Viad (VVI) Posts Earnings Results, Beats Expectations By $0.04 EPS

Viad (NYSE:VVI) released its earnings results on Thursday. The business services provider reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.04, Bloomberg Earnings reports. Viad had a net margin of 5.86% and a return on equity of 13.91%. The business had revenue of $277.30 million for the quarter, compared to the consensus estimate of $266.85 million. During the same period in the previous year, the firm earned ($0.11) EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis.

Viad (VVI) traded down $0.65 during midday trading on Thursday, hitting $53.95. 147,270 shares of the company were exchanged, compared to its average volume of 127,354. Viad has a twelve month low of $42.05 and a twelve month high of $61.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.71 and a quick ratio of 0.60. The company has a market cap of $1,107.32, a P/E ratio of 14.65 and a beta of 0.51.

Separately, ValuEngine upgraded shares of Viad from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $53.13.

In other news, Director Robert E. Munzenrider sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $56.01, for a total transaction of $117,621.00. Following the sale, the director now owns 21,179 shares in the company, valued at $1,186,235.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by insiders.

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Viad 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.

Earnings History for Viad (NYSE:VVI)

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