Viacom (VIA) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Viacom (NASDAQ:VIA) announced its earnings results on Wednesday. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.13, MarketWatch Earnings reports. Viacom had a return on equity of 26.28% and a net margin of 15.49%.

Shares of VIA stock traded up $1.30 on Wednesday, hitting $36.95. 25,228 shares of the stock were exchanged, compared to its average volume of 39,837. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.14 and a current ratio of 1.41. The company has a market capitalization of $14,484.28, a price-to-earnings ratio of 9.57 and a beta of 1.26. Viacom has a one year low of $28.20 and a one year high of $45.40.

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The company also recently declared a quarterly dividend, which was paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 15th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.17%.



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

Several hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System boosted its stake in Viacom by 24.3% in the 4th quarter. California Public Employees Retirement System now owns 7,283 shares of the company’s stock worth $254,000 after purchasing an additional 1,425 shares during the period. Janney Montgomery Scott LLC boosted its stake in Viacom by 13.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 15,895 shares of the company’s stock worth $583,000 after purchasing an additional 1,850 shares during the period. Dimensional Fund Advisors LP boosted its stake in Viacom by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 70,190 shares of the company’s stock worth $2,576,000 after purchasing an additional 1,961 shares during the period. Deutsche Bank AG boosted its stake in Viacom by 58.3% in the 4th quarter. Deutsche Bank AG now owns 7,170 shares of the company’s stock worth $248,000 after purchasing an additional 2,642 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Viacom by 6.5% in the 4th quarter. Bank of New York Mellon Corp now owns 52,422 shares of the company’s stock worth $1,830,000 after purchasing an additional 3,203 shares during the period. Institutional investors own 2.32% of the company’s stock.

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About Viacom

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.

Earnings History for Viacom (NASDAQ:VIA)

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