Viacom (NASDAQ:VIAB) announced its quarterly earnings results on Thursday. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.09, Bloomberg Earnings reports. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.14 billion. Viacom had a return on equity of 28.95% and a net margin of 14.13%. The firm’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 EPS.
Shares of Viacom (NASDAQ VIAB) traded down $1.02 during mid-day trading on Friday, hitting $31.69. The company had a trading volume of 1,085,959 shares, compared to its average volume of 5,688,491. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.55 and a quick ratio of 1.30. Viacom has a 1-year low of $22.13 and a 1-year high of $46.72. The company has a market cap of $13,470.00, a P/E ratio of 6.54, a price-to-earnings-growth ratio of 1.06 and a beta of 1.54.
Several hedge funds have recently modified their holdings of the stock. Arizona State Retirement System raised its stake in shares of Viacom by 2.2% in the 4th quarter. Arizona State Retirement System now owns 89,394 shares of the company’s stock valued at $2,754,000 after acquiring an additional 1,911 shares in the last quarter. Lehman Financial Resources Inc. bought a new position in shares of Viacom in the 4th quarter valued at approximately $207,000. First Allied Advisory Services Inc. raised its stake in shares of Viacom by 209.8% in the 4th quarter. First Allied Advisory Services Inc. now owns 24,370 shares of the company’s stock valued at $749,000 after acquiring an additional 16,503 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of Viacom by 2,054.3% in the 4th quarter. Global X Management Co. LLC now owns 36,559 shares of the company’s stock valued at $1,126,000 after acquiring an additional 34,862 shares in the last quarter. Finally, Olstein Capital Management L.P. raised its stake in shares of Viacom by 12.4% in the 4th quarter. Olstein Capital Management L.P. now owns 288,935 shares of the company’s stock valued at $8,902,000 after acquiring an additional 31,935 shares in the last quarter. 78.74% of the stock is currently owned by institutional investors and hedge funds.
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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