Viad (VVI) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Viad (NYSE:VVI) announced its earnings results on Thursday. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07), Briefing.com reports. Viad had a return on equity of 9.90% and a net margin of 2.34%. The firm had revenue of $296.92 million during the quarter, compared to the consensus estimate of $287.40 million. During the same period in the prior year, the company posted ($0.26) EPS. The firm’s revenue was up 7.1% on a year-over-year basis. Viad updated its Q1 guidance to ($0.85-0.75) EPS.

Shares of NYSE:VVI traded up $0.21 during trading on Thursday, hitting $54.20. The stock had a trading volume of 53,600 shares, compared to its average volume of 54,700. Viad has a 12 month low of $46.17 and a 12 month high of $62.50. The firm has a market capitalization of $1.11 billion, a P/E ratio of 20.69 and a beta of 0.69. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.64 and a current ratio of 0.69.

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Several large investors have recently made changes to their positions in the company. Eaton Vance Management grew its stake in shares of Viad by 5.7% in the 4th quarter. Eaton Vance Management now owns 154,589 shares of the business services provider’s stock worth $7,743,000 after buying an additional 8,357 shares during the last quarter. Boston Partners grew its stake in shares of Viad by 2.0% in the 4th quarter. Boston Partners now owns 61,048 shares of the business services provider’s stock worth $3,058,000 after buying an additional 1,202 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of Viad in the 4th quarter worth approximately $387,000. River Road Asset Management LLC grew its stake in shares of Viad by 464.9% in the 4th quarter. River Road Asset Management LLC now owns 569,948 shares of the business services provider’s stock worth $28,549,000 after buying an additional 469,053 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Viad by 9.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,086,953 shares of the business services provider’s stock worth $54,445,000 after buying an additional 97,400 shares during the last quarter. 88.04% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on VVI shares. Janney Montgomery Scott started coverage on Viad in a research report on Thursday, November 15th. They issued a “buy” rating for the company. Zacks Investment Research lowered Viad from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th.

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About Viad

Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. The company operates in two business groups, GES and Pursuit. It offers event planning and production, look and feel design, layout and floor plan designs, furnishings and carpet, show traffic analysis, marketing and strategy, electrical distribution, cleaning, plumbing, overhead and booth rigging, and material handling services; and signage products and common area structures.

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