Viacom Q4 Adj. Profit Beats View, But Revenues Miss

Earnings per share for the recently concluded quarter is expected to come in at $0.65 a share with $3.3B in revenue.

At Paramount's Filmed Entertainment unit operations the Monster Trucks charge helped to depress the bottom line to a $137 million operating loss, down from a $122 million profit a year ago, with revenues down 24% to $774 million. JPMorgan Chase & Co. increased its position in shares of Viacom by 2,002.7% in the third quarter.

Fourth-quarter net earnings attributable to Viacom, the owner of Paramount Pictures and Nickelodeon, was $254 million or $0.64 per share, down sharply from $884 million or $2.21 per share in the same period the previous year. Viacom Inc. has a 12 month low of $33.88 and a 12 month high of $54.69. The Average Volume for the stock is measured as 4.01 Million. Viacom's dividend payout ratio is now 15.41%.

VIA has been the topic of a number of recent analyst reports.

Time Warner Inc. (NYSE: TWX) announced that its Board of Directors declared a regular quarterly cash dividend of $0.4025 per share of Common Stock, payable in cash on December 15, 2016, to shareholders of record on November 30, 2016.

The New York owner of MTV, Nickelodeon, and the Paramount movie studio, said revenue in the period fell 15%, to about $3.23 billion from almost $3.79 billion as advertising revenue fell across its operations at home and overseas.

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Viacom shares have dropped slightly more than 9 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 5 percent. On 7th Day after the earnings release, Viacom, Inc. Institutional investors and hedge funds own 76.11% of the company's stock. State Street Corp boosted its stake in shares of Viacom by 59.0% in the second quarter.

Viacom Inc. had its "market perform" rating reiterated by analysts at Wells Fargo.

04/01/2016 - Viacom Inc. had its "neutral" rating reiterated by analysts at Citigroup.

Viacom Inc. had its "buy" rating reiterated by analysts at Wunderlich.

09/19/2016 - Viacom Inc. was downgraded to "hold" by analysts at Stifel Nicolaus. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and a consensus target price of $46.94.

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. Going forward, we expect the company to observe pressure on its media networks in the fourth quarter, which yet again saw softer ratings.

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