Analysts Set $57.25 Price Target for Viad Corp (VVI)
Shares of Viad Corp (NYSE:VVI) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. Viad’s rating score has declined by 50% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 1 year consensus price target of $57.25 for the company and are anticipating that the company will post ($0.30) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Viad an industry rank of 175 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded shares of Viad from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 28th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC bought a new stake in shares of Viad in the 2nd quarter worth approximately $107,000. SG Americas Securities LLC bought a new stake in shares of Viad in the 2nd quarter worth approximately $120,000. Violich Capital Management Inc. bought a new stake in shares of Viad in the 3rd quarter worth approximately $202,000. Piedmont Investment Advisors LLC bought a new stake in shares of Viad in the 2nd quarter worth approximately $208,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in shares of Viad in the 3rd quarter worth approximately $215,000. Institutional investors and hedge funds own 86.12% of the company’s stock.
Shares of Viad (NYSE VVI) opened at $56.35 on Monday. Viad has a 52-week low of $42.05 and a 52-week high of $61.85. The company has a market cap of $1,150.16, a PE ratio of 20.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.60 and a current ratio of 0.71.
Viad (NYSE:VVI) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. Viad had a net margin of 5.86% and a return on equity of 13.91%. The company had revenue of $339.10 million for the quarter, compared to the consensus estimate of $327.59 million. During the same period in the previous year, the firm earned $1.74 EPS. Viad’s revenue was down 11.3% on a year-over-year basis. sell-side analysts anticipate that Viad will post 2.59 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. Viad’s dividend payout ratio (DPR) is 10.84%.
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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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