Stock Update (NASDAQ:VIAB): Kareem Chin Named Vice President of Investor Relations for Viacom

[Business Wire] – Viacom Inc. , today announced the appointment of Kareem Chin as Vice President of Investor Relations. Reporting to Jim Bombassei, Senior Vice President of Investor Relations, Chin will play an integral role in all investor relations functions, including managing Viacom’s relationships with securities analysts and institutional investors, and all shareholder communications. Read more on this. Viacom, Inc. (VIAB) , valued at $16.21B, opened this morning at $40.90. Shares have traded today between $40.07 and $41.18 per share with a one year range of $30.11 to $73.52. VIAB shares are currently priced at 7.86x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.98x forward p/e ratio. The company pays shareholders $1.60 per share annually in dividends, yielding 3.86%. Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $0.94 per share, which would be $0.22 worse than the year-ago quarter and a $0.29 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $5.21 would be a $0.23 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.04 Billion. If realized, 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. The average price target for VIAB shares is $47.59, which is 16.36% above where the stock opened this morning. See more in (NASDAQ:VIAB) Similar Articles: Company Update: Viacom Inc (NASDAQ:VIAB) – comScore and Viacom Ink Transformational Multi-Year Deal for Cross-Platform Measurement Market Update: Viacom Inc (NASDAQ:VIAB) – Viacom Extends Employment Agreement with Senior Executive Vice President and Chief Operating Officer Thomas Dooley Through 2018 Market Update: Viacom Inc (NASDAQ:VIAB) – CBS, Viacom exec chair Redstone’s compensation cut in 2015-CNBC