Zacks: Analysts Expect Viacom, Inc. (VIAB) to Post $1.02 EPS

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Wall Street analysts expect Viacom, Inc. (NASDAQ:VIAB) to report earnings per share (EPS) of $1.02 for the current quarter, Zacks reports. Four analysts have issued estimates for Viacom’s earnings. The lowest EPS estimate is $1.00 and the highest is $1.05. Viacom posted earnings per share of $1.03 during the same quarter last year, which indicates a negative year-over-year growth rate of 1%. The business is scheduled to issue its next earnings results before the market opens on Tuesday, February 5th.

According to Zacks, analysts expect that Viacom will report full-year earnings of $4.23 per share for the current fiscal year, with EPS estimates ranging from $4.16 to $4.28. For the next financial year, analysts forecast that the company will post earnings of $4.45 per share, with EPS estimates ranging from $4.23 to $4.65. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Viacom.

Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Friday, November 16th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.04. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.37 billion. Viacom had a net margin of 13.28% and a return on equity of 23.68%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share.

A number of research firms have recently weighed in on VIAB. Zacks Investment Research lowered shares of Viacom from a “hold” rating to a “sell” rating in a research note on Saturday. Societe Generale lowered shares of Viacom from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub lowered shares of Viacom from a “hold” rating to a “sell” rating in a research note on Thursday. Pivotal Research upgraded shares of Viacom from a “hold” rating to a “buy” rating and increased their price objective for the stock from $33.00 to $36.00 in a research note on Tuesday, January 15th. Finally, Imperial Capital upgraded shares of Viacom from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $30.00 to $37.00 in a research note on Friday, January 11th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the stock. Viacom presently has an average rating of “Hold” and an average price target of $34.68.

A number of hedge funds have recently added to or reduced their stakes in VIAB. Panagora Asset Management Inc. grew its position in shares of Viacom by 176.3% in the third quarter. Panagora Asset Management Inc. now owns 4,808,065 shares of the company’s stock valued at $162,320,000 after purchasing an additional 3,067,601 shares during the period. BlackRock Inc. grew its position in shares of Viacom by 7.5% in the third quarter. BlackRock Inc. now owns 27,312,498 shares of the company’s stock valued at $922,070,000 after purchasing an additional 1,911,462 shares during the period. Capital World Investors grew its position in shares of Viacom by 28.0% in the third quarter. Capital World Investors now owns 5,482,488 shares of the company’s stock valued at $185,089,000 after purchasing an additional 1,199,988 shares during the period. Renaissance Technologies LLC grew its position in shares of Viacom by 317.2% in the third quarter. Renaissance Technologies LLC now owns 914,100 shares of the company’s stock valued at $30,860,000 after purchasing an additional 695,000 shares during the period. Finally, Deutsche Bank AG grew its position in shares of Viacom by 54.8% in the third quarter. Deutsche Bank AG now owns 1,777,798 shares of the company’s stock valued at $60,013,000 after purchasing an additional 629,342 shares during the period. Institutional investors own 78.75% of the company’s stock.

Shares of NASDAQ:VIAB traded down $0.15 during midday trading on Tuesday, reaching $28.99. The company’s stock had a trading volume of 3,505,936 shares, compared to its average volume of 3,588,570. The firm has a market capitalization of $11.68 billion, a P/E ratio of 7.04, a PEG ratio of 1.10 and a beta of 1.41. Viacom has a twelve month low of $23.31 and a twelve month high of $34.58. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.50 and a quick ratio of 1.28.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.76%. Viacom’s dividend payout ratio is presently 19.42%.

Viacom Company Profile

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

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