In today’s recent session, 5,099,721 shares of the ViacomCBS Inc.(NASDAQ:VIAC) have been traded, and its beta is 1.88. Most recently the company’s share price was $64.21, and it changed around -$1.93 or -0.03% from the last close, which brings the market valuation of the company to $39.31 Billion. VIAC at last check was trading at a discount to its 52-week high of $67.2, offering almost -4.66% off that amount. The share price’s 52-week low was $10.1, which indicates that the recent value has risen by an impressive 84.27% since then. We note from ViacomCBS Inc.’s average daily trading volume that its 10-day average is 15.02 Million shares, with the 3-month average coming to 14.42 Million.
ViacomCBS Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3.1. If we narrow it down even further, the data shows that 5 out of 28 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 16 recommended VIAC as a Hold, whereas 5 deemed it a Buy, and 2 rated it as Underweight. ViacomCBS Inc. is expected to report earnings per share of $1.02 for the current quarter.
ViacomCBS Inc. (NASDAQ:VIAC): Trading Information Today
Although VIAC has been showing red trend so far today with a performance of -2.92% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $67.20 on Monday, Feb 22 increased the stock’s daily price by 4.33%. The company’s shares are currently up 0.73% year-to-date, but still up 0.0871 over the last five days. On the other hand, ViacomCBS Inc. (NASDAQ:VIAC) is 0.41% up in the 30-day period. We can see from the shorts that 88.16 Million shares have been sold at a short interest cover period of 6.11 day(s).
The consensus price target as assigned by Wall Street analysts is $39.04, which translates to bears needing to reduce their stock price by -39.2% from its current value. Analyst projections state that VIAC is forecast to be at a low of $23 and a high of $55. In order for the stock price to hit the forecast high, the stock would need to surge -14.34% from its current level, while the stock would need to crash -64.18% from its current level to reach the projected low.
ViacomCBS Inc. (VIAC) projections and forecasts
ViacomCBS Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +147.81 percent over the past six months and at a -14.17% annual growth rate that is well below the industry average of 10.4%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +5.2% in revenue this quarter, and will report a decline of -6.2% in the next quarter. The year-over-year growth rate is expected to be -6.8%, down from the previous year.
Consensus estimates provided by 24 financial analysts predict the company will bring in an average of $6.88 Billion in revenue for the current quarter. 12 analysts expect ViacomCBS Inc. to make $7.26 Billion in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $6.87 Billion and $6.67 Billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.2%. Forecasts for the next quarter put sales growth at 8.9%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 16.7%. ViacomCBS Inc. earnings are expected to decrease by -2.9% in 2021, but the outlook is negative -2.94% per year for the next five years.
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VIAC Dividend Yield
ViacomCBS Inc.’s next quarterly earnings report is expected to be released around February 24, 2021. The annual dividend yield of the stock is 1.45 percent and its annual dividend per share was $0.96. It is important to note, however, that the 1.45% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.77% per year.
ViacomCBS Inc. (NASDAQ:VIAC)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 4.15% of ViacomCBS Inc. shares, and 91.45% of them are in the hands of institutional investors. The stock currently has a share float of 95.41%. ViacomCBS Inc. stock is held by 1017 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 10.49% of the shares, which is about 59.27 Million shares worth $2.21 Billion.
Blackrock Inc., with 8.23% or 46.51 Million shares worth $1.73 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Sep 29, 2020. The former held 15335342 shares worth $429.54 Million, making up 2.71% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 12.57 Million shares worth around $352.12 Million, which represents about 2.23% of the total shares outstanding.