Market Update: Viacom Inc (NASDAQ:VIAB) – Sarah Iooss Tapped to Lead Viacom’s Business Development Group

[Business Wire] – Viacom today announced that Sarah Iooss will become SVP, Business Development. Iooss, who was previously SVP, Velocity Products Group in Viacom’s Ad Sales division, will dual report to Ross Martin, EVP of Marketing Strategy & Engagement, and Kern Schireson, EVP of Data Strategy and Consumer Intelligence. Read more on this. Viacom, Inc. (VIAB) , valued at $15.13B, started the session at $38.51. Looking at the equity, the company’s one day range is $37.65 to $38.69 with a one year range of $30.11 to $73.52. VIAB shares are currently priced at 7.81x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 26.59x forward p/e ratio. The company pays shareholders $1.60 per share annually in dividends, yielding 4.15%. According to a consensus of 35 analysts, the earnings estimate of $0.84 per share would be $0.32 worse than the year-ago quarter and a $0.38 sequential decrease. Investors should also note that the full-year EPS estimate of $5.10 is a $0.34 setback 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 $3.00 Billion. If realized, that would be a 2.60% decrease over the year-ago quarter. More recently, RBC Capital Mkts Initiated VIAB at Underperform (Apr 8, 2016). Previously, Citigroup downgraded VIAB from Buy to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $46.80, which is 21.53% above where the stock opened this morning. See more in (NASDAQ:VIAB) Similar Articles: Company Update: Viacom Inc (NASDAQ:VIAB) – Viacom Board of Directors Creates New Role of Lead Independent Director; Independent Directors Elect Frederic V. Salerno to Position Market Update: Viacom Inc (NASDAQ:VIAB) – Nickelodeon Greenlights First New Global Series to be Produced in the Viacom International Studios in Miami Market Update: Viacom Inc (NASDAQ:VIAB) – CBS, Viacom exec chair Redstone’s compensation cut in 2015-CNBC