Viacom (VIA) Issues Quarterly Earnings Results

Viacom (NASDAQ:VIA) announced its earnings results on Thursday. The company reported $1.03 earnings per share (EPS) for the quarter, Morningstar.com reports. Viacom had a net margin of 14.13% and a return on equity of 28.95%. The company had revenue of $3.07 billion for the quarter.

Shares of Viacom (VIA) opened at $38.85 on Friday. Viacom has a one year low of $28.20 and a one year high of $49.00. 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 stock has a market cap of $15,004.19, a price-to-earnings ratio of 8.32 and a beta of 1.39.

VIA has been the topic of several recent research reports. Loop Capital reaffirmed a “hold” rating and set a $27.00 target price (down previously from $28.00) on shares of Viacom in a research note on Wednesday, December 27th. Rosenblatt Securities reaffirmed a “sell” rating and set a $45.00 target price on shares of Viacom in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Viacom currently has a consensus rating of “Hold” and a consensus target price of $39.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN raised its holdings in shares of Viacom by 21.2% during the 2nd quarter. Wells Fargo & Company MN now owns 38,223 shares of the company’s stock worth $1,454,000 after acquiring an additional 6,689 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Viacom by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 68,229 shares of the company’s stock worth $2,597,000 after acquiring an additional 3,374 shares during the period. FMR LLC raised its holdings in shares of Viacom by 133.4% during the 2nd quarter. FMR LLC now owns 1,050,751 shares of the company’s stock worth $39,981,000 after acquiring an additional 600,581 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Viacom by 17.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 48,930 shares of the company’s stock worth $1,861,000 after acquiring an additional 7,198 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Viacom by 563.5% during the 2nd quarter. Vanguard Group Inc. now owns 191,623 shares of the company’s stock worth $7,291,000 after acquiring an additional 162,744 shares during the period. 2.40% of the stock is currently owned by institutional investors.

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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:VIA)

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