Q2 2024 Earnings Forecast for Viad Corp Issued By B. Riley (NYSE:VVI)

Viad Corp (NYSE:VVI - Free Report) - B. Riley lifted their Q2 2024 earnings per share (EPS) estimates for shares of Viad in a report released on Monday, May 6th. B. Riley analyst B. Maher now anticipates that the business services provider will post earnings of $0.77 per share for the quarter, up from their prior forecast 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 raised Viad from a "d+" rating to a "c-" rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Viad has a consensus rating of "Moderate Buy" and an average target price of $44.33.

Viad Trading Down 0.7 %

NYSE:VVI traded down $0.23 during midday trading on Wednesday, hitting $34.37. The stock had a trading volume of 76,098 shares, compared to its average volume of 84,953. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 3.35. The stock has a 50-day moving average of $36.19 and a 200 day moving average of $33.91. The company has a market capitalization of $725.83 million, a price-to-earnings ratio of -91.05, a PEG ratio of 1.12 and a beta of 1.97. Viad has a one year low of $21.02 and a one year high of $39.98.

Viad (NYSE:VVI - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.70) by ($0.09). Viad had a net margin of 0.61% and a return on equity of 12.04%. The company had revenue of $291.68 million during the quarter, compared to analysts' expectations of $277.81 million.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in Viad by 51.1% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 91,415 shares of the business services provider's stock valued at $2,395,000 after purchasing an additional 30,915 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Viad by 227.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 31,968 shares of the business services provider's stock valued at $1,262,000 after buying an additional 22,210 shares in the last quarter. Panagora Asset Management Inc. grew its position in shares of Viad by 47.7% in the 4th quarter. Panagora Asset Management Inc. now owns 64,410 shares of the business services provider's stock worth $2,332,000 after buying an additional 20,803 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Viad during the 4th quarter worth approximately $471,000. Finally, Illinois Municipal Retirement Fund purchased a new stake in Viad during the third quarter valued at approximately $329,000. 89.91% of the stock is owned by institutional investors.

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.