Neutral Media Coverage Extremely Likely to Impact Viacom (NASDAQ:VIAB) Share Price

Media coverage about Viacom (NASDAQ:VIAB) has trended neutral on Thursday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Viacom earned a news sentiment score of 0.46 on their scale. InfoTrie also gave news headlines about the company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the near future.

Here are some of the news stories that may have effected Viacom’s score:

Shares of NASDAQ:VIAB traded down $0.46 during midday trading on Thursday, reaching $30.58. 2,014,373 shares of the company’s stock traded hands, compared to its average volume of 4,257,908. Viacom has a 1 year low of $23.31 and a 1 year high of $34.44. The stock has a market cap of $12.51 billion, a P/E ratio of 7.42, a P/E/G ratio of 1.08 and a beta of 1.29. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 1.29. The company has a fifty day simple moving average of $30.11.

Viacom (NASDAQ:VIAB) last announced its earnings results on Friday, May 10th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.06 billion. Viacom had a return on equity of 22.60% and a net margin of 12.63%. The business’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. On average, sell-side analysts forecast that Viacom will post 4.03 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 17th were issued a $0.20 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.62%. Viacom’s payout ratio is currently 19.42%.

Several analysts have commented on the stock. Loop Capital increased their price target on shares of Bed Bath & Beyond to $16.00 and gave the company an “average” rating in a research report on Friday, March 29th. Royal Bank of Canada upgraded shares of Viacom from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $31.00 to $36.00 in a report on Thursday, April 4th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. BidaskClub upgraded shares of Viacom from a “sell” rating to a “hold” rating in a report on Friday, July 5th. Finally, BMO Capital Markets upped their price objective on shares of SilverCrest Metals from C$6.50 to C$7.00 in a report on Thursday, May 16th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $34.54.

About Viacom

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

Further Reading: Percentage Decliners

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