Viad Corp (NYSE:VVI) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 387,700 shares, a growth of 33.2% from the May 30th total of 291,100 shares. Based on an average daily volume of 115,600 shares, the short-interest ratio is currently 3.4 days. Approximately 2.0% of the shares of the stock are sold short.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. ValuEngine downgraded Xylem from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th.
In other Viad news, Director Robert E. Munzenrider sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $62.91, for a total transaction of $125,820.00. Following the sale, the director now owns 21,025 shares in the company, valued at $1,322,682.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.
NYSE VVI opened at $69.30 on Friday. The company’s 50-day moving average price is $65.35. Viad has a twelve month low of $46.17 and a twelve month high of $69.67. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $1.41 billion, a P/E ratio of 29.87 and a beta of 0.70.
Viad (NYSE:VVI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported ($0.51) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.76) by $0.25. Viad had a return on equity of 10.56% and a net margin of 3.13%. The firm had revenue of $285.60 million for the quarter, compared to analysts’ expectations of $272.40 million. During the same period last year, the firm earned ($0.49) earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts expect that Viad will post 2.6 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.58%. Viad’s dividend payout ratio (DPR) is currently 17.09%.
Viad Company Profile
Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. It operates in two business groups, GES and Pursuit. The company offers event planning and production, look and feel design, layout and floor plan designs, furnishings and carpet, show traffic analysis, marketing and strategy, electrical distribution, cleaning, plumbing, overhead and booth rigging, and material handling services; and signage products and common area structures.
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