For the final quarter of its fiscal year, Viacom posted, as forecast, higher advertising revenue at its media networks unit and a drop in USA affiliate revenue amid continued pay TV subscriber declines. Viacom, Inc. (NASDAQ:VIAB) has declined 8.36% since November 16, 2016 and is downtrending.
Several analysts recently issued reports on VIAB shares.
For the fourth quarter, Viacom reported a profit of $674 million, or $1.67 per share, up 167% from a year ago.
Viacom, Inc. (NASDAQ:VIAB) gross margin percentage stands at 43.7% while its operating margin for the past trailing twelve month is 18.1 percent and its overall profit margin (ttm) is 11 Percent.
Conning Inc, which manages about $80.03 billion and $2.75B US Long portfolio, upped its stake in Intel Corp (NASDAQ:INTC) by 13,514 shares to 1.02M shares, valued at $34.29M in 2017Q2, according to the filing. These holdings make up 85.02% of the company's outstanding shares.
Viacom's cable networks business has seen audience improvements, with total ratings up 3 percent in the most recent quarter, including 27 percent growth at BET, where the miniseries New Edition was a success, and 11 percent at MTV. Relative Strength Index (RSI-14) for Viacom, Inc. Finally, Delta Asset Management LLC TN lifted its holdings in shares of Viacom by 12.2% in the second quarter.
26 analysts on average are expecting the company to report revenue of $3.23 Billion for the current quarter.
The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -29.52%, and has a solid year to date (YTD) performance of -29.89% which means that the stock is constantly adding to its value from the previous fiscal year end price.
ILLEGAL ACTIVITY NOTICE: "Viacom Inc".
VIA stock was down 2% and VIAB stock was down 4% as of noon Thursday. The stock is now moving below its 20-Day Simple Moving Average of -1.23% with a 50-Day Simple Moving Average of -6.19 percent. Viacom Inc. has a 52 week low of $22.88 and a 52 week high of $46.72. The company has a market cap of $9,868.74, a price-to-earnings ratio of 6.65, a PEG ratio of 0.84 and a beta of 1.54. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.35 and a quick ratio of 1.11.
Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, November 16th. In terms of recent volatility, the average for the month is 3.52% and 3.37% for the past week. The Return on Equity ratio of Viacom, Inc.
Domestic affiliate revenue fell 3 percent to $948 million in the quarter and domestic ad sales were flat at $936 million. The stock has advanced 3.98% to a low over the previous one year and showed declining move -49.08% to a high over the same period.
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.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Thursday, December 14th. Viacom's dividend payout ratio is now 21.98%. 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. Wells Fargo & Company cut shares of Viacom from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 5th. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company's stock. The stock presently has a consensus rating of "Hold" and an average target price of $38.85.