Post-Earnings Research - Viacom

LONDON, November 18, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings research on Viacom Inc. (NASDAQ: VIAB). On November 13, 2014, the company announced financial results for Q4 FY14 and FY14 (period ended September 30, 2014). Click on www.investor-edge.com/FreeReports to read our free earnings review on Viacom Inc. (Viacom). During Q4 FY14, the company's revenue grew 9% on a Y-o-Y basis. Further, for FY14, Viacom's adjusted operating income rose 5% Y-o-Y to a record $4.13 billion and its adjusted diluted EPS from continuing operations increased 15% Y-o-Y to an all-time high of $5.40. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview 

During Q4 FY14, Viacom's revenues grew to $3.99 billion from $3.65 billion in the Q4 FY13 due to gains in its Media Networks segment. Media Networks revenues rose 8% Y-o-Y to $2.66 billion, principally due to growth in affiliate fees. Domestic and worldwide affiliate revenues increased 21% and 22%, respectively, primarily due to rate increases and higher revenues related to the timing of available programming from certain distribution agreements. The free research on VIAB can be downloaded as in PDF format at:

www.Investor-Edge.com/VIABFreeReport

During Q4 FY14, Viacom's net earnings from continuing operations attributable to its shareholders stood at $732 million, or $1.72 per diluted share, compared to $806 million, or $1.69 per diluted share, in Q4 FY13. Bloomberg analysts' had expected the company to report net earnings of $721 million, or $1.68 per share. On an adjusted basis, the company's Q4 FY14 net earnings from continuing operations stood at $729 million, or $1.71 per diluted share, compared to $739 million, or $1.55 per diluted share, in Q4 FY13.

For FY14, Viacom's revenues stood nearly flat at $13.78 billion compared to $13.79 billion in FY13. The company's FY14 revenues exceeded Bloomberg analysts' forecasts of $13.70 billion. Viacom's media networks revenues increased 5% Y-o-Y to $10.17 billion in FY14, reflecting a 10% Y-o-Y rise in affiliate fees and a 2% Y-o-Y gain in advertising revenues driven by higher international advertising revenues.

For FY14, the company reported net earnings from continuing operations attributable to its shareholders of $2.39 billion, or $5.43 per diluted share, compared to $2.41 billion, or $4.86 per diluted share, in FY13. On an adjusted basis, the company's FY14 net earnings from continuing operations increased to $2.38 billion from $2.32 billion in FY13. Sign up and read the free analyst's notes on VIAB at:

www.Investor-Edge.com/VIAB-18112014

Philippe Dauman, President and CEO of Viacom, commented that the Viacom's record financial results in FY14 demonstrate the strength of its brands and continuing momentum for its strategy of investing in creativity, with a relentless focus on growing demographic and geographic markets and embracing new distribution platforms. He added that the company's affiliate distribution business remains a reliable engine for high-margin revenue expansion and provides significant opportunities to build new consumer experiences with long term distributors and emerging technology partners alike.

Sumner M. Redstone, Executive Chairman of Viacom, stated that the company remains well-positioned as a creative leader with many of the world's most innovative media properties and best entertainment brands.

For Q4 FY14, Viacom repurchased 10.4 million shares for an aggregate purchase price of $850 million, as part of its ongoing $20 billion stock repurchase program, and as of November 12, 2014, the company had $6.24 billion remaining. In FY14, the company has returned $3.9 billion to its shareholders through share repurchases and dividends. Commenting on this, Mr. Dauman said that Viacom's performance allowed the company to continue the strong delivery of value directly to investors. Over the past five years, Viacom has returned $16.1 billion to shareholders. Visit Investor-Edge and access the latest research on VIAB at:

www.Investor-Edge.com/VIABEarningsCoverage

Stock Performance  

On the day of the earnings release, November 13, 2014, Viacom's stock ended the session at $71.20, up 2.82%. The stock has maintained a positive trend since then. On the last close, Monday, November 17, 2014, it finished at $74.10, up 1.56%, after vacillating between $72.92 and $74.76. A total of 5.61 million shares were traded which was much above its three months average volume of 2.90 million shares. Over the previous three trading sessions and the last one month, the company's shares have gained 7.00% and 6.91%, respectively. However, the stock has declined 15.16% on YTD basis. Shares in Viacom Inc. closed above their 50-day moving average of 74.02. Furthermore, the stock traded at a PE ratio of 13.41 and has a Relative Strength Index (RSI) of 54.75.

Sneak Peek to Corporate Insider Trading 

In the last one month Viacom Inc. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on VIAB is available at:

www.Investor-Edge.com/VIABInsiderTrading

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