Wall Street brokerages expect Viacom, Inc. (NASDAQ:VIAB) to post sales of $3.14 billion for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Viacom’s earnings. The lowest sales estimate is $3.03 billion and the highest is $3.20 billion. Viacom reported sales of $3.26 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 3.7%. The firm is expected to report its next quarterly earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Viacom will report full-year sales of $3.14 billion for the current year, with estimates ranging from $12.70 billion to $13.71 billion. For the next year, analysts anticipate that the company will post sales of $13.30 billion per share, with estimates ranging from $12.91 billion to $13.81 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Viacom.

Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, February 8th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. Viacom had a net margin of 15.49% and a return on equity of 26.28%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the business posted $1.04 earnings per share. The company’s quarterly revenue was down 7.6% on a year-over-year basis.

A number of analysts have weighed in on the stock. Barclays set a $33.00 target price on shares of Viacom and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Viacom from a “sell” rating to a “hold” rating in a research report on Monday, November 20th. BidaskClub upgraded shares of Viacom from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Cowen restated a “neutral” rating on shares of Viacom in a research report on Friday, November 17th. Finally, Macquarie lowered shares of Viacom from a “neutral” rating to an “underperform” rating and set a $26.00 target price on the stock. in a research report on Tuesday, January 2nd. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the stock. Viacom currently has an average rating of “Hold” and a consensus price target of $34.77.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lehman Financial Resources Inc. bought a new position in Viacom during the fourth quarter worth $207,000. Hourglass Capital LLC bought a new position in Viacom during the fourth quarter worth $220,000. SeaCrest Wealth Management LLC bought a new position in Viacom during the fourth quarter worth $225,000. Lourd Capital LLC bought a new position in Viacom during the fourth quarter worth $252,000. Finally, Wealthstreet Investment Advisors LLC bought a new position in Viacom during the fourth quarter worth $260,000. 78.74% of the stock is owned by institutional investors and hedge funds.

Shares of Viacom (VIAB) traded up $0.16 during trading on Tuesday, reaching $32.87. 6,739,242 shares of the company’s stock were exchanged, compared to its average volume of 5,730,000. Viacom has a 1 year low of $22.13 and a 1 year high of $46.72. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.41 and a quick ratio of 1.30. The firm has a market capitalization of $13,520.00, a price-to-earnings ratio of 6.57, a P/E/G ratio of 1.14 and a beta of 1.54.

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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.

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Earnings History and Estimates for Viacom (NASDAQ:VIAB)

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