Somewhat Positive News Coverage Somewhat Unlikely to Affect Viad (VVI) Share Price
Press coverage about Viad (NYSE:VVI) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Viad earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 45.8093174424477 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Viad Corp : Declares Quarterly Dividend (4-traders.com)
- Viad : Virginia Henkels to Join Viad Corp Board of Directors (4-traders.com)
- Viad Corp Announces Quarterly Dividend of $0.10 (VVI) (americanbankingnews.com)
- Viad Corp Declares Quarterly Dividend (markets.financialcontent.com)
Shares of Viad (NYSE VVI) opened at $57.60 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.60 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $1,175.70, a P/E ratio of 20.79 and a beta of 0.50. Viad has a 12-month low of $42.05 and a 12-month high of $61.85.
Viad (NYSE:VVI) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. The firm had revenue of $339.10 million for the quarter, compared to analysts’ expectations of $327.59 million. Viad had a return on equity of 13.91% and a net margin of 5.86%. The business’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 EPS. equities research analysts anticipate that Viad will post 2.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.40 annualized dividend and a yield of 0.69%. Viad’s dividend payout ratio (DPR) is presently 10.84%.
Separately, Zacks Investment Research downgraded Viad from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 28th.
In other Viad news, Director Robert E. Munzenrider sold 2,100 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $56.01, for a total transaction of $117,621.00. Following the completion of the sale, the director now directly owns 21,179 shares in the company, valued at approximately $1,186,235.79. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.00% of the company’s stock.
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Viad Company Profile
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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