$1.41 EPS Expected for Viad Corp (NYSE:VVI) This Quarter
Brokerages predict that Viad Corp (NYSE:VVI) will post earnings of $1.41 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Viad Corp’s earnings. The lowest EPS estimate is $1.31 and the highest is $1.61. Viad Corp posted earnings of $1.74 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 19%. The business is expected to issue its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Viad Corp will report full-year earnings of $2.67 per share for the current year, with EPS estimates ranging from $2.44 to $2.82. For the next fiscal year, analysts anticipate that the company will post earnings of $2.80 per share, with EPS estimates ranging from $2.65 to $2.93. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Viad Corp.
Viad Corp (NYSE:VVI) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.26. The business had revenue of $364.77 million for the quarter, compared to analyst estimates of $347.35 million. Viad Corp had a net margin of 4.85% and a return on equity of 16.76%. Viad Corp’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 EPS.
VVI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Viad Corp from a “hold” rating to a “strong-buy” rating and set a $57.00 price target on the stock in a report on Saturday, July 29th. BidaskClub upgraded Viad Corp from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th.
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Shares of Viad Corp (NYSE VVI) opened at 52.80 on Friday. The firm has a market capitalization of $1.08 billion, a P/E ratio of 16.66 and a beta of 0.54. Viad Corp has a one year low of $34.40 and a one year high of $54.75. The firm’s 50-day moving average is $49.57 and its 200 day moving average is $46.13.
Institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC boosted its position in 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. O Shaughnessy Asset Management LLC boosted its position in Viad Corp by 265.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 25,162 shares of the business services provider’s stock worth $1,137,000 after buying an additional 18,270 shares during the last quarter. Comerica Bank boosted its position in Viad Corp by 2.1% in the first quarter. Comerica Bank now owns 22,481 shares of the business services provider’s stock worth $1,036,000 after buying an additional 462 shares during the last quarter. LS Investment Advisors LLC boosted its position in 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. Finally, Stevens Capital Management LP boosted its position in Viad Corp by 17.0% in the first quarter. Stevens Capital Management LP now owns 8,666 shares of the business services provider’s stock worth $392,000 after buying an additional 1,262 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.
About Viad Corp
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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