Viad Corp (NYSE:VVI) has received a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. Viad’s rating score has improved by 33.3% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 12-month consensus target price of $70.00 for the company and are expecting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given Viad an industry rank of 99 out of 256 based on the ratings given to its competitors.
Several equities research analysts have recently commented on VVI shares. ValuEngine downgraded shares of Viad from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research cut shares of Viad from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Finally, Janney Montgomery Scott began coverage on shares of Viad in a research report on Thursday, November 15th. They set a “buy” rating on the stock.
Shares of VVI stock traded up $0.17 during trading hours on Tuesday, reaching $52.81. The company had a trading volume of 43,617 shares, compared to its average volume of 76,610. Viad has a 12 month low of $46.17 and a 12 month high of $62.50. The company has a quick ratio of 0.64, a current ratio of 0.69 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.07 billion, a PE ratio of 20.16 and a beta of 0.74.
Viad (NYSE:VVI) last announced its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.72 EPS for the quarter, missing the Zacks’ consensus estimate of $1.84 by ($0.12). The firm had revenue of $358.16 million during 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%. On average, equities research analysts anticipate that Viad will post 2.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Friday, December 14th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Thursday, December 13th. Viad’s dividend payout ratio is presently 15.27%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in shares of Viad by 395.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,146 shares of the business services provider’s stock worth $224,000 after purchasing an additional 3,309 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Viad in the 2nd quarter worth $314,000. GSA Capital Partners LLP purchased a new stake in shares of Viad in the 2nd quarter worth $353,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Viad in the 3rd quarter worth $458,000. Finally, MetLife Investment Advisors LLC increased its stake in shares of Viad by 60.0% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 88.08% 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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