Viad Corp (NYSE:VVI) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.
Separately, Zacks Investment Research cut shares of Viad Corp from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd.
Viad Corp (NYSE VVI) traded down 0.30% during mid-day trading on Monday, reaching $49.15. 175,255 shares of the company were exchanged. The company’s 50 day moving average price is $46.94 and its 200-day moving average price is $45.33. Viad Corp has a 12 month low of $31.56 and a 12 month high of $49.55. The stock has a market capitalization of $1.00 billion, a P/E ratio of 17.82 and a beta of 0.51.
Viad Corp (NYSE:VVI) last announced its earnings results on Friday, April 28th. The business services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.17 by $0.16. Viad Corp had a net margin of 4.35% and a return on equity of 16.45%. The company had revenue of $325.81 million during the quarter, compared to analysts’ expectations of $312.15 million. During the same period last year, the company posted ($0.30) earnings per share. The business’s revenue for the quarter was up 35.0% on a year-over-year basis. On average, equities analysts expect that Viad Corp will post $2.46 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in Viad Corp by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 2,240 shares of the business services provider’s stock worth $101,000 after buying an additional 40 shares during the period. Louisiana State Employees Retirement System raised its stake in Viad Corp by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,300 shares of the business services provider’s stock worth $375,000 after buying an additional 100 shares during the period. Arizona State Retirement System raised its stake in Viad Corp by 1.0% in the first quarter. Arizona State Retirement System now owns 10,573 shares of the business services provider’s stock worth $478,000 after buying an additional 100 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in Viad Corp by 4.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 4,865 shares of the business services provider’s stock worth $220,000 after buying an additional 200 shares during the period. Finally, Atlantic Trust Group LLC raised its stake in Viad Corp by 0.8% in the first quarter. Atlantic Trust Group LLC now owns 28,633 shares of the business services provider’s stock worth $1,294,000 after buying an additional 236 shares during the period. 86.78% of the stock is owned by institutional investors and hedge funds.
Viad Corp 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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