Published: Wed, January 17, 2018
Culture&Arts | By Laurence Reese

$1.00 EPS Expected for Viacom, Inc. (VIAB)

$1.00 EPS Expected for Viacom, Inc. (VIAB)

Horan Capital Advisors Llc sold 31,775 shares as Viacom Inc New (VIAB)'s stock declined 19.98%. (NASDAQ:VIAB) from a neutral rating to a buy rating in a report issued on Monday. To forecast a stock's future performance, analysts use momentum indicators, which take into account the size and speed of these price movements.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zacks Investment Research cut shares of Viacom from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 3rd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Viacom in a research report on Friday, October 13th. Sanford C. Bernstein restated an underperform rating and set a $31.00 target price on shares of Viacom in a research report on Thursday, November 10th. Credit Suisse Group set a $38.00 price target on shares of Viacom and gave the stock a "buy" rating in a research report on Wednesday, November 1st. Loop Capital reiterated a "hold" rating and set a $28.00 price target on shares of Viacom in a research report on Wednesday, December 27th. Seven investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the company. About 12.83 million shares traded or 118.36% up from the average. Viacom has a fifty-two week low of $22.13 and a fifty-two week high of $46.72. The company has a market capitalization of $12,870.00, a PE ratio of 6.73, a P/E/G ratio of 1.19 and a beta of 1.60. Now the price is sitting at 11.22% higher than its 50 days moving average.

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Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, November 16th. Moreover, Staley Capital Advisers Inc has 0.01% invested in the company for 60,000 shares. Taking short look on returns of the firm, net profit margin recorded as 45.80% while operating profit margin was -15.40%, whereas price to sale ratio stands at 2.29 and it indicates how much investor paid for a share compared to the sales a company generated per share. According to their predictions high & low revenue estimates are 3.37 Billion and 3.06 Billion respectively. Viacom's revenue was up 2.9% compared to the same quarter previous year. This represents a $0.80 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Thursday, December 14th. Viacom, Inc. (NASDAQ:VIAB) has declined 8.36% since January 17, 2017 and is downtrending. After having $0.77 EPS previously, Viacom, Inc.'s analysts see 29.87 % EPS growth. About 20,000 shares traded. Capital International Investors now owns 8,761,721 shares of the company's stock worth $243,926,000 after purchasing an additional 1,418,000 shares during the last quarter. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Insider ownership increased by a total of 0 shares, which suggests that VIAB's key executives are feeling more optimistic about the outlook for the stock. Viacom, Inc. (NASDAQ:VIAB) has a 20-Day average volume of 5.58 Million. Wall Street Access Asset Management LLC now owns 6,315 shares of the company's stock worth $212,000 after acquiring an additional 70 shares during the period. AXA now owns 1,389,850 shares of the company's stock valued at $38,693,000 after buying an additional 403,920 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Viacom by 28.9% during the second quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Viacom by 13.0% during the 2nd quarter. The shares price has positioned -3.50% over the past quarter while it has directed 2.30% throughout past six months.

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TRADEMARK VIOLATION NOTICE: "Short Interest in Viacom, Inc". Viacom's media networks, including Nickelodeon, Comedy Central, MTV, VH1, Spike, BET, CMT, TV Land, Nick at Nite, Nick Jr., Logo, Nicktoons, TeenNick, Channel 5 (UK), Telefe (Argentina) and Paramount Channel, reach over 3.9 billion cumulative television subscribers worldwide.

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