Market Update (NASDAQ:VIAB): Viacom Vantage Unveils First Data-Driven TV Ad Product Exclusively for Movie Studios

[Business Wire] – Viacom today unveiled Vantage Studio Edition, the first data-driven marketing solution purpose-built for the movie industry. Vantage Studio Edition uniquely offers precision plus reach, deploying data to find target audiences while maintaining broad awareness. Read more on this. Viacom, Inc. (VIAB) , with a current value of $16.96B, began trading this morning at $42.00. Today’s price range has been between $40.78 and $43.30 per share and has traded between $30.11 and $73.52 over the past year. VIAB shares are currently priced at 8.78x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.34x earnings multiple. And for income investors, the company pays shareholders $1.60 per share annually in dividends, yielding 3.70%. According to a consensus of 35 analysts, the earnings estimate of $0.74 per share would be $0.42 worse than the year-ago quarter and a $0.47 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $4.99 is a $0.45 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 $2.98 Billion. If realized, that would be a 3.25% 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. The average price target for VIAB shares is $47.20, which is 12.38% above where the stock opened this morning. See more in (NASDAQ:VIAB) Similar Articles: Market Update: Viacom Inc (NASDAQ:VIAB) – Sarah Iooss Tapped to Lead Viacom’s Business Development Group 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