Jefferies Group Analysts Increase Earnings Estimates for Viacom Inc. (VIAB)

Viacom Inc. (NASDAQ:VIAB) – Research analysts at Jefferies Group boosted their Q3 2017 earnings per share estimates for shares of Viacom in a report released on Thursday. Jefferies Group analyst J. Janedis now expects that the firm will earn $1.09 per share for the quarter, up from their previous forecast of $1.04. Jefferies Group currently has a “Buy” rating and a $44.00 price target on the stock. Jefferies Group also issued estimates for Viacom’s Q4 2017 earnings at $1.03 EPS, FY2017 earnings at $3.74 EPS, Q1 2018 earnings at $1.03 EPS, Q3 2018 earnings at $1.11 EPS, Q4 2018 earnings at $1.07 EPS, FY2018 earnings at $3.80 EPS and FY2019 earnings at $3.85 EPS.

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

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Earnings History and Estimates for Viacom (NASDAQ:VIAB)

A number of other equities analysts also recently issued reports on the stock. Wunderlich cut their price target on shares of Viacom from $65.00 to $56.00 and set a “buy” rating for the company in a report on Friday, October 21st. Brean Capital downgraded shares of Viacom from a “buy” rating to a “hold” rating in a report on Monday, November 14th. Wedbush reiterated an “outperform” rating and issued a $46.00 price target on shares of Viacom in a report on Thursday, November 10th. Wells Fargo & Company reiterated a “market perform” rating on shares of Viacom in a report on Wednesday, November 2nd. Finally, Royal Bank Of Canada downgraded shares of Viacom from a “sector perform” rating to an “underperform” rating and cut their price target for the company from $44.00 to $30.00 in a report on Tuesday, December 13th. Four equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $42.99.

Viacom (NASDAQ:VIAB) opened at 43.65 on Friday. The firm has a 50-day moving average of $39.55 and a 200 day moving average of $38.77. Viacom has a 12-month low of $33.51 and a 12-month high of $46.69. The firm has a market capitalization of $17.32 billion, a price-to-earnings ratio of 12.07 and a beta of 1.33.

Several hedge funds have recently modified their holdings of VIAB. Elkfork Partners LLC bought a new stake in shares of Viacom during the fourth quarter worth about $480,000. Gabelli Funds LLC raised its stake in shares of Viacom by 5.6% in the fourth quarter. Gabelli Funds LLC now owns 190,000 shares of the company’s stock worth $6,669,000 after buying an additional 10,000 shares during the period. Trexquant Investment LP raised its stake in shares of Viacom by 89.2% in the fourth quarter. Trexquant Investment LP now owns 47,100 shares of the company’s stock worth $1,653,000 after buying an additional 22,200 shares during the period. FMR LLC raised its stake in shares of Viacom by 8.8% in the fourth quarter. FMR LLC now owns 6,843,184 shares of the company’s stock worth $240,196,000 after buying an additional 553,609 shares during the period. Finally, Federated Investors Inc. PA raised its stake in shares of Viacom by 5.9% in the fourth quarter. Federated Investors Inc. PA now owns 888,492 shares of the company’s stock worth $31,187,000 after buying an additional 49,696 shares during the period. Institutional investors and hedge funds own 77.10% of the company’s stock.

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In related news, Director Ronald L. Nelson purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 14th. The stock was acquired at an average price of $34.80 per share, for a total transaction of $696,000.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at $696,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by insiders.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Wednesday, March 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.83%. Viacom’s dividend payout ratio (DPR) is presently 22.92%.

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.

5 Day Chart for NASDAQ:VIAB

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