Analysts Expect Viad Corp (VVI) to Post ($0.51) Earnings Per Share

Viad Corp (NYSE:VVI) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Brokers have set a 12-month consensus price objective of $57.25 for the company and are predicting that the company will post ($0.51) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Viad an industry rank of 133 out of 265 based on the ratings given to related companies.

VVI has been the topic of several analyst reports. ValuEngine upgraded Viad from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered Viad from a “hold” rating to a “strong sell” rating in a research note on Wednesday.

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 stock was sold at an average price of $56.01, for a total value of $117,621.00. Following the transaction, the director now directly owns 21,179 shares of the company’s stock, valued at approximately $1,186,235.79. The sale 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.

Institutional investors and hedge funds have recently made changes to their positions in the company. Violich Capital Management Inc. acquired a new position in shares of Viad in the 3rd quarter worth approximately $202,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Viad in the 3rd quarter worth approximately $215,000. Cetera Advisors LLC acquired a new position in shares of Viad in the 3rd quarter worth approximately $225,000. Quadrature Capital Ltd acquired a new position in Viad during the 4th quarter worth $211,000. Finally, Piedmont Investment Advisors LLC acquired a new position in Viad during the 2nd quarter worth $208,000. 86.10% of the stock is currently owned by institutional investors and hedge funds.

Viad (VVI) opened at $51.70 on Thursday. Viad has a 12 month low of $42.05 and a 12 month high of $61.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.60 and a current ratio of 0.71. The stock has a market capitalization of $1,059.36, a PE ratio of 18.33 and a beta of 0.51.

Viad (NYSE:VVI) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.04. Viad had a return on equity of 12.73% and a net margin of 4.42%. The company had revenue of $277.30 million for the quarter, compared to analyst estimates of $266.85 million. During the same period in the prior year, the company posted ($0.11) EPS. The company’s revenue was up 8.2% compared to the same quarter last year. equities analysts anticipate that Viad will post 2.85 EPS for the current fiscal year.

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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.

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