Market Update (NASDAQ:VIAB): Why The Size Of SpringOwl’s Shareholdings Don’t Matter

[at Forbes] – Since we first went public with our 99-page reports about Yahoo (YHOO) and Viacom (VIAB) in the last few months, we have heard one question more than any: how many shares do you own in each company? So what? It doesn’t matter. Read more on this. Viacom, Inc. (VIAB) , with a current market cap of $14.34B, started trading this morning at $37.39. Shares have traded today between $36.15 and $37.40 per share and has traded between $30.11 and $73.52 over the past 12 months. VIAB shares are currently priced at 7.10x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 17.41x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.60 per share annually in dividends, yielding 4.34%. Consensus earnings for the current quarter by the 32 sell-side analysts covering the stock is an estimate of $0.95 per share, which would be $0.21 worse than the year-ago quarter and a $0.28 sequential decrease. The full-year EPS estimate is $5.23 which would be a $0.21 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.04 Billion. If reported, that would be a 1.30% decrease over the year-ago quarter. In terms of ratings, Citigroup upgraded VIAB from Neutral to Buy (Feb 16, 2016). Previously, Telsey Advisory Group Initiated VIAB at to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $48.55, which is 29.85% above where the stock opened this morning. See more in (NASDAQ:VIAB) Similar Articles: Market Update (NASDAQ:VIAB): Viacom names CEO Dauman as chair Company Update (NASDAQ:VIAB): Viacom Declares Quarterly Cash Dividend Market Update: Viacom Inc (NASDAQ:VIAB) – CBS, Viacom exec chair Redstone’s compensation cut in 2015-CNBC