Viad Corp (NYSE:VVI) – Northcoast Research issued their Q1 2018 earnings per share (EPS) estimates for shares of Viad in a report issued on Tuesday. Northcoast Research analyst J. Healy forecasts that the business services provider will post earnings of ($0.54) per share for the quarter. Northcoast Research also issued estimates for Viad’s Q3 2018 earnings at $2.15 EPS and Q4 2018 earnings at ($0.19) EPS.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Viad from a “hold” rating to a “strong sell” rating in a report on Wednesday. ValuEngine upgraded shares of Viad from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.
Viad (NYSE:VVI) last announced its earnings results on Thursday, February 8th. The business services provider reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.04. Viad had a net margin of 4.42% and a return on equity of 12.73%. The company had revenue of $277.30 million during the quarter, compared to analysts’ expectations of $266.85 million. During the same period last year, the company posted ($0.11) earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis.
Several hedge funds have recently bought and sold shares of the stock. Millennium Management LLC acquired a new stake in shares of Viad during the fourth quarter worth approximately $465,000. Teachers Advisors LLC boosted its holdings in shares of Viad by 4.4% during the fourth quarter. Teachers Advisors LLC now owns 402,566 shares of the business services provider’s stock worth $22,302,000 after purchasing an additional 17,082 shares during the period. HBK Investments L P acquired a new stake in shares of Viad during the fourth quarter worth approximately $620,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Viad during the fourth quarter worth approximately $529,000. Finally, Deutsche Bank AG boosted its holdings in shares of Viad by 110.9% during the fourth quarter. Deutsche Bank AG now owns 49,769 shares of the business services provider’s stock worth $2,755,000 after purchasing an additional 26,168 shares during the period. Institutional investors and hedge funds own 86.10% of the company’s stock.
In related news, Director Robert E. Munzenrider sold 2,100 shares of the firm’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 completion of the sale, the director now directly owns 21,179 shares in the company, valued at $1,186,235.79. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.
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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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