Equities Analysts Set Expectations for Viacom, Inc.’s FY2020 Earnings (VIAB)

Viacom, Inc. (NASDAQ:VIAB) – Analysts at KeyCorp issued their FY2020 earnings estimates for Viacom in a report issued on Sunday, October 28th. KeyCorp analyst A. Hargreaves expects that the company will earn $4.38 per share for the year.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 9th. The company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.11. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.27 billion. Viacom had a return on equity of 23.53% and a net margin of 15.65%. The firm’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.17 EPS.

Several other research analysts have also recently issued reports on VIAB. TheStreet raised Viacom from a “c+” rating to a “b-” rating in a research note on Friday, August 31st. Pivotal Research raised Viacom from a “hold” rating to a “buy” rating and decreased their price target for the stock from $34.00 to $32.00 in a research note on Tuesday, July 31st. They noted that the move was a valuation call. B. Riley raised Viacom from a “neutral” rating to a “buy” rating and increased their price target for the stock from $34.00 to $39.00 in a research note on Wednesday, September 26th. Zacks Investment Research raised Viacom from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Friday, October 12th. Finally, BidaskClub raised Viacom from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating and six have issued a buy rating to the company’s stock. Viacom has an average rating of “Hold” and a consensus target price of $34.70.

Shares of VIAB opened at $31.98 on Wednesday. The firm has a market cap of $12.08 billion, a P/E ratio of 8.48, a P/E/G ratio of 1.05 and a beta of 1.49. The company has a quick ratio of 1.41, a current ratio of 1.69 and a debt-to-equity ratio of 1.42. Viacom has a 12 month low of $22.13 and a 12 month high of $35.55.

Institutional investors have recently made changes to their positions in the company. Mount Yale Investment Advisors LLC acquired a new stake in shares of Viacom in the first quarter valued at $126,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Viacom by 36,808.3% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,429 shares of the company’s stock valued at $134,000 after buying an additional 4,417 shares during the period. Northstar Group Inc. acquired a new stake in shares of Viacom in the third quarter valued at $220,000. Raymond James Trust N.A. acquired a new stake in shares of Viacom in the third quarter valued at $234,000. Finally, Tocqueville Asset Management L.P. acquired a new stake in shares of Viacom in the second quarter valued at $227,000. Institutional investors and hedge funds own 78.85% of the company’s stock.

Viacom Company Profile

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

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Earnings History and Estimates for Viacom (NASDAQ:VIAB)

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