According to Zacks, “Viad Corp. is comprised of operating companies and a division which constitute a diversified services business. Most of Viad’s services are provided to businesses for use by their customers. Accordingly, the corporation markets its services through retail and financial locations, primarily in the U.S., to numerous trade show organizers and exhibitors, and others. “
Separately, B. Riley reissued a buy rating and set a $42.00 price objective on shares of Viad Corp. in a research report on Wednesday, August 17th.
Shares of Viad Corp. (NYSE:VVI) opened at 35.65 on Thursday. The firm has a market cap of $723.16 million, a P/E ratio of 38.50 and a beta of 0.92. Viad Corp. has a 12-month low of $25.90 and a 12-month high of $37.85. The firm has a 50-day moving average of $36.14 and a 200-day moving average of $32.96.
Viad Corp. (NYSE:VVI) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.22. Viad Corp. had a net margin of 1.75% and a return on equity of 6.77%. The company had revenue of $324.70 million for the quarter, compared to the consensus estimate of $304.90 million. During the same period last year, the firm posted $1.18 EPS. Viad Corp.’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities analysts forecast that Viad Corp. will post $2.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 9th were issued a $0.10 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $0.40 dividend on an annualized basis and a yield of 1.12%. Viad Corp.’s payout ratio is 43.48%.
In related news, Director Robert E. Munzenrider sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $35.87, for a total value of $71,740.00. Following the completion of the sale, the director now directly owns 22,106 shares in the company, valued at $792,942.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in VVI. GMT Capital Corp increased its stake in Viad Corp. by 5.4% in the second quarter. GMT Capital Corp now owns 1,916,781 shares of the company’s stock valued at $59,420,000 after buying an additional 99,038 shares in the last quarter. BlackRock Fund Advisors increased its stake in Viad Corp. by 4.6% in the second quarter. BlackRock Fund Advisors now owns 1,361,241 shares of the company’s stock valued at $42,198,000 after buying an additional 59,846 shares in the last quarter. Vanguard Group Inc. increased its stake in Viad Corp. by 3.4% in the second quarter. Vanguard Group Inc. now owns 884,870 shares of the company’s stock valued at $27,432,000 after buying an additional 29,358 shares in the last quarter. RidgeWorth Capital Management LLC increased its stake in Viad Corp. by 1.1% in the second quarter. RidgeWorth Capital Management LLC now owns 548,080 shares of the company’s stock valued at $16,799,000 after buying an additional 6,017 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Viad Corp. by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 532,623 shares of the company’s stock valued at $15,531,000 after buying an additional 3,538 shares in the last quarter. Institutional investors own 88.30% of the company’s stock.
About Viad Corp.
Viad Corp is an international experiential services company. The Company has operations in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates. The Company conducts its operations through three business segments: the Marketing & Events U.S. Segment (U.S. Segment), the Marketing & Events International Segment (the International Segment) (collectively, the Marketing & Events Group), and the Travel & Recreation Group.
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