Brokerages Expect Viad Corp (NYSE:VVI) to Announce $0.96 EPS
Equities research analysts expect that Viad Corp (NYSE:VVI) will report $0.96 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Viad Corp’s earnings, with estimates ranging from $0.93 to $0.97. Viad Corp reported earnings of $1.04 per share in the same quarter last year, which indicates a negative year over year growth rate of 7.7%. The business is expected to report its next earnings report after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that Viad Corp will report full year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.36 to $2.51. For the next year, analysts forecast that the business will report earnings of $2.60 per share, with EPS estimates ranging from $2.54 to $2.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Viad Corp.
Viad Corp (NYSE:VVI) last announced its earnings results on Friday, April 28th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.16. Viad Corp had a net margin of 4.35% and a return on equity of 16.45%. The company had revenue of $325.81 million for the quarter, compared to the consensus estimate of $312.15 million. During the same period in the previous year, the business earned ($0.30) EPS. The company’s revenue was up 35.0% on a year-over-year basis.
A number of research analysts have recently commented on the stock. BidaskClub raised shares of Viad Corp from a “buy” rating to a “strong-buy” rating in a research report on Monday. Zacks Investment Research raised shares of Viad Corp from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Thursday, April 13th.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Viad Corp by 68,605.4% in the first quarter. BlackRock Inc. now owns 2,476,143 shares of the business services provider’s stock valued at $111,922,000 after buying an additional 2,472,539 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Viad Corp by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,689,239 shares of the business services provider’s stock valued at $76,353,000 after buying an additional 5,983 shares during the period. Vanguard Group Inc. boosted its position in shares of Viad Corp by 5.3% in the first quarter. Vanguard Group Inc. now owns 1,072,109 shares of the business services provider’s stock valued at $48,459,000 after buying an additional 54,217 shares during the period. Wells Fargo & Company MN boosted its position in shares of Viad Corp by 11.6% in the first quarter. Wells Fargo & Company MN now owns 660,384 shares of the business services provider’s stock valued at $29,849,000 after buying an additional 68,738 shares during the period. Finally, State Street Corp boosted its position in shares of Viad Corp by 7.4% in the first quarter. State Street Corp now owns 491,035 shares of the business services provider’s stock valued at $22,197,000 after buying an additional 33,660 shares during the period. Hedge funds and other institutional investors own 86.78% of the company’s stock.
Shares of Viad Corp (NYSE:VVI) opened at 49.15 on Wednesday. Viad Corp has a one year low of $31.56 and a one year high of $49.75. The company has a market capitalization of $1.00 billion, a PE ratio of 17.82 and a beta of 0.51. The company has a 50-day moving average of $46.94 and a 200-day moving average of $45.33.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Friday, June 2nd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.81%. The ex-dividend date was Wednesday, May 31st. Viad Corp’s dividend payout ratio (DPR) is currently 14.49%.
About Viad Corp
Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.
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