B. Riley Brokers Increase Earnings Estimates for Viad

Viad Corp (NYSE:VVI) – Equities research analysts at B. Riley increased their FY2024 earnings estimates for Viad in a research note issued on Tuesday, November 12th. B. Riley analyst B. Maher now forecasts that the business services provider will post earnings per share of $1.25 for the year, up from their previous 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 issued reports on the company. StockNews.com upgraded Viad from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Oppenheimer raised their target price on shares of Viad from $41.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday.

Viad Stock Up 3.9 %

VVI opened at $44.98 on Thursday. Viad has a 12 month low of $29.46 and a 12 month high of $47.49. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.01. The business’s 50-day moving average price is $36.94 and its 200-day moving average price is $35.22. The company has a market cap of $953.58 million, a P/E ratio of 89.94, a P/E/G ratio of 2.70 and a beta of 2.04.

Viad (NYSE:VVI) last posted its quarterly earnings results on Thursday, November 7th. The business services provider reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.14. Viad had a net margin of 2.68% and a return on equity of 47.55%. The business had revenue of $455.70 million during the quarter, compared to the consensus estimate of $437.10 million. During the same period in the previous year, the firm posted $1.49 earnings per share.

Institutional Investors Weigh In On Viad

Several institutional investors and hedge funds have recently bought and sold shares of the business. Harbor Capital Advisors Inc. lifted its position in shares of 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 period. Allspring Global Investments Holdings LLC lifted its holdings in Viad by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,359,646 shares of the business services provider’s stock worth $48,716,000 after buying an additional 13,814 shares during the period. River Road Asset Management LLC boosted its position in Viad by 3.6% during the 3rd quarter. River Road Asset Management LLC now owns 1,950,097 shares of the business services provider’s stock valued at $69,872,000 after acquiring an additional 67,292 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Viad by 20.4% during the 2nd quarter. Panagora Asset Management Inc. now owns 102,484 shares of the business services provider’s stock worth $3,484,000 after acquiring an additional 17,399 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Viad by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 400,769 shares of the business services provider’s stock worth $13,626,000 after acquiring an additional 22,339 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

About Viad

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.