Todays Report: The Equities Analysts Offer Predictions for Viad Corp.’s FY2016 Earnings (VVI)

The Equities Analysts Offer Predictions for Viad Corp.’s FY2016 Earnings (VVI)

Viad Corp. (NYSE:VVI) – Research analysts at B. Riley boosted their FY2016 earnings estimates for shares of Viad Corp. in a report released on Friday. B. Riley analyst I. Corydon now anticipates that the firm will post earnings of $2.33 per share for the year, up from their prior estimate of $2.31. B. Riley has a “Buy” rating and a $42.00 price objective on the stock. B. Riley also issued estimates for Viad Corp.’s Q3 2017 earnings at $1.43 EPS.

Viad Corp. (NYSE:VVI) last announced its quarterly earnings results on Thursday, October 27th. The company reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.18. Viad Corp. had a net margin of 3.78% and a return on equity of 14.85%. The business had revenue of $382.47 million for the quarter, compared to analysts’ expectations of $373.47 million. During the same quarter last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was up 49.4% compared to the same quarter last year.

Separately, Zacks Investment Research cut shares of Viad Corp. from a “buy” rating to a “hold” rating in a report on Thursday.

Viad Corp. (NYSE:VVI) opened at 39.90 on Monday. The company has a market cap of $809.37 million, a PE ratio of 43.09 and a beta of 0.93. The firm’s 50 day moving average is $36.21 and its 200 day moving average is $33.32. Viad Corp. has a 52-week low of $25.90 and a 52-week high of $40.25.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 9th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Wednesday, September 7th. Viad Corp.’s dividend payout ratio (DPR) is presently 17.94%.

In other Viad Corp. news, Director Robert E. Munzenrider sold 2,000 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $35.87, for a total value of $71,740.00. Following the sale, the director now owns 22,106 shares in the company, valued at $792,942.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mason Street Advisors LLC purchased a new position in shares of Viad Corp. during the second quarter valued at about $123,000. BlackRock Inc. increased its position in shares of Viad Corp. by 184.5% in the second quarter. BlackRock Inc. now owns 4,020 shares of the company’s stock valued at $124,000 after buying an additional 2,607 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in shares of Viad Corp. during the second quarter valued at about $138,000. BNP Paribas Arbitrage SA increased its position in shares of Viad Corp. by 112.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,319 shares of the company’s stock valued at $196,000 after buying an additional 3,342 shares in the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Viad Corp. during the second quarter valued at about $211,000. Hedge funds and other institutional investors own 88.30% of the company’s stock.

About Viad Corp.

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