Viad Corp (VVI) Posts Earnings Results, Beats Expectations By $0.02 EPS
Viad Corp (NYSE:VVI) issued its quarterly earnings results on Thursday. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.02, Bloomberg Earnings reports. The firm had revenue of $339.10 million for the quarter, compared to analyst estimates of $327.59 million. Viad Corp had a return on equity of 16.76% and a net margin of 4.85%. The business’s revenue was down 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 earnings per share. Viad Corp updated its Q4 guidance to ($0.35-0.25) EPS.
Shares of Viad Corp (VVI) traded down 0.33% during midday trading on Thursday, hitting $60.90. The stock had a trading volume of 60,673 shares. The stock has a 50-day moving average price of $59.01 and a 200-day moving average price of $50.63. The stock has a market cap of $1.24 billion, a P/E ratio of 19.21 and a beta of 0.52. Viad Corp has a 12-month low of $36.20 and a 12-month high of $61.85.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were paid a $0.10 dividend. The ex-dividend date was Thursday, September 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.66%. Viad Corp’s payout ratio is presently 12.62%.
A number of equities analysts recently commented on the company. BidaskClub upgraded Viad Corp from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded Viad Corp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 28th.
Viad Corp Company Profile
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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