Viad Corp to Post Q3 2024 Earnings of $1.87 Per Share, B. Riley Forecasts (NYSE:VVI)

Viad Corp (NYSE:VVI) – Stock analysts at B. Riley reduced their Q3 2024 EPS estimates for Viad in a research note issued to investors on Monday, August 12th. B. Riley analyst B. Maher now anticipates that the business services provider will post earnings of $1.87 per share for the quarter, down from their prior estimate of $2.27. B. Riley has a “Buy” rating and a $42.00 price target on the stock. The consensus estimate for Viad’s current full-year earnings is $1.45 per share. B. Riley also issued estimates for Viad’s Q4 2024 earnings at ($1.20) EPS, FY2024 earnings at $1.10 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $2.11 EPS, Q4 2025 earnings at ($0.54) EPS, FY2025 earnings at $1.48 EPS, Q1 2026 earnings at ($1.02) EPS, Q2 2026 earnings at $0.66 EPS and FY2026 earnings at $1.98 EPS.

A number of other research firms have also recently issued reports on VVI. Oppenheimer restated an “outperform” rating and set a $41.00 price objective (down from $43.00) on shares of Viad in a research report on Friday, August 9th. StockNews.com raised shares of Viad from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th.

Viad Trading Up 1.7 %

Viad stock opened at $32.53 on Wednesday. The business has a 50 day moving average price of $34.24 and a two-hundred day moving average price of $34.90. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 4.67. Viad has a 12 month low of $22.88 and a 12 month high of $40.27. The stock has a market cap of $687.29 million, a price-to-earnings ratio of -85.61, a price-to-earnings-growth ratio of 1.47 and a beta of 2.04.

Viad (NYSE:VVI) last announced its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.20. Viad had a net margin of 0.61% and a return on equity of 12.70%. The business had revenue of $378.54 million during the quarter, compared to analyst estimates of $358.72 million. During the same quarter in the prior year, the business earned $0.36 earnings per share.

Hedge Funds Weigh In On Viad

Hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in shares of Viad by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 8,107 shares of the business services provider’s stock worth $276,000 after purchasing an additional 350 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Viad by 0.6% during the second quarter. Rhumbline Advisers now owns 61,437 shares of the business services provider’s stock worth $2,089,000 after buying an additional 375 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in Viad by 2.3% in the first quarter. Texas Permanent School Fund Corp now owns 18,308 shares of the business services provider’s stock valued at $723,000 after purchasing an additional 414 shares during the last quarter. ClariVest Asset Management LLC boosted its holdings in Viad by 2.8% during the second quarter. ClariVest Asset Management LLC now owns 22,553 shares of the business services provider’s stock worth $767,000 after buying an additional 612 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in shares of Viad by 5.2% during 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. 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.