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 reiterated a buy rating and issued a $39.25 target price on shares of Viad Corp. in a research report on Thursday, June 16th.
Shares of Viad Corp. (NYSE:VVI) traded up 0.641% during mid-day trading on Thursday, hitting $35.325. 16,678 shares of the company were exchanged. The company has a market capitalization of $716.57 million, a price-to-earnings ratio of 38.148 and a beta of 0.93. The firm has a 50 day moving average of $36.19 and a 200 day moving average of $32.78. Viad Corp. has a 12-month low of $25.90 and a 12-month high of $37.85.
Viad Corp. (NYSE:VVI) last released its earnings results on Thursday, July 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.22. Viad Corp. had a return on equity of 6.77% and a net margin of 1.75%. The firm had revenue of $324.70 million for the quarter, compared to analysts’ expectations of $304.90 million. During the same quarter in the previous year, the business posted $1.18 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts forecast that Viad Corp. will post $2.28 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 9th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, September 7th. Viad Corp.’s dividend payout ratio (DPR) is currently 43.48%.
In other news, Director Robert E. Munzenrider sold 2,000 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $35.87, for a total transaction of $71,740.00. Following the sale, the director now directly owns 22,106 shares in the company, valued at $792,942.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Mason Street Advisors LLC bought a new stake in shares of Viad Corp. during the second quarter valued at approximately $123,000. BlackRock Inc. boosted its stake in shares of Viad Corp. by 184.5% in the second quarter. BlackRock Inc. now owns 4,020 shares of the company’s stock valued at $124,000 after buying an additional 2,607 shares during the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of Viad Corp. during the second quarter valued at approximately $138,000. BNP Paribas Arbitrage SA boosted its stake in shares of Viad Corp. by 112.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,319 shares of the company’s stock valued at $196,000 after buying an additional 3,342 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of Viad Corp. during the second quarter valued at approximately $211,000. Institutional investors own 88.32% of the company’s stock.
Viad Corp. Company Profile
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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