Viacom, Inc. Stock Sinks on Earnings Miss

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Viacom Inc. had 111 analyst reports since August 7, 2015 according to SRatingsIntel.

Several brokerages have recently issued reports on VIAB.

Despite its poor earnings per share for the quarter, Viacom, Inc. did report revenue of $3.32 billion.

At Viacom, Inc. (VIAB), there are now 606 institutional holders with a total of 310,992,803 shares.

Davis, and Viacom CEO Bob Bakish said domestic affiliate revnue would return to growth in 2019 as Viacom regains distribution with Charter and laps renew rate resets and benefits from rate increases in the new distribution deals. Janney Montgomery Scott LLC now owns 42,988 shares of the company's stock worth $1,197,000 after purchasing an additional 6,527 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of Viacom by 18.1% in the third quarter.

Excluding special items, the company earned 77 cents per share.

At the moment, the top institutional investor at Viacom, Inc.

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Among 37 analysts covering Viacom Inc. VIAB stock acknowledged attractive focus from Investors and it has been trading on front line. 2,715,608 shares of the company's stock traded hands, compared to its average volume of 4,967,687. The firm's 50 day moving average is $36.74 and its 200-day moving average is $39.01.

At Viacom, Inc. (VIAB), the percentage of institutional ownership is now at 88.17% percent of its total shares outstanding, with the total value of institutional ownership at $7.7 billion.

Viacom Inc. has a 12-month low of $22.88 and a 12-month high of $46.72. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.65 by $0.04. During the same period in the prior year, the firm posted $1.54 earnings per share. Theatrical revenue was down 43 percent due to the strong performance previous year of Star Trek Beyond, while home entertainment revenue fell 5 percent. (NASDAQ:VIAB) to report earnings on Nov, 16 for the fiscal quarter ending Sep 2017.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, December 15th were given a dividend of $0.20 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.38%. Viacom's payout ratio is 21.98%.

During the call, Bakish laid out plans for growing Viacom but the short-term revenue news seemed to dominate analysts attention and led to Viacom stock falling more than 5% in Thursday morning trading. Jefferies Group reaffirmed a "buy" rating and issued a $44.00 target price on shares of Viacom in a research report on Thursday, January 5th. The rating was maintained by Credit Suisse on Friday, November 13 with "Outperform". On Friday, August 7 the stock rating was downgraded by Wells Fargo to "Outperform". Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the stock. Viacom now has a consensus rating of "Hold" and a consensus target price of $38.85.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Viacom Inc (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The results were dragged down by a $59-million expense due to the termination of an anticipated slate film financing deal with the Chinese firm Huahua Media.

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