Viad Corp. (VVI) Updates Q2 Earnings Guidance
Viad Corp. (NYSE:VVI) issued an update on its second quarter earnings guidance on Friday morning. The company provided earnings per share guidance of $0.34-0.44 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.33, ARN reports. The company issued revenue guidance of $237-251 million, compared to the consensus revenue estimate of $244.99 million.
Viad Corp. (NYSE:VVI) opened at 23.04 on Friday. Viad Corp. has a 52-week low of $21.89 and a 52-week high of $28.97. The stock’s 50-day moving average is $23.87 and its 200-day moving average is $25.52. The company has a market cap of $468.3 million and a P/E ratio of 21.72.
Viad Corp. (NYSE:VVI) last released its earnings data on Friday, April 25th. The company reported $1.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.75. The company had revenue of $285.60 million for the quarter, compared to the consensus estimate of $281.68 million. During the same quarter last year, the company posted $0.42 earnings per share. Viad Corp.’s revenue was up .1% compared to the same quarter last year. Analysts expect that Viad Corp. will post $1.66 EPS for the current fiscal year.
On a related note, analysts at Singular Research cut their price target on shares of Viad Corp. from $38.00 to $34.00 in a research note on Wednesday, March 12th. They now have a buy rating on the stock.
Viad Corp (NYSE:VVI) provides services primarily within the exhibition and events industry and travel and recreation industry.
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