Viad (VVI) Reaches New 52-Week Low After Earnings Miss

Viad Corp (NYSE:VVI) shares reached a new 52-week low during trading on Friday after the company announced weaker than expected quarterly earnings. The company traded as low as $47.00 and last traded at $48.20, with a volume of 3582 shares traded. The stock had previously closed at $52.46.

The business services provider reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.12). The firm had revenue of $358.16 million for the quarter, compared to analysts’ expectations of $381.40 million. Viad had a return on equity of 8.20% and a net margin of 2.95%.

The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 7th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. Viad’s dividend payout ratio is presently 15.27%.



A number of research firms recently issued reports on VVI. Zacks Investment Research downgraded Viad from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. ValuEngine downgraded Viad from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Northcoast Research restated a “neutral” rating on shares of Viad in a research note on Friday, July 27th.

A number of large investors have recently added to or reduced their stakes in VVI. Tower Research Capital LLC TRC lifted its position in Viad by 395.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,146 shares of the business services provider’s stock worth $224,000 after acquiring an additional 3,309 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Viad during the 2nd quarter worth approximately $235,000. Xact Kapitalforvaltning AB acquired a new stake in Viad during the 1st quarter worth approximately $312,000. SG Americas Securities LLC acquired a new stake in Viad during the 2nd quarter worth approximately $314,000. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in Viad during the 2nd quarter worth approximately $326,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 18.74 and a beta of 0.64.

About Viad (NYSE:VVI)

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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