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November 14, 2012
12:21 EDTVIA, VIA.BEarnings Preview: Viacom sees Q4 domestic affiliate revenue up double digits
Viacom (VIA, VIA.B) is expected to report Q4 earnings before the market open on Thursday, November 15 with a conference call scheduled for 8:30 am ET. Analysts are looking for EPS of $1.17 on revenue of $3.42B. The consensus range is $1.11-$1.26 for EPS, and $3.19B-$4.18B for revenue, according to First Call. The company reported Q3 results that missed consensus estimates, and said Filmed Entertainment revenue declined 29% and Media Networks revenue declined 5%. The company forecast Q4 domestic affiliate revenue up double digits, and said Q4 would be impacted by DirecTV's (DTV) rate increase and blackout period. Additionally, Viacom said it expected to purchase $700M of stock in Q4 and $2.8B of stock for FY12. During the quarter, the company's MTV unit said it would cancel reality show "Jersey Shore" after its sixth season airs, and its Nickelodeon unit pushed out animation chief Brown Johnson. Viacom's Paramount announced a home media distribution deal with Warner Bros. (TWX) and the company expanded its content partnership with Hulu. The Wall Street Journal recently said MTV named Susanne Daniels as its new president of programming. As for its earnings, RBC Capital doesn't expect Viacom to report significantly lower than expected results in coming years and the firm thinks the stock's valuation is attractive. Bernstein downgraded Viacom to Underperform from Market Perform last month as the firm expects MTV to drop double digits in FY13 while Nickelodeon's ratings may not improve and affiliate fee growth may be lackluster.
News For B From The Last 14 Days
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October 24, 2014
06:47 EDTBBarnes Group reports Q3 Industrial sales up 24% to $207.2M
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06:36 EDTBBarnes Group sees FY14 adjusted EPS $2.30-$2.35, consensus $2.27
Sees FY14 revenue growth of 15%-16%, consensus $1.27B; Sees FY14 organic growth of 5%-6%; Sees FY14 adjusted operating margins of approximately 15.5%. Expects FY14 CapEx $60M and FY14 cash conversion to be approximately 100% of net income.
06:35 EDTBBarnes Group reports Q3 adjusted EPS 64c, consensus 58c
Reports Q3 revenue $317.66M, consensus $311.02M; Reports Q3 organic sales up 8%; Reports Q3 operating margin 16%; Reports Q3 adjusted operating margin of 16.5%.
October 23, 2014
11:49 EDTBBarnes Group management to meet with Drexel Hamilton
Meetings to be held in Philadelphia on October 29 and in Baltimore on October 30 hosted by Drexel Hamilton.
October 17, 2014
05:50 EDTBBarnes Group raises quarterly dividend by 9% to 12c per share
The board of Barnes Group increased the company’s quarterly cash dividend 9% to 12c per share of common stock. The dividend will be payable December 10, to shareholders of record at the close of business on November 26. On an annualized basis, the increase raises the annual dividend from 44c per share to 48c per share.
October 15, 2014
14:24 EDTBBarnes Group diversifies funding profile with $100M private debt placement
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