Viad Corp (NYSE:VVI) – Equities researchers at Northcoast Research increased their Q2 2017 earnings estimates for Viad Corp in a research note issued to investors on Wednesday. Northcoast Research analyst J. Healy now expects that the business services provider will earn $0.99 per share for the quarter, up from their previous estimate of $0.97. Northcoast Research also issued estimates for Viad Corp’s FY2017 earnings at $2.38 EPS and FY2018 earnings at $2.55 EPS.
Viad Corp (NYSE:VVI) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $0.96 by $0.26. Viad Corp had a return on equity of 16.45% and a net margin of 4.35%. The company had revenue of $364.77 million during the quarter, compared to the consensus estimate of $347.35 million. During the same period last year, the company earned $1.04 EPS. Viad Corp’s revenue for the quarter was up 12.3% on a year-over-year basis.
A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Viad Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. BidaskClub upgraded Viad Corp from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th.
Shares of Viad Corp (NYSE VVI) opened at 52.35 on Friday. The company has a 50-day moving average price of $47.46 and a 200 day moving average price of $45.50. Viad Corp has a 12-month low of $34.40 and a 12-month high of $52.65. The company has a market capitalization of $1.07 billion, a P/E ratio of 18.98 and a beta of 0.51.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Viad Corp by 68,605.4% in the first quarter. BlackRock Inc. now owns 2,476,143 shares of the business services provider’s stock valued at $111,922,000 after buying an additional 2,472,539 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Viad Corp by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,689,239 shares of the business services provider’s stock valued at $76,353,000 after buying an additional 5,983 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Viad Corp by 5.3% in the first quarter. Vanguard Group Inc. now owns 1,072,109 shares of the business services provider’s stock valued at $48,459,000 after buying an additional 54,217 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Viad Corp by 11.6% in the first quarter. Wells Fargo & Company MN now owns 660,384 shares of the business services provider’s stock valued at $29,849,000 after buying an additional 68,738 shares in the last quarter. Finally, State Street Corp raised its position in shares of Viad Corp by 7.4% in the first quarter. State Street Corp now owns 491,035 shares of the business services provider’s stock valued at $22,197,000 after buying an additional 33,660 shares in the last quarter. 86.78% of the stock is currently owned by institutional investors.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Friday, June 2nd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, May 31st. Viad Corp’s dividend payout ratio is currently 14.49%.
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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