Q2 2024 EPS Estimates for Viad Corp Boosted by Analyst (NYSE:VVI)

Viad Corp (NYSE:VVI) – Research analysts at B. Riley boosted their Q2 2024 earnings per share estimates for shares of Viad in a research report issued to clients and investors on Monday, May 6th. B. Riley analyst B. Maher now expects that the business services provider will post earnings per share of $0.77 for the quarter, up from their prior estimate of $0.19. B. Riley has a “Buy” rating and a $50.00 price objective 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 report on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.33.

Viad Stock Up 4.1 %

Shares of NYSE:VVI opened at $34.60 on Wednesday. Viad has a fifty-two week low of $20.91 and a fifty-two week high of $39.98. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 3.35. The firm’s 50-day simple moving average is $36.19 and its 200-day simple moving average is $33.91. The company has a market cap of $730.68 million, a price-to-earnings ratio of -91.05, a PEG ratio of 1.12 and a beta of 1.97.

Viad (NYSE:VVI) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.09). The firm 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%.

Hedge Funds Weigh In On Viad

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

About Viad

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.