Viad Corp to Post Q2 2018 Earnings of $1.31 Per Share, Northcoast Research Forecasts (VVI)
Viad Corp (NYSE:VVI) – Research analysts at Northcoast Research issued their Q2 2018 earnings per share estimates for Viad in a research report issued to clients and investors on Tuesday. Northcoast Research analyst J. Healy anticipates that the business services provider will post earnings per share of $1.31 for the quarter.
Viad (NYSE:VVI) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported ($0.26) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.04. The business had revenue of $277.30 million for the quarter, compared to analyst estimates of $266.85 million. Viad had a net margin of 4.42% and a return on equity of 12.73%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) earnings per share.
Shares of Viad (VVI) opened at $51.35 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.71 and a debt-to-equity ratio of 0.13. The company has a market cap of $1,059.36, a price-to-earnings ratio of 19.81 and a beta of 0.51. Viad has a 1 year low of $42.05 and a 1 year high of $61.85.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in Viad by 3.5% during the fourth quarter. BlackRock Inc. now owns 2,595,050 shares of the business services provider’s stock worth $143,767,000 after acquiring an additional 87,607 shares in the last quarter. Vanguard Group Inc. raised its position in Viad by 4.3% during the second quarter. Vanguard Group Inc. now owns 1,118,705 shares of the business services provider’s stock worth $52,859,000 after acquiring an additional 46,596 shares in the last quarter. FMR LLC raised its position in Viad by 52.3% during the second quarter. FMR LLC now owns 730,850 shares of the business services provider’s stock worth $34,533,000 after acquiring an additional 250,850 shares in the last quarter. Wells Fargo & Company MN raised its position in Viad by 3.7% during the fourth quarter. Wells Fargo & Company MN now owns 526,425 shares of the business services provider’s stock worth $29,164,000 after acquiring an additional 18,557 shares in the last quarter. Finally, State Street Corp raised its position in Viad by 4.4% during the second quarter. State Street Corp now owns 512,684 shares of the business services provider’s stock worth $24,227,000 after acquiring an additional 21,649 shares in the last quarter. 86.10% of the stock is currently owned by hedge funds and other institutional investors.
In other 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 value 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 SEC, which is accessible through the SEC website. 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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