Viacom Inc. (NASDAQ:VIAB) declared a quarterly dividend on Wednesday, August 2nd, RTT News reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.20 per share on Monday, October 2nd. This represents a $0.80 annualized dividend and a yield of 2.95%. The ex-dividend date is Thursday, September 14th.
Viacom (NASDAQ:VIAB) opened at 27.11 on Wednesday. The stock has a market cap of $10.90 billion, a PE ratio of 7.46 and a beta of 1.59. The firm has a 50-day moving average price of $30.63 and a 200 day moving average price of $36.88. Viacom has a 52-week low of $26.65 and a 52-week high of $46.72.
Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.12. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.29 billion. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. On average, analysts forecast that Viacom will post $3.87 earnings per share for the current fiscal year.
A number of research firms have commented on VIAB. Royal Bank Of Canada reissued an “underperform” rating and issued a $30.00 target price (down previously from $35.00) on shares of Viacom in a report on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and issued a $43.00 target price (down previously from $52.00) on shares of Viacom in a report on Wednesday, August 9th. BMO Capital Markets reissued a “market perform” rating and issued a $35.00 target price (down previously from $42.00) on shares of Viacom in a report on Wednesday, August 9th. Sanford C. Bernstein reissued an “underperform” rating on shares of Viacom in a report on Tuesday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Viacom in a report on Tuesday. Six investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $42.04.
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Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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