B. Riley Has Optimistic Outlook of Viad FY2024 Earnings

Viad Corp (NYSE:VVI) – B. Riley upped their FY2024 earnings estimates for Viad in a note issued to investors on Tuesday, November 12th. B. Riley analyst B. Maher now anticipates that the business services provider will post earnings of $1.25 per share for the year, up from their prior forecast of $1.10. B. Riley has a “Buy” rating and a $42.00 price target on the stock. The consensus estimate for Viad’s current full-year earnings is $1.25 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.

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

Other equities analysts also recently issued research reports about the company. Oppenheimer lifted their price objective on Viad from $41.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday. StockNews.com raised Viad from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th.

Viad Stock Performance

NYSE:VVI opened at $44.62 on Thursday. The stock has a market capitalization of $945.94 million, a P/E ratio of 89.24, a price-to-earnings-growth ratio of 2.31 and a beta of 2.04. Viad has a 1 year low of $29.46 and a 1 year high of $47.49. The firm has a 50 day moving average of $37.42 and a 200-day moving average of $35.35. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.01.

Institutional Investors Weigh In On Viad

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in shares of Viad by 5.4% during the first quarter. BNP Paribas Financial Markets now owns 25,655 shares of the business services provider’s stock worth $1,013,000 after buying an additional 1,317 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of Viad by 2.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 18,308 shares of the business services provider’s stock valued at $723,000 after purchasing an additional 414 shares during the period. Illinois Municipal Retirement Fund boosted its position in shares of Viad by 5.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,609 shares of the business services provider’s stock worth $498,000 after purchasing an additional 619 shares during the last quarter. Sei Investments Co. boosted its position in shares of Viad by 6.7% in the 1st quarter. Sei Investments Co. now owns 132,081 shares of the business services provider’s stock worth $5,216,000 after purchasing an additional 8,257 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Viad by 27.6% during the first quarter. Russell Investments Group Ltd. now owns 15,457 shares of the business services provider’s stock worth $610,000 after purchasing an additional 3,347 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

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.