Analysts Expect Viad Corp. (NYSE:VVI) to Post $1.54 EPS
Viad Corp. (NYSE:VVI) has received an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a twelve-month consensus price target of $42.00 for the company and are forecasting that the company will post $1.54 EPS for the current quarter, according to Zacks. Zacks has also given Viad Corp. an industry rank of 155 out of 265 based on the ratings given to its competitors.
VVI has been the subject of a number of research reports. Zacks Investment Research cut shares of Viad Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. B. Riley reissued a “buy” rating and issued a $42.00 price target on shares of Viad Corp. in a research report on Wednesday, August 17th.
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In other news, Director Robert E. Munzenrider sold 2,000 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $35.87, for a total value of $71,740.00. Following the completion of the sale, the director now directly owns 22,106 shares of the company’s stock, valued at $792,942.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Teachers Advisors Inc. boosted its stake in shares of Viad Corp. by 8.4% in the first quarter. Teachers Advisors Inc. now owns 273,577 shares of the company’s stock worth $7,978,000 after buying an additional 21,220 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Viad Corp. by 7.1% in the first quarter. BlackRock Group LTD now owns 29,360 shares of the company’s stock worth $857,000 after buying an additional 1,956 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Viad Corp. by 0.7% in the first quarter. BlackRock Fund Advisors now owns 1,301,395 shares of the company’s stock worth $37,949,000 after buying an additional 8,991 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Viad Corp. by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 532,623 shares of the company’s stock worth $15,531,000 after buying an additional 3,538 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Viad Corp. by 32.2% in the first quarter. JPMorgan Chase & Co. now owns 266,927 shares of the company’s stock worth $7,783,000 after buying an additional 64,950 shares during the last quarter. 88.32% of the stock is owned by institutional investors and hedge funds.
Shares of Viad Corp. (NYSE:VVI) traded up 0.236% during mid-day trading on Wednesday, hitting $36.476. The stock had a trading volume of 13,878 shares. The stock’s 50-day moving average is $35.91 and its 200 day moving average is $31.92. Viad Corp. has a 12 month low of $25.90 and a 12 month high of $36.69. The firm has a market cap of $739.92 million, a PE ratio of 39.391 and a beta of 1.07.
Viad Corp. (NYSE:VVI) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.22. Viad Corp. had a net margin of 1.75% and a return on equity of 6.77%. The firm earned $324.70 million during the quarter, compared to analysts’ expectations of $304.90 million. During the same period in the previous year, the company earned $1.18 earnings per share. Viad Corp.’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities research analysts predict that Viad Corp. will post $2.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 9th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.10%. Viad Corp.’s payout ratio is 43.48%.
About Viad Corp.
Viad Corp is an international experiential services company. The Company has operations in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates. The Company conducts its operations through three business segments: the Marketing & Events U.S. Segment (U.S. Segment), the Marketing & Events International Segment (the International Segment) (collectively, the Marketing & Events Group), and the Travel & Recreation Group.
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