Zacks: Viad Corp (VVI) Given $57.25 Consensus Price Target by Brokerages

Shares of Viad Corp (NYSE:VVI) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokers have set a 1-year consensus price objective of $57.25 for the company and are expecting that the company will post ($0.53) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Viad an industry rank of 51 out of 265 based on the ratings given to its competitors.

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Several analysts recently issued reports on the stock. ValuEngine raised shares of Viad from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research cut shares of Viad from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 14th.

Shares of VVI stock opened at $52.30 on Friday. Viad has a one year low of $42.05 and a one year high of $61.85. The stock has a market cap of $1,107.94, a PE ratio of 18.55 and a beta of 0.59. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.63.

Viad (NYSE:VVI) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.04. Viad had a net margin of 4.42% and a return on equity of 12.56%. The company had revenue of $277.30 million during the quarter, compared to analysts’ expectations of $266.85 million. During the same quarter in the prior year, the company earned ($0.11) EPS. Viad’s revenue was up 8.2% compared to the same quarter last year. equities analysts expect that Viad will post 2.73 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 16th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.40 annualized dividend and a yield of 0.76%. Viad’s dividend payout ratio is presently 14.18%.

A number of hedge funds and other institutional investors have recently made changes to their positions in VVI. TimesSquare Capital Management LLC grew its stake in Viad by 54.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 626,875 shares of the business services provider’s stock valued at $34,729,000 after acquiring an additional 221,035 shares in the last quarter. BlackRock Inc. grew its stake in Viad by 3.5% during the 4th quarter. BlackRock Inc. now owns 2,595,050 shares of the business services provider’s stock valued at $143,767,000 after acquiring an additional 87,607 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Viad in the 4th quarter valued at about $3,006,000. Allianz Asset Management GmbH boosted its holdings in Viad by 23.7% in the 4th quarter. Allianz Asset Management GmbH now owns 217,027 shares of the business services provider’s stock valued at $12,023,000 after purchasing an additional 41,561 shares during the last quarter. Finally, Cadence Capital Management LLC acquired a new position in Viad in the 4th quarter valued at about $1,520,000. 88.28% of the stock is owned by institutional investors.

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Viad Company Profile

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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