Viad (NYSE:VVI) Rating Reiterated by B. Riley

B. Riley reissued their buy rating on shares of Viad (NYSE:VVI) in a research report report published on Monday, Benzinga reports. The firm currently has a $42.00 target price on the business services provider’s stock, down from their previous target price of $46.00. B. Riley also issued estimates for Viad’s Q3 2024 earnings at $1.87 EPS, 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.

VVI has been the subject of several other research reports. StockNews.com raised Viad from a sell rating to a hold rating in a research note on Wednesday, August 7th. Oppenheimer restated an outperform rating and set a $41.00 price objective (down previously from $43.00) on shares of Viad in a research report on Friday, August 9th.

Viad Trading Up 1.7 %

Shares of NYSE:VVI opened at $32.53 on Monday. The company has a 50 day moving average of $34.24 and a 200-day moving average of $34.90. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 4.67. The firm has a market cap of $687.29 million, a P/E ratio of -85.61, a P/E/G ratio of 1.47 and a beta of 2.04. Viad has a twelve month low of $22.88 and a twelve month high of $40.27.

Viad (NYSE:VVI) last released its earnings results on Tuesday, August 6th. The business services provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.20. Viad had a return on equity of 12.70% and a net margin of 0.61%. The firm had revenue of $378.54 million during the quarter, compared to the consensus estimate of $358.72 million. During the same period in the prior year, the firm posted $0.36 earnings per share. As a group, analysts anticipate that Viad will post 1.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viad

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VVI. Bank of Montreal Can acquired a new position in shares of Viad in the second quarter worth $2,380,000. Millennium Management LLC raised its stake in shares of Viad by 36.8% in the 2nd quarter. Millennium Management LLC now owns 147,817 shares of the business services provider’s stock valued at $5,026,000 after acquiring an additional 39,796 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Viad by 455.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,466 shares of the business services provider’s stock worth $1,172,000 after purchasing an additional 28,262 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Viad by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 400,769 shares of the business services provider’s stock worth $13,626,000 after purchasing an additional 22,339 shares during the period. Finally, Los Angeles Capital Management LLC grew its holdings in Viad by 227.6% during the first quarter. Los Angeles Capital Management LLC now owns 31,968 shares of the business services provider’s stock valued at $1,262,000 after purchasing an additional 22,210 shares during the last quarter. Hedge funds and other 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.