ViacomCBS stock (NASDAQ
NASDAQ
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Full Answer
Should I invest in Viacom stock?
Apr 04, 2022 · Earnings for Viacom are expected to grow by 5.69% in the coming year, from $4.22 to $4.46 per share. Price to Earnings Ratio vs. the Market. The P/E ratio of Viacom is 5.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 12.10. Price to Earnings Ratio vs. Sector
Is Viacom an undervalued dividend stock?
Mar 11, 2021 · The stock is currently at its all-time high of $84. There are multiple factors responsible for the recent rally, but following are some of the most significant factors which boosted VIAC stock: The...
Does Viacom still own CBS or not?
Feb 16, 2022 · Shares of ViacomCBS (NASDAQ: VIAC) are in freefall this morning after reporting earnings. The media and entertainment giant reported revenue of $8 billion, up 16% year-over-year. Furthermore, the...
Why is Viacom stock down?
Mar 03, 2021 · What happened Shares of ViacomCBS ( PARA 0.51% ) jumped 33% in February, according to data provided by S&P Global Market Intelligence, after the company announced earnings and a new streaming...
Why did Viacom stock go up?
A combination of factors combined for a breathtaking surge in VIAC stock. Among the biggest factors: the company launched its Paramount+ streaming service on March 4, 13 key CBS TV affiliates signed multi-year contract renewals in January, and retail investors began to target VIAC shares.Aug 13, 2021
What is going on with VIAC stock?
Effective today, ViacomCBS will rebrand to Paramount Global. The corresponding ticker for VIAC stock will change to PARA for Class B common stock. For Class A common stock, the ticker will change to PARAA.Feb 16, 2022
Is VIAC a good stock to buy?
Investor Takeaway Meanwhile, VIAC sports a strong balance sheet with plenty of cash on hand, and pays a well-covered dividend. VIAC appears to be rather cheap at present for its quality, and I view it as being a Strong Buy while the market isn't paying attention.Jan 7, 2022
Is ViacomCBS a buy or sell?
Jim Cramer says ViacomCBS is a buy, sees room for the stock to run.Jan 12, 2022
Does Viacom have a new stock symbol?
The name change, which makes total sense, is effective today and the company starts trading tomorrow under new stock symbol PARA.Feb 16, 2022
Who owns Viacom?
National AmusementsViacom / Parent organizationNational Amusements, Inc. is an American privately owned theater company and mass media holding company based in Norwood, Massachusetts, and incorporated in Maryland. It is the controlling shareholder of Paramount Global. Wikipedia
Is Viacom overvalued?
At its current price of $41.7 per share and the market cap of $27.1 billion, ViacomCBS stock is estimated to be significantly overvalued.Jun 5, 2021
Why is Viacom stock so low?
Revenues had been flat for the past few years, and then declined in 2020 as Covid took its toll. The lack of growth is due to a popular trend: cord-cutting. Simply put, cable channels aren't worth the same to consumers as they were a decade ago.Aug 20, 2021
Why did Viacom stock drop?
ViacomCBS' (Nasdaq:VIAC) stock dropped more than 20% Wednesday after the company said it would rebrand as Paramount and reorient itself further around streaming.Feb 16, 2022
Who is buying Viacom?
CBSCBS announced to acquire Viacom as part of the re-merger deal for up to $15.4 billion.
Is VIAC undervalued?
It's poised to capitalize on streaming trends and is trading well below what we think it's worth. In a sector where undervalued opportunities are few and far between, ViacomCBS (VIAC) stands out, trading 30% below our $61 fair value estimate.Jun 11, 2021
Can you email Jim Cramer?
Cramer takes live calls as host of CNBC's "Mad Money" and email questions and comments through the station. The show is carried live at 5 p.m. Eastern Time weekdays. The call-in number is 1-800-743-CNBC. Cramer's company email address is [email protected].
How were Viacom's earnings last quarter?
Viacom, Inc. (NASDAQ:VIAB) released its quarterly earnings results on Thursday, November, 14th. The company reported $0.79 EPS for the quarter, bea...
Is Viacom a good dividend stock?
Viacom pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.30%. The dividend payout ratio of Viacom is 19.70%. This...
Who are Viacom's key executives?
Viacom's management team includes the following people: Mr. Robert Marc Bakish , Pres, CEO & Director (Age 55) Mr. Wade Cullen Davis , Exec. VP...
Who are some of Viacom's key competitors?
Some companies that are related to Viacom include Walt Disney (DIS) , Live Nation Entertainment (LYV) , News (NWSA) , World Wrestling Entertain...
What other stocks do shareholders of Viacom own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Viacom investors own include Walt Disney (DIS) , Bank of...
What is Viacom's stock symbol?
Viacom trades on the NASDAQ under the ticker symbol "VIAB."
What is Viacom's stock price today?
One share of VIAB stock can currently be purchased for approximately $24.22.
How much money does Viacom make?
Viacom has a market capitalization of $9.77 billion and generates $12.84 billion in revenue each year. The company earns $1.55 billion in net incom...
How many employees does Viacom have?
Viacom employs 10,700 workers across the globe.
Streaming is the name of the game for ViacomCBS
Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
What happened
Shares of ViacomCBS ( NASDAQ:VIAC) jumped 33% in February, according to data provided by S&P Global Market Intelligence, after the company announced earnings and a new streaming service.
So what
Quarterly results showed a 3% increase in revenue to $6.9 billion and net income of $810 million, or $1.31 per share. But the bigger news was on the streaming front.
Now what
Without streaming, ViacomCBS was in a tough position trying to compete with companies like Netflix and Walt Disney, which have lots of content and tens of millions of streaming subscribers.
When will Paramount+ be released?
So what. In January, ViacomCBS announced that it would be unveiling its new streaming service Paramount+ on March 4. In response, one analyst at Needham boosted her price target, believing the new streaming megabundle will boost ViacomCBS' valuation, as investors have generally boosted media stocks like Disney ...
Who owns ViacomCBS?
Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Billy Duberstein owns shares of ViacomCBS Inc and Walt Disney. His clients may own shares of the companies mentioned. The Motley Fool owns shares of and recommends Walt Disney.
Blindsided by Streaming
The problem is that streaming pulled the rug out from under the company. It is destroying distribution channels.
Time to Sell?
Getting into the cloud is easier today than when Netflix did it. Being relevant in the cloud is harder.
Bottom Line on VIAC Stock
ViacomCBS isn’t about to collapse. Millions of people are cutting their cable cord, but many are doing it in favor of skinny bundles like Pluto.
1. Diversifying away from legacy distribution
The cord-cutting momentum is real. The legacy cable television channels, like Disney's ( DIS) - Get Report ESPN, reported declining subscribers over the last several quarters.
2. The rich library makes the company attractive to acquirers
Over the new few months, the streaming TV offerings will become crowded with Netflix ( NFLX) - Get Report , Amazon ( AMZN) - Get Report Prime Video, Disney+, ESPN+, Apple ( AAPL) - Get Report TV+, Facebook ( FB) - Get Report Watch, etc.
3. The valuation is low, even if the business doesn't grow
Besides the operational aspects, the current market valuation is another reason for the stock price to increase. Compared with its peers, the market values Viacom at a discount from the EV/Sales and EV/EBITDA ratios perspective.
Conclusion
The threat of the declining legacy core business is real. But with such a low valuation and with the potential to take advantage of the strong content library, the possibilities for Viacom's stock price to increase are important.
What stocks does MarketBeat like better than Viacom?
Wall Street analysts have given Viacom a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Viacom wasn't one of them.
When is Viacom's next earnings date?
Viacom is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.#N#View our earnings forecast for Viacom.
How were Viacom's earnings last quarter?
Viacom, Inc. (NASDAQ:VIA) posted its earnings results on Wednesday, August, 4th. The company reported $0.58 EPS for the quarter. The firm had revenue of $82.20 million for the quarter. Viacom had a net margin of 3.63% and a trailing twelve-month return on equity of 22.32%.#N#View Viacom's earnings history.
How often does Viacom pay dividends? What is the dividend yield for Viacom?
Viacom declared a dividend on Thursday, July 22nd. Stockholders of record on Wednesday, September 1st will be given a dividend of $0.1813 per share on Wednesday, September 15th. The ex-dividend date is Tuesday, August 31st.#N#View Viacom's dividend history.
Is Viacom a good dividend stock?
Viacom pays an annual dividend of $0.73 per share and currently has a dividend yield of 6.34%. VIA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.#N#View Viacom's dividend history.
Who are some of Viacom's key competitors?
Some companies that are related to Viacom include Unitil (UTL), Spark Energy (SPKE), Genie Energy (GNE), VivoPower International (VVPR), EuroSite Power (EUSP), Endesa (ELE) and Premier Power Renewable Energy (PPRW).#N#View all of VIA's competitors.
What other stocks do shareholders of Viacom own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Viacom investors own include Viacom (VIAB), Energy Transfer (ET), AT&T (T), SunCoke Energy Partners (SXCP), Gilead Sciences (GILD), Tesla (TSLA), Cornerstone Total Return Fund (CRF), The Walt Disney (DIS), Ford Motor (F) and Lumen Technologies (LUMN).
