Brokerages Anticipate Viacom, Inc. (VIAB) Will Announce Quarterly Sales of $3.15 Billion

Galtero Lara
Enero 14, 2018

Shares of Viacom, Inc. (NASDAQ:VIAB) to announce $3.15 billion in sales for the current quarter, according to Zacks Investment Research. Strs Ohio now owns 304,539 shares of the company's stock worth $8,478,000 after purchasing an additional 75,000 shares during the last quarter. Ontario Teachers Pension Plan Board's holdings in Viacom were worth $1,340,000 as of its most recent SEC filing.

VIAB has been the subject of a number of research analyst reports. Wall Street Access Asset Management LLC boosted its holdings in shares of Viacom by 1.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 121,622 shares of the company's stock valued at $4,081,000 after acquiring an additional 5,839 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Viacom by 1,592.5% during the second quarter. The company has a quick ratio of 1.30, a current ratio of 1.55 and a debt-to-equity ratio of 1.81. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Viacom by 0.5% in the second quarter. BlackRock Inc. now owns 22,863,371 shares of the company's stock worth $767,522,000 after buying an additional 1,377,520 shares during the period. Marathon Trading Investment Management LLC bought a new position in shares of Viacom during the third quarter valued at approximately $237,000. Hedge funds and other institutional investors own 77.10% of the company's stock. Deutsche Bank downgraded Viacom, Inc.

Viacom (NASDAQ:VIAB) traded down $0.46 during midday trading on Wednesday, reaching $29.10. About 12.83 million shares traded or 116.25% up from the average. The stock's 50-day moving average price is $39.03 and its 200-day moving average price is $38.74. Viacom has a 1-year low of $22.13 and a 1-year high of $46.72. Raymond James Financial Services Advisors Inc. now owns 33,302 shares of the company's stock worth $1,118,000 after buying an additional 8,932 shares in the last quarter. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.86 by ($0.09). Viacom had a return on equity of 36.21% and a net margin of 11.52%. The business had revenue of $3.32 billion for the quarter, compared to analysts' expectations of $3.23 billion. During the same period in the prior year, the company earned $1.54 EPS. The firm's revenue for the quarter was up 2.9% compared to the same quarter past year. During the same quarter previous year, the business posted $1.54 EPS. Shareholders of record on Friday, December 15th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.37%. Viacom Inc shares are now trading up about 9.6% on the day.

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Several brokerages have recently weighed in on VIAB.

Viacom (NASDAQ:VIAB) was upgraded by equities researchers at BidaskClub from a "sell" rating to a "hold" rating in a report released on Saturday. Pivotal Research reiterated a "hold" rating and issued a $30.00 price target (up previously from $27.00) on shares of Viacom in a research note on Tuesday. Needham & Company LLC reissued a "hold" rating on shares of Viacom in a report on Tuesday, September 12th. Barrington Research cut shares of Viacom from an "outperform" rating to a "market perform" rating in a research note on Tuesday, January 2nd. Credit Suisse Group set a $38.00 price objective on shares of Viacom and gave the stock a "buy" rating in a report on Wednesday, November 1st. Six research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company's stock. Viacom has a consensus rating of "Hold" and a consensus target price of $35.04. The stock was purchased at an average cost of $34.80 per share, for a total transaction of $696,000.00. Institutional investors own 79.20% of the company's stock. The firm creates television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences, and other entertainment content for audiences.

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