Viacom, Inc. Class B (NASDAQ:VIAB) – Equities researchers at B. Riley reduced their FY2018 earnings per share estimates for Viacom, Inc. Class B in a note issued to investors on Tuesday, September 4th, according to Zacks Investment Research. B. Riley analyst B. Crockett now expects that the company will earn $4.11 per share for the year, down from their previous forecast of $4.16. B. Riley also issued estimates for Viacom, Inc. Class B’s Q4 2018 earnings at $0.98 EPS, Q1 2019 earnings at $1.22 EPS, Q2 2019 earnings at $0.90 EPS and Q4 2019 earnings at $1.09 EPS.

A number of other equities analysts have also recently commented on the stock. BidaskClub cut shares of Viacom, Inc. Class B from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 11th. TheStreet raised shares of Viacom, Inc. Class B from a “c+” rating to a “b-” rating in a research note on Friday, August 31st. ValuEngine raised shares of Viacom, Inc. Class B from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Barrington Research reissued a “hold” rating on shares of Viacom, Inc. Class B in a research note on Wednesday, August 15th. Finally, Pivotal Research raised shares of Viacom, Inc. Class B from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $34.00 to $32.00 in a research note on Tuesday, July 31st. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Viacom, Inc. Class B presently has an average rating of “Hold” and a consensus price target of $33.82.

NASDAQ VIAB traded down $0.03 on Friday, reaching $29.85. The company had a trading volume of 2,351,278 shares, compared to its average volume of 3,277,895. Viacom, Inc. Class B has a 12 month low of $22.13 and a 12 month high of $35.55. The company has a market cap of $11.94 billion, a P/E ratio of 7.60, a P/E/G ratio of 1.11 and a beta of 1.52. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.41 and a current ratio of 1.69.

Viacom, Inc. Class B (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 9th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.27 billion. Viacom, Inc. Class B had a net margin of 15.65% and a return on equity of 23.53%. Viacom, Inc. Class B’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS.

Several hedge funds have recently added to or reduced their stakes in VIAB. Mount Yale Investment Advisors LLC purchased a new position in shares of Viacom, Inc. Class B during the 1st quarter worth about $126,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Viacom, Inc. Class B by 36,808.3% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,429 shares of the company’s stock worth $134,000 after purchasing an additional 4,417 shares during the period. Financial Gravity Wealth Inc. purchased a new position in shares of Viacom, Inc. Class B during the 1st quarter worth about $197,000. Tocqueville Asset Management L.P. purchased a new position in shares of Viacom, Inc. Class B during the 2nd quarter worth about $227,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Viacom, Inc. Class B during the 1st quarter worth about $238,000. 79.09% of the stock is owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 17th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.68%. Viacom, Inc. Class B’s dividend payout ratio is presently 21.22%.

Viacom, Inc. Class B Company Profile

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

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Earnings History and Estimates for Viacom, Inc. Class B (NASDAQ:VIAB)

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