Viad Corp to Post Q2 2018 Earnings of $1.31 Per Share, Northcoast Research Forecasts (VVI)

Viad Corp (NYSE:VVI) – Northcoast Research issued their Q2 2018 EPS estimates for shares of Viad in a research note issued to investors on Tuesday. Northcoast Research analyst J. Healy forecasts that the business services provider will earn $1.31 per share for the quarter.

Viad (NYSE:VVI) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.04. The firm had revenue of $277.30 million for the quarter, compared to the consensus estimate of $266.85 million. Viad had a return on equity of 12.73% and a net margin of 4.42%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) earnings per share.

Separately, ValuEngine raised Viad from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.

Viad (NYSE:VVI) opened at $51.35 on Wednesday. Viad has a 1-year low of $42.05 and a 1-year high of $61.85. The company has a current ratio of 0.71, a quick ratio of 0.60 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $1,059.36, a price-to-earnings ratio of 19.81 and a beta of 0.51.

A number of hedge funds have recently bought and sold shares of VVI. FMR LLC lifted its holdings in Viad by 52.3% in the second quarter. FMR LLC now owns 730,850 shares of the business services provider’s stock valued at $34,533,000 after acquiring an additional 250,850 shares during the period. TimesSquare Capital Management LLC raised its stake in shares of Viad by 103.1% in the third quarter. TimesSquare Capital Management LLC now owns 405,840 shares of the business services provider’s stock worth $24,716,000 after buying an additional 206,000 shares during the period. BlackRock Inc. raised its stake in shares of Viad by 3.5% in the fourth quarter. BlackRock Inc. now owns 2,595,050 shares of the business services provider’s stock worth $143,767,000 after buying an additional 87,607 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Viad in the fourth quarter worth about $3,006,000. Finally, Vanguard Group Inc. raised its stake in shares of Viad by 4.3% in the second quarter. Vanguard Group Inc. now owns 1,118,705 shares of the business services provider’s stock worth $52,859,000 after buying an additional 46,596 shares during the period. 86.10% of the stock is currently owned by institutional investors.

In other Viad news, Director Robert E. Munzenrider sold 2,100 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $56.01, for a total value of $117,621.00. Following the transaction, the director now owns 21,179 shares of the company’s stock, valued at $1,186,235.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

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About Viad

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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