Analysts Anticipate Viad Corp (VVI) to Announce ($0.53) Earnings Per Share

Viad Corp (NYSE:VVI) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokerages have set a twelve-month consensus price objective of $57.25 for the company and are expecting that the company will post ($0.53) EPS for the current quarter, according to Zacks. Zacks has also assigned Viad an industry rank of 101 out of 265 based on the ratings given to related companies.

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Several equities analysts have issued reports on VVI shares. Zacks Investment Research cut shares of Viad from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 14th. ValuEngine upgraded shares of Viad from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.

NYSE VVI traded up $0.25 on Thursday, hitting $54.40. The company’s stock had a trading volume of 13,063 shares, compared to its average volume of 109,716. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.63. Viad has a 1-year low of $42.05 and a 1-year high of $61.85. The stock has a market cap of $1,085.47, a P/E ratio of 20.29 and a beta of 0.59.

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 the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. Viad had a net margin of 4.42% and a return on equity of 12.56%. The firm had revenue of $277.30 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. analysts predict that Viad will post 2.73 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 16th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.74%. The ex-dividend date was Thursday, March 15th. Viad’s dividend payout ratio (DPR) is currently 15.27%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System boosted its stake in shares of Viad by 4.5% in the 3rd quarter. California Public Employees Retirement System now owns 27,899 shares of the business services provider’s stock valued at $1,699,000 after purchasing an additional 1,199 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Viad by 1.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 153,939 shares of the business services provider’s stock worth $9,375,000 after acquiring an additional 2,523 shares in the last quarter. Cetera Advisors LLC bought a new position in Viad during the third quarter worth $225,000. Quadrature Capital Ltd bought a new position in Viad during the fourth quarter worth $211,000. Finally, Nationwide Fund Advisors boosted its stake in Viad by 23.0% during the third quarter. Nationwide Fund Advisors now owns 33,042 shares of the business services provider’s stock worth $2,012,000 after acquiring an additional 6,182 shares in the last quarter. Hedge funds and other institutional investors own 88.28% of the company’s stock.

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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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