Viad Corp (NYSE:VVI) has been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Analysts have set a twelve-month consensus target price of $49.25 for the company and are anticipating that the company will post $0.95 EPS for the current quarter, according to Zacks. Zacks has also assigned Viad Corp an industry rank of 172 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of Viad Corp from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Thursday, April 13th.
Shares of Viad Corp (VVI) traded down 0.52% during mid-day trading on Friday, reaching $48.05. 39,170 shares of the company were exchanged. Viad Corp has a 12 month low of $31.49 and a 12 month high of $48.85. The company’s 50-day moving average is $45.03 and its 200 day moving average is $44.96. The firm has a market capitalization of $979.21 million, a price-to-earnings ratio of 17.42 and a beta of 0.51.
Viad Corp (NYSE:VVI) last released its earnings results on Friday, April 28th. The business services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.16. Viad Corp had a net margin of 4.35% and a return on equity of 16.45%. The firm had revenue of $325.81 million during the quarter, compared to analyst estimates of $312.15 million. During the same quarter in the previous year, the firm earned ($0.30) earnings per share. The firm’s revenue for the quarter was up 35.0% compared to the same quarter last year. Analysts predict that Viad Corp will post $2.46 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Friday, June 2nd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Wednesday, May 31st. Viad Corp’s payout ratio is currently 14.49%.
A number of large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue increased its stake in shares of Viad Corp by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 2,240 shares of the business services provider’s stock worth $101,000 after buying an additional 40 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of Viad Corp during the first quarter worth $151,000. LS Investment Advisors LLC increased its stake in shares of Viad Corp by 374.8% in the first quarter. LS Investment Advisors LLC now owns 3,509 shares of the business services provider’s stock worth $159,000 after buying an additional 2,770 shares during the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Viad Corp during the first quarter worth $208,000. Finally, Mason Street Advisors LLC increased its stake in shares of Viad Corp by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,749 shares of the business services provider’s stock worth $215,000 after buying an additional 311 shares during the last quarter. 86.68% of the stock is owned by institutional investors.
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Viad Corp 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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