Viacom, Inc. (NASDAQ:VIAB) has declined 29.97% since April 8, 2015 and is downtrending.
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Viacom reported adjusted earnings from continuing operations of $1.54 per share.
An uneven movie slate at Paramount also provided tough comps, as last year’s Transformers: Age of Extinction went on to gross $1.1B worldwide, about the combined effect of this year’s hits Terminator: Genisys and Mission Impossible: Rogue Nation. Quarterly revenues declined 5 per cent to $3.79 billion. During the same quarter in the previous year, Viacom posted $1.71 EPS. Shares of Viacom are down more than 34% in the year to date, while the S&P 500 index is up 0.78% in the year.
The big positive result came with double-digit percentage growth in affiliate and subscription video on demand affiliate revenues – up almost 15%.
Viacom’s stock has been dragged down in recent months by lower advertising results and softening ratings at its suite of cable channels. Pivotal Research reaffirmed a “buy” rating and set a $80.00 target price (down previously from $95.00) on shares of Viacom in a report on Monday, July 20th.
Viacom’s shares closed at $49.35 on Wednesday. “Year-to-Date the stock performance stands at -34.4%”.
The technical numbers for Viacom, Inc. are as follows: It has a simple moving average 50 of 6.70%, a 52 week high of -35.38%, and a 52 week low of 37.10%. (NASDAQ:VIAB) a near short term price target of $63.44. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $11.76. Worldwide ad sales dipped 1% in the period. The stock ended up at $48.4. 3,503,862 shares of the company’s stock traded hands.
Historically, Viacom Class A has been trading with a 52 week low of 38.06 and a 52 week of high 78.08.
The company cable advertising revenues were down 7%, though a bit better than expected, in part, due to a stronger scatter TV market for TV networks overall.
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Viacom Inc. (Viacom) is an entertainment content company that connects with audiences through compelling content across television, motion picture, online and mobile platforms in over 160 countries and territories. In September 2014, Viacom global Media Networks (VIMN), a division of Viacom Inc. acquired Channel 5 Broadcasting Limited from Northern & Shell Media Group.
