Viacom Inc. (NASDAQ:VIAB) – Research analysts at Gabelli increased their FY2020 earnings per share (EPS) estimates for Viacom in a report released on Monday. Gabelli analyst B. Harriss now forecasts that the company will post earnings per share of $5.15 for the year, up from their prior estimate of $4.85.
A number of other equities research analysts have also recently commented on VIAB. Royal Bank Of Canada reissued a “sell” rating and issued a $30.00 price objective on shares of Viacom in a research note on Tuesday, June 6th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $48.00 price objective on shares of Viacom in a research note on Monday. ValuEngine cut shares of Viacom from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Viacom in a research note on Thursday, February 16th. Finally, FBR & Co reaffirmed a “hold” rating and set a $45.00 price target on shares of Viacom in a research note on Tuesday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating and ten have assigned a buy rating to the company. Viacom has an average rating of “Hold” and a consensus price target of $43.88.
Shares of Viacom (VIAB) traded down 1.27% during mid-day trading on Tuesday, hitting $35.63. 1,992,230 shares of the stock traded hands. Viacom has a 12-month low of $33.44 and a 12-month high of $46.72. The firm has a market cap of $14.31 billion, a price-to-earnings ratio of 11.78 and a beta of 1.53. The firm’s 50 day moving average price is $36.75 and its 200 day moving average price is $39.93.
Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, May 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.20. Viacom had a net margin of 9.32% and a return on equity of 32.00%. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.22%. Viacom’s dividend payout ratio is currently 26.40%.
Several hedge funds have recently bought and sold shares of the stock. Trexquant Investment LP increased its stake in 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 last quarter. FMR LLC increased its stake in 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 last quarter. Federated Investors Inc. PA increased its stake in 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 last quarter. TCW Group Inc. increased its stake in Viacom by 5.0% in the fourth quarter. TCW Group Inc. now owns 39,355 shares of the company’s stock worth $1,382,000 after buying an additional 1,879 shares during the last quarter. Finally, Investec Asset Management LTD increased its stake in Viacom by 25.0% in the fourth quarter. Investec Asset Management LTD now owns 49,967 shares of the company’s stock worth $1,754,000 after buying an additional 9,987 shares during the last quarter. Institutional investors own 77.13% of the company’s stock.
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.
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/fy2020-eps-estimates-for-viacom-inc-viab-increased-by-analyst/1905379.html
Receive News & Ratings for Viacom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. and related companies with MarketBeat.com's FREE daily email newsletter.