Analysts Anticipate Viacom, Inc. (VIAB) Will Announce Quarterly Sales of $3.14 Billion
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.
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.
WARNING: “Analysts Anticipate Viacom, Inc. (VIAB) Will Announce Quarterly Sales of $3.14 Billion” was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://theolympiareport.com/2018/02/12/analysts-anticipate-viacom-inc-viab-will-announce-quarterly-sales-of-3-14-billion.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Viacom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom and related companies with MarketBeat.com's FREE daily email newsletter.