Wall Street brokerages expect Viacom, Inc. (NASDAQ:VIAB) to report sales of $3.15 billion for the current quarter, according to Zacks. Six analysts have made estimates for Viacom’s earnings. The highest sales estimate is $3.26 billion and the lowest is $3.06 billion. Viacom posted sales of $3.32 billion during the same quarter last year, which would indicate a negative year over year growth rate of 5.1%. The company is expected to announce its next quarterly earnings results before the market opens on Thursday, February 8th.
On average, analysts expect that Viacom will report full-year sales of $3.15 billion for the current financial year, with estimates ranging from $12.77 billion to $13.71 billion. For the next financial year, analysts forecast that the company will report sales of $13.33 billion per share, with estimates ranging from $12.91 billion to $13.81 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Viacom.
Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, November 16th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.09). Viacom had a net margin of 20.94% and a return on equity of 47.25%. The firm had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter last year, the business earned $1.54 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Wall Street Access Asset Management LLC raised its position in shares of Viacom by 1.1% during the 2nd quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock worth $212,000 after acquiring an additional 70 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Viacom by 0.7% during the 2nd quarter. Moors & Cabot Inc. now owns 20,990 shares of the company’s stock worth $703,000 after acquiring an additional 149 shares in the last quarter. Capital Guardian Trust Co. raised its position in shares of Viacom by 2.7% during the 2nd quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock worth $217,000 after acquiring an additional 168 shares in the last quarter. Empirical Finance LLC raised its position in shares of Viacom by 0.9% during the 2nd quarter. Empirical Finance LLC now owns 23,107 shares of the company’s stock worth $776,000 after acquiring an additional 213 shares in the last quarter. Finally, Sentry Investment Management LLC raised its position in shares of Viacom by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 26,322 shares of the company’s stock worth $884,000 after acquiring an additional 290 shares in the last quarter. 79.20% of the stock is currently owned by institutional investors and hedge funds.
Viacom (VIAB) opened at $31.19 on Wednesday. Viacom has a twelve month low of $22.13 and a twelve month high of $46.72. The company has a market capitalization of $12,750.00, a PE ratio of 6.69, a P/E/G ratio of 1.09 and a beta of 1.60. The company has a current ratio of 1.55, a quick ratio of 1.30 and a debt-to-equity ratio of 1.81.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, December 14th. Viacom’s dividend payout ratio (DPR) is presently 17.17%.
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.
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