Over the past 12 fiscal quarters, Viacom Inc. (NASDAQ:VIAB) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 2 quarters (16%), whereas at 0 occasion EPS met analyst expectations. Shares of Viacom Inc. (VIAB) have dropped -3.6% since the company’s last earnings report.VIAB last reported earnings on February 05, 2019 when it released Dec-18 results that exceeded expectations. The company raked in $1.12 per share, -87.75% change on the same period last year. That was better than consensus for $1.03. Revenue for the recent quarter stood at $3.09 billion, up 1% on last year and below the $3.12 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $3.12 billion to $3.3 billion, which should be compared with $3.32 billion generated last year. EPS is seen in a range of $1.19 to $1.54, against the $1.29 reported a year ago.
VIAB’s 50 day simple moving average (SMA 50) price is $28.64 and its 200-day simple moving average (SMA 200) price is $29.83. The company’s stock currently has a total float of 362.4M shares. Its weekly volatility is hovering around 2.42% and felt 2.54% volatility in price over a month. On the upside, the share price will test short term resistance at around $28.89. On a downside, the stock is likely to find some support, which begins at $28.28. The failure to get near-term support could push it to $28.02.
Separately, it has been reported that multiple insider activity took place at Viacom Inc. (VIAB). EVP, CFO Davis Wade acquired 28,710 shares for $42,424 in transaction occurred on 2017/05/12. After making this transaction, the EVP, CFO owns a direct stake of 992,218 shares, worth $1,210,357, as per the last closing price. On 2017/03/17 Lea Dede, EVP, Global Government Affairs at VIAB, dumped 4,000 shares at an average price of $43.63 per share. The selling total is valued at $645,491.
SVP, Controller, Gill Charest Katherine had divested 3,000 shares for $7,202 through a trade on 2017/03/09. Following this activity, the insider holds 133,260 shares worth $205,473 as of recent close. Wall Street’s most bullish Viacom Inc. (NASDAQ:VIAB) analysts are predicting the share price to blow past $44 per share during the next 12 months. The current median share price forecast by them is $34, suggesting that the stock could increase 19.17% in that time frame. The average price target of $34.71 calls for a nearly 21.66% increase in the stock price.
It had seen a negative analyst call from Societe Generale, which downgraded the stock from Buy to Hold on January 24. Analysts at Pivotal Research Group, shed their negative views on January 15 by lifting it fromHold to Buy. The stock won favor of Imperial Capital analysts who expressed their confidence in it using an upgrade from In-line to Outperform on January 11. Barrington Research analysts came out with bullish views on January 02 when the call was made. They think the stock is now Outperform compared to to their prior call for Mkt Perform.
When looking at valuations, Viacom Inc. (VIAB) has a cheap P/E of 8.06x as compared to industry average of 36.32x. Moreover, it trades for 6.42 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.5x price/book and 0.91x price/sales. Compared to others, Viacom Inc. is in a different league with regards to profitability, having net margins of 11.6%. To put some perspective around this, the industry’s average net margin is 2299.67%. VIAB’s ROE is 20.8%, which is also considerably better than the industry’s ROE of 13.94%. It’s also very liquid in the near term, with a current ratio of 1.3. The stock has a debt/capital of 1.17.
Viacom Inc. (NASDAQ:VIAB) recently claimed $11.8B as the price has approached $28.53. There came a 0.49% growth with the closing bell on Wednesday. The stock remained range bound between $28.375 and $28.99. Trading activity significantly weakened as the volume at ready counter decreased to 3,739,550 shares versus 4,451,105 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 4,356,160 shares. The stock is now 22.39% above against its bear-market low of $23.31 on December 27, 2018. It has retreated -21.21% since it’s 52-week high of $34.58 reached in February. Now the market price is down -13.23% on the year and up 11.01% YTD.