Viad (VVI) Sets New 52-Week Low at $46.17

Viad Corp (NYSE:VVI) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $46.17 and last traded at $46.54, with a volume of 1735 shares trading hands. The stock had previously closed at $47.52.

A number of research analysts have issued reports on VVI shares. Zacks Investment Research cut Viad from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. Janney Montgomery Scott started coverage on Viad in a research note on Thursday, November 15th. They set a “buy” rating for the company. Finally, ValuEngine cut Viad from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd.

The company has a market cap of $969.02 million, a PE ratio of 18.56 and a beta of 0.85. The company has a quick ratio of 0.64, a current ratio of 0.69 and a debt-to-equity ratio of 0.09.

Viad (NYSE:VVI) last announced its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.84 by ($0.12). The company had revenue of $358.16 million for the quarter, compared to analysts’ expectations of $381.40 million. Viad had a net margin of 2.34% and a return on equity of 9.90%. Analysts expect that Viad Corp will post 2.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 14th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Thursday, December 13th. Viad’s payout ratio is 15.27%.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Viad by 1.0% in the third quarter. Vanguard Group Inc. now owns 1,210,248 shares of the business services provider’s stock worth $71,707,000 after purchasing an additional 11,668 shares during the last quarter. Morgan Stanley raised its stake in shares of Viad by 24.7% in the third quarter. Morgan Stanley now owns 89,770 shares of the business services provider’s stock worth $5,317,000 after purchasing an additional 17,808 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Viad by 7.1% in the third quarter. Legal & General Group Plc now owns 48,360 shares of the business services provider’s stock worth $2,858,000 after purchasing an additional 3,221 shares during the last quarter. IndexIQ Advisors LLC raised its stake in shares of Viad by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 43,341 shares of the business services provider’s stock worth $2,568,000 after purchasing an additional 1,638 shares during the last quarter. Finally, MetLife Investment Advisors LLC raised its stake in shares of Viad by 60.0% in the third quarter. MetLife Investment Advisors LLC now owns 14,292 shares of the business services provider’s stock worth $847,000 after purchasing an additional 5,360 shares during the last quarter. Hedge funds and other institutional investors own 88.11% of the company’s stock.

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About Viad (NYSE:VVI)

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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