Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Viad Corp (NYSE:VVI) Share Price
Media stories about Viad Corp (NYSE:VVI) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Viad Corp earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 46.4891987731244 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several research analysts have issued reports on the company. BidaskClub raised Viad Corp from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Zacks Investment Research cut Viad Corp from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd.
Viad Corp (NYSE:VVI) opened at 52.80 on Friday. The company has a market cap of $1.08 billion, a PE ratio of 16.66 and a beta of 0.54. The firm has a 50 day moving average price of $49.57 and a 200 day moving average price of $46.13. Viad Corp has a 12-month low of $34.40 and a 12-month high of $54.75.
Viad Corp (NYSE:VVI) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.26. Viad Corp had a net margin of 4.85% and a return on equity of 16.76%. The firm had revenue of $364.77 million for the quarter, compared to analysts’ expectations of $347.35 million. During the same period last year, the firm earned $1.04 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts anticipate that Viad Corp will post $2.76 earnings per share for the current fiscal year.
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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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