Barrington Research Weighs in on Viacom, Inc.’s Q2 2018 Earnings (VIAB)
Viacom, Inc. (NASDAQ:VIAB) – Research analysts at Barrington Research lifted their Q2 2018 earnings per share estimates for shares of Viacom in a report issued on Monday. Barrington Research analyst J. Goss now forecasts that the company will earn $0.81 per share for the quarter, up from their previous estimate of $0.78. Barrington Research currently has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Viacom’s Q3 2018 earnings at $1.16 EPS, Q4 2018 earnings at $1.01 EPS, Q1 2019 earnings at $1.07 EPS, Q2 2019 earnings at $0.88 EPS, Q4 2019 earnings at $1.15 EPS and FY2019 earnings at $4.35 EPS.
A number of other brokerages have also recently issued reports on VIAB. Loop Capital dropped their price objective on Viacom from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, November 17th. KeyCorp reissued a “hold” rating on shares of Viacom in a report on Friday, November 24th. Pivotal Research reaffirmed a “hold” rating and issued a $25.00 price target on shares of Viacom in a report on Thursday, November 16th. Credit Suisse Group set a $38.00 price target on Viacom and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Royal Bank of Canada raised Viacom from an “underperform” rating to a “sector perform” rating and set a $35.00 price target on the stock in a report on Friday. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.35.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 EPS.
Several hedge funds and other institutional investors have recently made changes to their positions in VIAB. Thrivent Financial For Lutherans raised its holdings in shares of Viacom by 3.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,422 shares of the company’s stock valued at $450,000 after buying an additional 450 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Viacom by 172.1% during the 2nd quarter. Macquarie Group Ltd. now owns 36,681 shares of the company’s stock valued at $1,231,000 after buying an additional 23,200 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Viacom by 391.8% during the 2nd quarter. Janus Henderson Group PLC now owns 201,571 shares of the company’s stock valued at $6,767,000 after buying an additional 160,584 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Viacom by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 681,199 shares of the company’s stock valued at $22,868,000 after buying an additional 45,628 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Viacom by 36.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 33,302 shares of the company’s stock valued at $1,118,000 after buying an additional 8,932 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.
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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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