Analysts Set Expectations for Viacom Inc.’s Q1 2018 Earnings (VIAB)

Viacom Inc. (NASDAQ:VIAB) – Research analysts at Barrington Research issued their Q1 2018 EPS estimates for Viacom in a research note issued to investors on Thursday. Barrington Research analyst J. Goss anticipates that the firm will post earnings of $1.05 per share for the quarter. Barrington Research currently has a “Outperform” rating and a $55.00 price target on the stock. Barrington Research also issued estimates for Viacom’s Q3 2018 earnings at $1.37 EPS.

Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, February 9th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.20. The firm earned $3.32 billion during the quarter, compared to the consensus estimate of $3.18 billion. Viacom had a net margin of 10.94% and a return on equity of 33.25%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.18 earnings per share.

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Earnings History and Estimates for Viacom (NASDAQ:VIAB)

A number of other research analysts also recently weighed in on the company. Instinet restated a “neutral” rating and issued a $45.00 price target on shares of Viacom in a research note on Friday. Bank of America Corporation raised their price target on Viacom from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Friday. Barclays PLC downgraded Viacom from an “overweight” rating to an “equal weight” rating and set a $45.00 price target for the company. in a research note on Friday. Guggenheim lifted their target price on Viacom from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday. Finally, BMO Capital Markets lifted their target price on Viacom from $35.00 to $44.00 and gave the stock a “market perform” rating in a research note on Friday. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and ten have issued a buy rating to the company’s stock. Viacom currently has an average rating of “Hold” and an average price target of $42.73.

Viacom (NASDAQ:VIAB) traded up 1.10% during trading on Monday, reaching $43.93. 2,317,787 shares of the company’s stock were exchanged. The company has a market capitalization of $17.44 billion, a price-to-earnings ratio of 12.61 and a beta of 1.33. The stock’s 50-day moving average price is $39.80 and its 200-day moving average price is $38.65. Viacom has a 52-week low of $31.06 and a 52-week high of $46.69.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Monday, March 13th. Viacom’s dividend payout ratio is 22.92%.

In other Viacom news, Director Ronald L. Nelson acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, December 14th. The shares were bought at an average cost of $34.80 per share, with a total value of $696,000.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $696,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.36% of the stock is owned by insiders.

“Analysts Set Expectations for Viacom Inc.’s Q1 2018 Earnings (VIAB)” was first published by sleekmoney and is the property of of sleekmoney. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright law. The original version of this piece can be read at http://sleekmoney.com/analysts-set-expectations-for-viacom-inc-s-q1-2018-earnings-viab/1660486.html.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its position in Viacom by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 15,340 shares of the company’s stock worth $584,000 after buying an additional 40 shares during the period. Commerce Bank increased its position in Viacom by 1.0% in the third quarter. Commerce Bank now owns 5,856 shares of the company’s stock worth $223,000 after buying an additional 59 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Viacom by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,914 shares of the company’s stock worth $699,000 after buying an additional 83 shares during the period. Cim Investment Mangement Inc. increased its position in Viacom by 1.2% in the fourth quarter. Cim Investment Mangement Inc. now owns 10,199 shares of the company’s stock worth $358,000 after buying an additional 123 shares during the period. Finally, Leisure Capital Management increased its position in Viacom by 1.1% in the third quarter. Leisure Capital Management now owns 11,853 shares of the company’s stock worth $452,000 after buying an additional 128 shares during the period. 76.82% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:VIAB

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