Northcoast Research Comments on Viad Corp’s Q3 2018 Earnings (VVI)
Viad Corp (NYSE:VVI) – Northcoast Research increased their Q3 2018 earnings per share (EPS) estimates for shares of Viad in a report issued on Wednesday, September 5th. Northcoast Research analyst J. Healy now expects that the business services provider will post earnings of $1.90 per share for the quarter, up from their previous estimate of $1.84. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Viad’s Q4 2018 earnings at $0.15 EPS and FY2018 earnings at $2.68 EPS.
Shares of VVI opened at $61.65 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.59. Viad has a 1-year low of $49.20 and a 1-year high of $62.45. The company has a market cap of $1.25 billion, a PE ratio of 34.63 and a beta of 0.67.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in Viad by 395.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,146 shares of the business services provider’s stock worth $224,000 after acquiring an additional 3,309 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Viad during the second quarter worth approximately $235,000. SG Americas Securities LLC acquired a new stake in Viad during the second quarter worth approximately $314,000. Xact Kapitalforvaltning AB acquired a new stake in Viad during the first quarter worth approximately $312,000. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in Viad during the second quarter worth approximately $326,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 7th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.65%. Viad’s dividend payout ratio (DPR) is currently 15.27%.
Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. The company operates in two business groups, GES and Pursuit. It offers event planning and production, look and feel design, layout and floor plan designs, furnishings and carpet, show traffic analysis, marketing and strategy, electrical distribution, cleaning, plumbing, overhead and booth rigging, and material handling services; and signage products and common area structures.
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