Viad Corp operates as an experiential leisure travel, and live events and marketing services company in the United States, Canada, the United Kingdom, Continental Europe, the United Arab Emirates, and Iceland. It operates through two segments, Pursuit and GES. The Pursuit segment offers vertically integrated attractions and hospitality in destinations with a collection of attractions, lodges, and sightseeing tours. The GES is a full-service live events company that offers a range of services for exhibitions, conferences, brand experiences, and venues. In addition, the company offers a collection of travel experiences in recreational attractions, food and beverage, retail, and ground transportation services. It serves event organizers and corporate brand marketers directly, as well as through a distribution channel network that include tour operators, tour wholesalers, destination management companies, and retail travel agencies. Viad Corp was founded in 1926 and is headquartered in Scottsdale, Arizona.
Wall Street Analyst Weigh In
Separately, Oppenheimer initiated coverage on Viad in a report on Monday, June 13th. They issued an "outperform" rating and a $42.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Viad currently has an average rating of "Hold" and an average price target of $45.00.
Viad Stock Up 13.7 %
Shares of NYSE:VVI traded up $4.58 during mid-day trading on Friday, hitting $37.90. The company had a trading volume of 241,594 shares, compared to its average volume of 82,874. The company has a market capitalization of $780.36 million, a PE ratio of -22.83, a price-to-earnings-growth ratio of 7.02 and a beta of 1.80. The firm has a 50-day simple moving average of $29.38 and a two-hundred day simple moving average of $32.38. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 6.70. Viad has a one year low of $25.18 and a one year high of $52.72.
Viad (NYSE:VVI - Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The business services provider reported ($1.42) EPS for the quarter, missing analysts' consensus estimates of ($1.13) by ($0.29). Viad had a negative return on equity of 10.09% and a negative net margin of 1.82%. The business had revenue of $177.36 million for the quarter, compared to the consensus estimate of $160.93 million. On average, equities analysts expect that Viad will post 0.36 EPS for the current year.