Viad (VVI) Updates Q1 Earnings Guidance

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Viad (NYSE:VVI) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of ($0.85-0.75) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.32). The company issued revenue guidance of $270-282 million, compared to the consensus revenue estimate of $295.75 million.

Shares of VVI stock traded up $0.21 during mid-day trading on Thursday, reaching $54.20. The company’s stock had a trading volume of 53,600 shares, compared to its average volume of 54,700. Viad has a 12-month low of $46.17 and a 12-month high of $62.50. The company has a current ratio of 0.69, a quick ratio of 0.64 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.11 billion, a PE ratio of 20.69 and a beta of 0.69.

Viad (NYSE:VVI) last issued its earnings results on Thursday, February 7th. The business services provider reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.07). Viad had a net margin of 2.34% and a return on equity of 9.90%. The business had revenue of $296.92 million during the quarter, compared to analysts’ expectations of $287.40 million. During the same period in the prior year, the business posted ($0.26) EPS. The business’s revenue was up 7.1% on a year-over-year basis. Equities research analysts expect that Viad will post 2.43 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Viad from a hold rating to a sell rating in a report on Saturday, October 27th. Janney Montgomery Scott assumed coverage on shares of Viad in a report on Thursday, November 15th. They set a buy rating for the company.

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Viad Company Profile

Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. The company operates in two business groups, GES and Pursuit. It offers event planning and production, look and feel design, layout and floor plan designs, furnishings and carpet, show traffic analysis, marketing and strategy, electrical distribution, cleaning, plumbing, overhead and booth rigging, and material handling services; and signage products and common area structures.

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