Viad Corp (NYSE:VVI) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation. Viad’s rating score has declined by 50% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Analysts have set a 12 month consensus price target of $57.25 for the company and are anticipating that the company will post ($0.30) EPS for the current quarter, according to Zacks. Zacks has also given Viad an industry rank of 194 out of 265 based on the ratings given to related companies.
VVI has been the topic of several recent research reports. Zacks Investment Research lowered Viad from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 28th. ValuEngine upgraded Viad from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.
Viad (NYSE VVI) traded up $0.55 during midday trading on Wednesday, hitting $56.00. The stock had a trading volume of 69,752 shares, compared to its average volume of 91,849. The firm has a market cap of $1,140.00, a PE ratio of 15.30 and a beta of 0.51. Viad has a one year low of $42.05 and a one year high of $61.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.71 and a quick ratio of 0.60.
Viad (NYSE:VVI) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.02. Viad had a return on equity of 13.91% and a net margin of 5.86%. The business had revenue of $339.10 million for the quarter, compared to analyst estimates of $327.59 million. During the same period last year, the company earned $1.74 EPS. The firm’s revenue was down 11.3% on a year-over-year basis. equities research analysts forecast that Viad will post 2.59 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were given a $0.10 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.40 annualized dividend and a dividend yield of 0.71%. Viad’s dividend payout ratio is currently 10.93%.
In other news, Director Robert E. Munzenrider sold 2,100 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $1,186,235.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of VVI. FMR LLC lifted its holdings in Viad by 52.3% during the second quarter. FMR LLC now owns 730,850 shares of the business services provider’s stock worth $34,533,000 after acquiring an additional 250,850 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in Viad by 103.1% during the third quarter. TimesSquare Capital Management LLC now owns 405,840 shares of the business services provider’s stock worth $24,716,000 after acquiring an additional 206,000 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Viad by 8.9% during the second quarter. Wells Fargo & Company MN now owns 718,952 shares of the business services provider’s stock worth $33,971,000 after acquiring an additional 58,568 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in Viad during the second quarter worth about $2,752,000. Finally, Vanguard Group Inc. lifted its holdings in Viad by 4.3% during the second quarter. Vanguard Group Inc. now owns 1,118,705 shares of the business services provider’s stock worth $52,859,000 after acquiring an additional 46,596 shares in the last quarter. Hedge funds and other institutional investors own 86.07% 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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