Analysts had an estimated revenue of $3.03B.
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Several other research firms have also recently weighed in on VIAB.
Viacom, Inc. NASDAQ:VIAB has a 50 day moving average of 42.30 United States dollars and the 200 Day Moving Average price is recorded at 41.71 USD. Jefferies Group reissued a buy rating on shares of Viacom in a report on Friday, June 10th. Wells Fargo & Co. reissued an “underperform” rating and set a $35.00 price target on shares of Viacom in a research report on Thursday. The company has a consensus rating of “Hold” and a consensus price target of $44.28. Finally, Nomura began coverage on Viacom in a report on Wednesday, June 22nd. Credit ratings downgrades make it more expensive for companies to borrow money. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $44.59.
Viacom (NASDAQ:VIAB) opened at 35.82 on Thursday. The stock had a trading volume of 1,562,563 shares.
The 52 week high of Viacom, Inc.’s shares is 53.35 whilst the 52 week low for shares in the company is 30.11. Market capitalisation for NASDAQ:VIAB is $14,383,384,188.00 Dollars. VIAB has recorded a 50-day average of $40.37 and a two hundred day average of $41.43. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of USA and worldwide copyright law. (NASDAQ:VIAB) traded -0.64% lower on the day. For the reporting quarter, equity analysts expect the stock to deliver $0.89 in earnings per share (EPS). The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Viacom’s revenue was up 1.6% compared to the same quarter previous year. During the same period previous year, the firm posted $1.47 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.22%. The dividend payable date has been fixed on Oct 3, 2016. Viacom’s dividend payout ratio (DPR) is now 30.83%.
Large investors have recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Viacom by 104.1% in the first quarter. Stratos Wealth Partners LTD. now owns 13,471 shares of the company’s stock valued at $556,000 after buying an additional 2,584 shares during the last quarter. Legal & General Group Plc increased its position in shares of Viacom by 2.8% in the first quarter. PGGM Investments now owns 230,024 shares of the company’s stock valued at $9,495,000 after buying an additional 5,579 shares in the last quarter. Vanguard Group Inc. now owns 21,469,806 shares of the company’s stock worth $890,352,000 after buying an additional 1,007,008 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Viacom during the first quarter valued at about $18,260,000. Earnings per share were $1.05. Finally, Cornerstone Financial Partners LLC raised its stake in shares of Viacom by 263.8% in the first quarter. Capital Research Global Investors now owns 42,454,768 shares of the company’s stock worth $1,760,599,000 after buying an additional 1,118,815 shares during the period.
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Viacom is home to premier global media brands that create compelling television programs, motion pictures, short-form content, apps, games, consumer products, social media experiences, and other entertainment content for audiences in 180 countries.
