued a “sell” rating and set a $45.00 price target on shares of Viacom in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Viacom has a consensus rating of “Hold” and a consensus target price of $39.00.

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About Viacom

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 for Viacom (NASDAQ:VIA)

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