Media coverage about Viacom (NASDAQ:VIAB) has been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Viacom earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 89 out of 100, meaning that recent press coverage is very likely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Viacom Inc. (VIAB) Short Interest Up 21.4% in June (americanbankingnews.com)
- Viacom Class B (NASDAQ:VIAB) Sellers Increased By 36.36% Their Shorts (ismboard.com)
- Were Analysts Bullish Viacom, Inc (campdesrecrues.com)
- Viacom Inc. (VIAB) Shares Sold by Highbridge Capital Management LLC (fumbleboard.com)
- Google, Microsoft among companies urging court to back gay workers – Nasdaq (nasdaq.com)
Shares of Viacom (VIAB) traded up 0.73% during mid-day trading on Wednesday, reaching $35.67. 1,157,618 shares of the company’s stock traded hands. Viacom has a 12-month low of $33.44 and a 12-month high of $46.72. The firm has a 50-day moving average of $35.40 and a 200 day moving average of $39.84. The company has a market cap of $14.33 billion, a P/E ratio of 11.79 and a beta of 1.53.
Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, May 4th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.20. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.03 billion. Viacom had a net margin of 9.32% and a return on equity of 32.00%. Viacom’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share. Equities analysts forecast that Viacom will post $3.87 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Tuesday, June 13th. Viacom’s dividend payout ratio is currently 26.40%.
Several brokerages have recently issued reports on VIAB. Jefferies Group LLC reissued a “buy” rating and set a $52.00 price objective on shares of Viacom in a research report on Monday, April 17th. J P Morgan Chase & Co reissued an “overweight” rating and set a $48.00 price objective on shares of Viacom in a research report on Monday, June 12th. Sanford C. Bernstein reissued an “underperform” rating and set a $29.00 price objective on shares of Viacom in a research report on Friday, June 16th. Rosenblatt Securities reissued an “underweight” rating on shares of Viacom in a research report on Friday, April 14th. Finally, Royal Bank Of Canada lowered their price objective on shares of Viacom from $35.00 to $30.00 and set an “underperform” rating for the company in a research report on Monday, May 15th. Six research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $43.23.
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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.
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