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Viacom Inc. (NASDAQ:VIAB) To Report Earnings

Viacom Inc. (NASDAQ:VIAB) To Report Earnings

Last month, Viacom reached a deal with Charter Communications (CHTR.O) to put eight of its most popular networks in Charter's cheapest US cable bundle, after Charter had put some channels in its more expensive packages. The return on assets ratio shows how well management is employing the company's total assets to make a profit. Viacom Inc. The stock has a market cap of $9,868.74, a price-to-earnings ratio of 6.65, a P/E/G ratio of 0.84 and a beta of 1.54.

Several other institutional investors also recently made changes to their positions in the stock.

Viacom Inc. said ratings gains at its core TV networks helped it halt a yearslong slide in domestic advertising revenue in the most recent quarter. First Mercantile Trust Co. lifted its holdings in shares of Viacom by 1.6% in the second quarter. The company's a year ago sales total was 3.23 Million. Vanguard Group Inc is the second biggest holder with 29 million shares now valued at 972.33 million whilst Capital World Investors has 16 million shares valued at 534.40 million. Finally, Delta Asset Management LLC TN increased its holdings in Viacom by 12.2% in the 2nd quarter.

However, Viacom shares declined 4.5% in late morning trading on a grim outlook for the fees the company's cable channels receive from pay-TV distributors. Barclays PLC set a $37.00 price target on shares of Viacom and gave the company an "equal weight" rating in a research report on Friday, August 4th.

ILLEGAL ACTIVITY NOTICE: "Viacom Inc". Barrington Research downgraded the shares of VIAB in report on Tuesday, January 26 to "Mkt Perform" rating. "(NASDAQ:VIAB) Shares Bought by Stoneridge Investment Partners LLC" was reported by TrueBlueTribune and is owned by of TrueBlueTribune. The correct version of this story can be viewed at https://www.truebluetribune.com/2017/11/16/viacom-inc-viab-stake-boosted-by-stoneridge-investment-partners-llc.html. Viacom, Inc. (NASDAQ:VIAB) has declined 8.36% since November 16, 2016 and is downtrending. (VIAB) traded up $0.07 during midday trading on Thursday, hitting $24.61. Viacom Inc. has a 12-month low of $22.88 and a 12-month high of $46.72. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.09). (NASDAQ:VIAB) shares have seen a move of -30.09%.

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In terms of earnings per share, 28 analysts have a 0.86 EPS mean target for the quarter ending Sep-17, for the quarter ending Mar-18, 14 analysts have a 0.77 EPS mean target and for the quarter ending Mar-18 there are 28 estimates of 3.86 EPS.

Revenue of $3.3 billion in the quarter ending September 30 was up 3% from $3.2 billion in the year-earlier quarter. But even as the shares continued their descent Thursday on Viacom's fourth-quarter earnings, the results did provide a glimmer of hope as Bakish pulls every lever within reach to desperately try to turn around the company.

Viacom Inc (VIAB.O), owner of MTV and Comedy Central, said Thursday it expects lower revenue from cable and satellite companies in 2018, a forecast that sent its shares down nearly 10 percent in morning trading. Stockholders of record on Friday, December 15th will be issued a $0.20 dividend. The ex-dividend date is Thursday, December 14th. The relative volume (ratio between current volume and 3-month average) is presently sitting at 0.84. Viacom's payout ratio is 21.98%.

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 many countries.


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