Equities Analysts Set Expectations for Viad FY2024 Earnings

Viad Corp (NYSE:VVI - Free Report) - B. Riley raised their FY2024 earnings estimates for shares of Viad in a report issued on Tuesday, November 12th. B. Riley analyst B. Maher now forecasts that the business services provider will earn $1.25 per share for the year, up from their prior estimate of $1.10. B. Riley currently has a "Buy" rating and a $42.00 price objective on the stock. The consensus estimate for Viad's current full-year earnings is $1.10 per share. B. Riley also issued estimates for Viad's Q4 2024 earnings at ($1.19) EPS, Q1 2025 earnings at ($1.30) EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $2.34 EPS, Q4 2025 earnings at ($1.05) EPS, FY2025 earnings at $0.84 EPS, Q1 2026 earnings at ($1.28) EPS, Q2 2026 earnings at $0.29 EPS, Q3 2026 earnings at $2.53 EPS and FY2026 earnings at $1.07 EPS.

Several other equities analysts have also recently issued reports on VVI. Oppenheimer boosted their price objective on shares of Viad from $41.00 to $54.00 and gave the company an "outperform" rating in a research note on Wednesday. StockNews.com upgraded Viad from a "sell" rating to a "hold" rating in a research report on Wednesday, August 7th.

Viad Stock Performance

NYSE:VVI traded up $1.42 during trading hours on Thursday, reaching $44.72. 87,856 shares of the company's stock were exchanged, compared to its average volume of 101,183. Viad has a 1-year low of $29.46 and a 1-year high of $47.49. The company has a 50-day moving average of $36.94 and a 200 day moving average of $35.22. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $948.06 million, a price-to-earnings ratio of 88.86, a P/E/G ratio of 2.70 and a beta of 2.04.

Viad (NYSE:VVI - Get Free Report) last posted its earnings results on Thursday, November 7th. The business services provider reported $2.01 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $0.14. The firm had revenue of $455.70 million for the quarter, compared to the consensus estimate of $437.10 million. Viad had a net margin of 2.68% and a return on equity of 47.55%. During the same period last year, the firm posted $1.49 EPS.

Institutional Investors Weigh In On Viad

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake in shares of Viad by 10.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 28,902 shares of the business services provider's stock valued at $1,036,000 after acquiring an additional 2,808 shares during the last quarter. FMR LLC grew its stake in Viad by 17.5% during the third quarter. FMR LLC now owns 10,732 shares of the business services provider's stock worth $385,000 after buying an additional 1,601 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Viad in the 3rd quarter valued at $286,000. Algert Global LLC lifted its position in Viad by 20.9% during the 3rd quarter. Algert Global LLC now owns 64,424 shares of the business services provider's stock worth $2,308,000 after acquiring an additional 11,123 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Viad by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 187,221 shares of the business services provider's stock valued at $6,708,000 after acquiring an additional 5,556 shares in 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.