Viacom, Inc. Class B (VIAB) Expected to Post Quarterly Sales of $3.27 Billion

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Equities analysts expect Viacom, Inc. Class B (NASDAQ:VIAB) to report sales of $3.27 billion for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Viacom, Inc. Class B’s earnings, with the highest sales estimate coming in at $3.33 billion and the lowest estimate coming in at $3.17 billion. Viacom, Inc. Class B reported sales of $3.36 billion in the same quarter last year, which would suggest a negative year over year growth rate of 2.7%. The company is expected to report its next earnings report on Thursday, August 2nd.

On average, analysts expect that Viacom, Inc. Class B will report full-year sales of $12.94 billion for the current year, with estimates ranging from $12.81 billion to $13.05 billion. For the next fiscal year, analysts expect that the firm will report sales of $13.45 billion per share, with estimates ranging from $13.23 billion to $13.82 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Viacom, Inc. Class B.

Viacom, Inc. Class B (NASDAQ:VIAB) last issued its earnings results on Wednesday, April 25th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.13. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.04 billion. Viacom, Inc. Class B had a return on equity of 24.97% and a net margin of 16.74%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the company posted $0.79 EPS.

Several analysts recently issued reports on VIAB shares. Needham & Company LLC upgraded Viacom, Inc. Class B from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Thursday, March 15th. They noted that the move was a valuation call. Loop Capital started coverage on Viacom, Inc. Class B in a report on Thursday, March 15th. They issued a “hold” rating and a $33.00 price target for the company. Cfra reiterated a “hold” rating and issued a $35.00 price target on shares of Viacom, Inc. Class B in a report on Wednesday. Pivotal Research reiterated a “hold” rating and issued a $34.00 price target on shares of Viacom, Inc. Class B in a report on Tuesday, April 17th. Finally, Citigroup upgraded Viacom, Inc. Class B from a “sell” rating to a “neutral” rating in a report on Wednesday, March 28th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.33.

Several institutional investors have recently made changes to their positions in VIAB. Iridian Asset Management LLC CT bought a new position in shares of Viacom, Inc. Class B during the first quarter worth about $114,756,000. Kiltearn Partners LLP lifted its position in shares of Viacom, Inc. Class B by 93.2% during the fourth quarter. Kiltearn Partners LLP now owns 5,037,600 shares of the company’s stock worth $155,208,000 after purchasing an additional 2,429,600 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Viacom, Inc. Class B by 8,818.6% during the fourth quarter. Two Sigma Advisers LP now owns 1,613,372 shares of the company’s stock worth $49,708,000 after purchasing an additional 1,595,282 shares during the last quarter. BlackRock Inc. lifted its position in shares of Viacom, Inc. Class B by 4.6% during the first quarter. BlackRock Inc. now owns 24,302,435 shares of the company’s stock worth $754,833,000 after purchasing an additional 1,075,699 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in shares of Viacom, Inc. Class B by 478.0% during the first quarter. Lord Abbett & CO. LLC now owns 1,010,900 shares of the company’s stock worth $31,399,000 after purchasing an additional 836,000 shares during the last quarter. Institutional investors own 77.96% of the company’s stock.

Viacom, Inc. Class B traded down $0.10, hitting $29.89, during trading hours on Friday, according to MarketBeat Ratings. The company had a trading volume of 2,597,171 shares, compared to its average volume of 3,896,605. Viacom, Inc. Class B has a fifty-two week low of $22.13 and a fifty-two week high of $36.77. The company has a market cap of $11.95 billion, a P/E ratio of 7.93, a P/E/G ratio of 0.88 and a beta of 1.42. The company has a current ratio of 1.53, a quick ratio of 1.24 and a debt-to-equity ratio of 1.47.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.68%. Viacom, Inc. Class B’s dividend payout ratio is presently 21.22%.

About Viacom, Inc. Class B

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

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Earnings History and Estimates for Viacom, Inc. Class B (NASDAQ:VIAB)

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