B. Riley Comments on Viad Corp’s Q2 2024 Earnings (NYSE:VVI)

Viad Corp (NYSE:VVI) – Stock analysts at B. Riley increased their Q2 2024 earnings per share estimates for shares of Viad in a research note issued on Monday, May 6th. B. Riley analyst B. Maher now forecasts that the business services provider will earn $0.77 per share for the quarter, up from their previous estimate 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 upgraded shares of 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.33.

Viad Trading Up 2.5 %

Shares of Viad stock opened at $35.23 on Wednesday. Viad has a 1-year low of $21.02 and a 1-year high of $39.98. The company’s fifty day simple moving average is $36.12 and its 200-day simple moving average is $33.93. 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 stock has a market capitalization of $743.99 million, a PE ratio of -92.71, a P/E/G 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 (EPS) for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.09). Viad had a return on equity of 12.04% and a net margin of 0.61%. The business had revenue of $291.68 million during the quarter, compared to analysts’ expectations of $277.81 million.

Institutional Investors Weigh In On Viad

Several institutional investors have recently made changes to their positions in VVI. SkyView Investment Advisors LLC increased its position in shares of Viad by 2.5% during the third quarter. SkyView Investment Advisors LLC now owns 15,615 shares of the business services provider’s stock worth $409,000 after acquiring an additional 375 shares during the period. Texas Permanent School Fund Corp increased its holdings in Viad by 2.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 18,308 shares of the business services provider’s stock worth $723,000 after purchasing an additional 414 shares during the period. PNC Financial Services Group Inc. raised its position in Viad by 5.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,848 shares of the business services provider’s stock valued at $284,000 after purchasing an additional 522 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Viad by 5.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,609 shares of the business services provider’s stock worth $498,000 after buying an additional 619 shares during the period. Finally, Comerica Bank grew its position in shares of Viad by 2.0% during the 4th quarter. Comerica Bank now owns 33,730 shares of the business services provider’s stock worth $1,221,000 after buying an additional 655 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

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.