$158.47 Million in Sales Expected for Viad Corp (NYSE:VVI) This Quarter

Wall Street brokerages expect Viad Corp (NYSE:VVIGet Rating) to report sales of $158.47 million for the current quarter, according to Zacks. Two analysts have made estimates for Viad’s earnings. The highest sales estimate is $160.93 million and the lowest is $156.00 million. Viad posted sales of $28.94 million during the same quarter last year, which would indicate a positive year over year growth rate of 447.6%. The company is expected to announce its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Viad will report full-year sales of $940.58 million for the current financial year, with estimates ranging from $909.40 million to $971.76 million. For the next financial year, analysts forecast that the company will report sales of $1.34 billion, with estimates ranging from $1.24 billion to $1.44 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Viad.

Viad (NYSE:VVIGet Rating) last released its quarterly earnings results on Thursday, February 10th. The business services provider reported ($1.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.87) by ($0.32). The firm had revenue of $183.57 million for the quarter, compared to the consensus estimate of $152.83 million. Viad had a negative return on equity of 73.12% and a negative net margin of 18.26%. During the same quarter in the previous year, the business posted ($2.11) EPS.

VVI has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Viad from a “sell” rating to a “hold” rating in a report on Friday, January 7th. Sidoti cut Viad from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research note on Friday, February 11th. StockNews.com started coverage on Viad in a report on Thursday, March 31st. They set a “sell” rating for the company. Finally, B. Riley cut their price objective on Viad from $59.00 to $51.00 and set a “buy” rating for the company in a report on Monday, March 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $46.50.

In other news, CEO Steven W. Moster bought 3,304 shares of the business’s stock in a transaction on Monday, March 7th. The stock was acquired at an average price of $29.09 per share, with a total value of $96,113.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. O Shaughnessy Asset Management LLC bought a new stake in Viad in the third quarter valued at approximately $26,000. Pinebridge Investments L.P. bought a new stake in Viad in the fourth quarter valued at approximately $73,000. Royal Bank of Canada lifted its position in Viad by 119.0% in the second quarter. Royal Bank of Canada now owns 1,706 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 927 shares during the last quarter. First Mercantile Trust Co. lifted its position in Viad by 30.9% in the third quarter. First Mercantile Trust Co. now owns 2,094 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 494 shares during the last quarter. Finally, SkyView Investment Advisors LLC bought a new stake in Viad in the fourth quarter valued at approximately $161,000. 94.06% of the stock is owned by institutional investors and hedge funds.

NYSE VVI opened at $34.96 on Tuesday. The company has a fifty day simple moving average of $34.48. Viad has a 12-month low of $27.75 and a 12-month high of $52.72. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 4.86. The firm has a market cap of $719.44 million, a P/E ratio of -6.78 and a beta of 1.89.

About Viad (Get Rating)

Viad Corp operates as an experiential leisure travel, and live events and marketing services company in the United States, Canada, the United Kingdom, Continental Europe, the United Arab Emirates, and Iceland. It operates through two segments, Pursuit and GES. The Pursuit segment offers vertically integrated attractions and hospitality in destinations with a collection of attractions, lodges, and sightseeing tours.

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