Viad (VVI) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Viad (NYSE:VVI) issued its quarterly earnings data on Thursday. The business services provider reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.04, Bloomberg Earnings reports. Viad had a net margin of 4.42% and a return on equity of 12.73%. The company had revenue of $277.30 million for the quarter, compared to analysts’ expectations of $266.85 million. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Viad’s revenue for the quarter was up 8.2% on a year-over-year basis.
Shares of Viad (VVI) opened at $53.00 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 company has a market cap of $1,101.20, a price-to-earnings ratio of 18.79 and a beta of 0.51. Viad has a 1 year low of $42.05 and a 1 year high of $61.85.
In other Viad news, Director Robert E. Munzenrider sold 2,100 shares of the company’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 sale, the director now owns 21,179 shares of the company’s stock, valued at $1,186,235.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.
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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