Northcoast Research Comments on Viad Corp’s Q1 2019 Earnings (VVI)

Viad Corp (NYSE:VVI) – Equities research analysts at Northcoast Research issued their Q1 2019 EPS estimates for Viad in a research note issued on Monday, February 11th. Northcoast Research analyst K. Mehta anticipates that the business services provider will earn ($0.77) per share for the quarter. Northcoast Research also issued estimates for Viad’s Q2 2019 earnings at $1.23 EPS.

Viad (NYSE:VVI) last released its quarterly earnings data on Thursday, February 7th. The business services provider reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.07). Viad had a net margin of 3.79% and a return on equity of 10.66%. The business had revenue of $296.92 million for the quarter, compared to the consensus estimate of $287.40 million. During the same quarter last year, the business earned ($0.26) EPS. Viad’s revenue for the quarter was up 7.1% compared to the same quarter last year.

VVI has been the subject of several other research reports. Zacks Investment Research lowered shares of Viad from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Janney Montgomery Scott started coverage on shares of Viad in a research report on Thursday, November 15th. They set a “buy” rating for the company.

VVI stock opened at $55.41 on Wednesday. Viad has a 52 week low of $46.17 and a 52 week high of $62.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.69 and a quick ratio of 0.64. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 23.80 and a beta of 0.69.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Viad by 2.3% in the 4th quarter. BlackRock Inc. now owns 3,071,206 shares of the business services provider’s stock worth $153,836,000 after acquiring an additional 68,872 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Viad by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,210,248 shares of the business services provider’s stock worth $71,707,000 after acquiring an additional 11,668 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Viad by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 1,210,248 shares of the business services provider’s stock worth $71,707,000 after acquiring an additional 11,668 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Viad by 9.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,086,953 shares of the business services provider’s stock worth $54,445,000 after acquiring an additional 97,400 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Viad by 3.4% in the 3rd quarter. Wells Fargo & Company MN now owns 627,732 shares of the business services provider’s stock worth $37,192,000 after acquiring an additional 20,604 shares during the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

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. The company operates in two business groups, GES and Pursuit. It 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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