Viacom Inc. (VIAB) Posts Earnings Results, Misses Estimates By $0.09 EPS

Viacom Inc. (NASDAQ:VIAB) posted its quarterly earnings data on Thursday. The company reported $0.77 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.09), RTT News reports. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The company had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the previous year, the firm earned $1.54 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis.

Shares of Viacom (NASDAQ VIAB) opened at $26.15 on Friday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.11 and a current ratio of 1.35. The firm has a market capitalization of $9,820.00, a price-to-earnings ratio of 6.65, a P/E/G ratio of 0.84 and a beta of 1.53. Viacom has a 12 month low of $22.13 and a 12 month high of $46.72.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, December 14th. Viacom’s dividend payout ratio is 22.10%.

VIAB has been the topic of a number of research analyst reports. Citigroup Inc. cut Viacom from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $33.00 to $24.00 in a report on Monday, October 9th. Wells Fargo & Company cut Viacom from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 5th. Morgan Stanley lowered their price target on Viacom from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, October 13th. Jefferies Group LLC reissued a “buy” rating and issued a $52.00 price target on shares of Viacom in a report on Thursday, August 3rd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $30.00 price target on shares of Viacom in a report on Wednesday, October 18th. Eight investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $36.96.

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About Viacom

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.

Earnings History for Viacom (NASDAQ:VIAB)

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