Zacks: Viad Corp (VVI) Receives Average Recommendation of “Buy” from Analysts

Shares of Viad Corp (NYSE:VVI) have earned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Viad Corp’s rating score has declined by 100% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a 12-month consensus price objective of $49.25 for the company and are forecasting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given Viad Corp an industry rank of 210 out of 265 based on the ratings given to its competitors.

A number of equities analysts have commented on VVI shares. Northcoast Research reissued a “neutral” rating on shares of Viad Corp in a research note on Monday, February 13th. Zacks Investment Research cut shares of Viad Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 14th. Finally, B. Riley reissued a “buy” rating and issued a $49.25 price target on shares of Viad Corp in a research note on Tuesday, March 14th.



Viad Corp (NYSE:VVI) traded down 1.054% on Friday, reaching $44.575. 96,996 shares of the company’s stock traded hands. The company’s 50 day moving average is $44.81 and its 200-day moving average is $43.32. Viad Corp has a 52-week low of $27.96 and a 52-week high of $48.30. The stock has a market cap of $906.08 million, a price-to-earnings ratio of 21.369 and a beta of 0.51.

Viad Corp (NYSE:VVI) last released its quarterly earnings results on Thursday, February 9th. The business services provider reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.01. Viad Corp had a net margin of 3.51% and a return on equity of 13.54%. The business earned $256.40 million during the quarter, compared to analysts’ expectations of $253.37 million. During the same quarter in the previous year, the company earned ($0.01) EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts expect that Viad Corp will post $2.53 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Friday, March 10th were paid a $0.10 dividend. The ex-dividend date was Wednesday, March 8th. This represents a $0.40 dividend on an annualized basis and a yield of 0.89%. Viad Corp’s dividend payout ratio is presently 19.23%.

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A number of institutional investors have recently added to or reduced their stakes in the company. 1st Global Advisors Inc. boosted its position in Viad Corp by 0.3% in the third quarter. 1st Global Advisors Inc. now owns 9,262 shares of the business services provider’s stock worth $341,000 after buying an additional 26 shares in the last quarter. California Public Employees Retirement System boosted its position in Viad Corp by 3.1% in the third quarter. California Public Employees Retirement System now owns 29,600 shares of the business services provider’s stock worth $1,091,000 after buying an additional 900 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Viad Corp by 6.0% in the third quarter. Great West Life Assurance Co. Can now owns 26,847 shares of the business services provider’s stock worth $989,000 after buying an additional 1,519 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in shares of Viad Corp by 2.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 14,591 shares of the business services provider’s stock worth $538,000 after buying an additional 285 shares during the period. Finally, Northpointe Capital LLC boosted its stake in shares of Viad Corp by 8.9% in the third quarter. Northpointe Capital LLC now owns 478,376 shares of the business services provider’s stock worth $17,638,000 after buying an additional 38,950 shares during the period. 84.39% of the stock is owned by institutional investors and hedge funds.

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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