Viacom (VIA) Releases Quarterly Earnings Results

Viacom (NASDAQ:VIA) posted its quarterly earnings results on Thursday, February 8th. The company reported $1.03 earnings per share (EPS) for the quarter, Morningstar.com reports. The business had revenue of $3.07 billion for the quarter. Viacom had a return on equity of 26.28% and a net margin of 15.49%.

Viacom (VIA) traded up $0.10 during trading hours on Friday, hitting $39.35. The stock had a trading volume of 39,500 shares, compared to its average volume of 53,421. Viacom has a 12 month low of $28.20 and a 12 month high of $49.00. The company has a market capitalization of $15,788.59, a PE ratio of 10.44 and a beta of 1.39. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.14 and a current ratio of 1.41.

Several brokerages have weighed in on VIA. Loop Capital reaffirmed a “hold” rating and issued a $27.00 target price (down from $28.00) on shares of Viacom in a research report on Wednesday, December 27th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $45.00 target price on shares of Viacom in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $39.00.

A number of hedge funds have recently made changes to their positions in the stock. Gabelli Funds LLC boosted its stake in Viacom by 0.7% during the fourth quarter. Gabelli Funds LLC now owns 1,870,747 shares of the company’s stock valued at $65,289,000 after buying an additional 13,326 shares in the last quarter. FMR LLC boosted its stake in Viacom by 133.4% during the second quarter. FMR LLC now owns 1,050,751 shares of the company’s stock valued at $39,981,000 after buying an additional 600,581 shares in the last quarter. BlackRock Inc. boosted its stake in Viacom by 6.6% during the fourth quarter. BlackRock Inc. now owns 229,391 shares of the company’s stock valued at $8,007,000 after buying an additional 14,274 shares in the last quarter. Vanguard Group Inc. boosted its stake in Viacom by 563.5% during the second quarter. Vanguard Group Inc. now owns 191,623 shares of the company’s stock valued at $7,291,000 after buying an additional 162,744 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Viacom by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 70,190 shares of the company’s stock valued at $2,576,000 after buying an additional 1,961 shares in the last quarter. 2.37% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History for Viacom (NASDAQ:VIA)

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