B. Riley Equities Analysts Lift Earnings Estimates for Viad Corp (NYSE:VVI)

Viad Corp (NYSE:VVI) – Investment analysts at B. Riley raised their Q2 2024 earnings per share (EPS) estimates for shares of Viad in a research report issued on Monday, May 6th. B. Riley analyst B. Maher now anticipates that the business services provider will earn $0.77 per share for the quarter, up from their previous forecast of $0.19. B. Riley has a “Buy” rating and a $50.00 price target on the stock. The consensus estimate for Viad’s current full-year earnings is $2.04 per share. B. Riley also issued estimates for Viad’s Q3 2024 earnings at $2.44 EPS, Q4 2024 earnings at ($1.00) EPS, FY2024 earnings at $1.62 EPS, Q1 2025 earnings at ($1.10) EPS, Q4 2025 earnings at ($0.51) EPS, FY2025 earnings at $1.73 EPS and FY2026 earnings at $2.07 EPS.

Separately, TheStreet raised Viad from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.

Viad Price Performance

Shares of VVI opened at $34.37 on Wednesday. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.03 and a quick ratio of 0.98. The company’s fifty day moving average price is $36.16 and its 200-day moving average price is $33.92. Viad has a 1-year low of $21.02 and a 1-year high of $39.98. The firm has a market capitalization of $725.83 million, a PE ratio of -90.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.97.

Viad (NYSE:VVI) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.70) by ($0.09). The company had revenue of $291.68 million during the quarter, compared to analysts’ expectations of $277.81 million. Viad had a net margin of 0.61% and a return on equity of 12.04%.

Institutional Trading of Viad

Large investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System acquired a new position in Viad in the fourth quarter valued at approximately $380,000. Bailard Inc. purchased a new position in shares of Viad during the 4th quarter valued at approximately $212,000. Hsbc Holdings PLC acquired a new stake in Viad in the 3rd quarter valued at $205,000. Barclays PLC raised its position in Viad by 40.2% during the third quarter. Barclays PLC now owns 22,171 shares of the business services provider’s stock worth $582,000 after acquiring an additional 6,352 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in Viad by 51.1% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 91,415 shares of the business services provider’s stock valued at $2,395,000 after purchasing an additional 30,915 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Viad Company Profile

Viad Corp provides hospitality, leisure activities, experiential marketing, and live events in the United States, Canada, Europe, the Middle East, and Africa. It operates in three segments: Pursuit, Spiro, and GES Exhibitions. The Pursuit segment offers recreational attractions, hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.