Viad (NYSE:VVI) Given Buy Rating at B. Riley

B. Riley reiterated their buy rating on shares of Viad (NYSE:VVI) in a research note issued to investors on Monday, Benzinga reports. They currently have a $42.00 price target on the business services provider’s stock, down from their previous price target of $46.00. B. Riley also issued estimates for Viad’s Q3 2024 earnings at $1.87 EPS, Q4 2024 earnings at ($1.20) EPS, FY2024 earnings at $1.10 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $2.11 EPS, Q4 2025 earnings at ($0.54) EPS, FY2025 earnings at $1.48 EPS, Q1 2026 earnings at ($1.02) EPS, Q2 2026 earnings at $0.66 EPS and FY2026 earnings at $1.98 EPS.

A number of other brokerages have also recently commented on VVI. StockNews.com upgraded Viad from a sell rating to a hold rating in a research report on Wednesday, August 7th. Oppenheimer restated an outperform rating and issued a $41.00 target price (down from $43.00) on shares of Viad in a research report on Friday, August 9th.

Viad Price Performance

Shares of Viad stock opened at $32.53 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 4.67. The stock has a market capitalization of $687.29 million, a price-to-earnings ratio of -85.61, a price-to-earnings-growth ratio of 1.47 and a beta of 2.04. Viad has a twelve month low of $22.88 and a twelve month high of $40.27. The company has a 50-day simple moving average of $34.24 and a two-hundred day simple moving average of $34.90.

Viad (NYSE:VVI) last released its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.20. Viad had a net margin of 0.61% and a return on equity of 12.70%. The company had revenue of $378.54 million during the quarter, compared to the consensus estimate of $358.72 million. During the same period in the previous year, the business earned $0.36 earnings per share. Analysts forecast that Viad will post 1.45 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System bought a new position in shares of Viad in the fourth quarter worth about $211,000. Louisiana State Employees Retirement System acquired a new stake in Viad in the fourth quarter valued at approximately $380,000. Yousif Capital Management LLC grew its stake in shares of Viad by 21.1% during the fourth quarter. Yousif Capital Management LLC now owns 12,696 shares of the business services provider’s stock worth $460,000 after buying an additional 2,208 shares during the last quarter. Bailard Inc. acquired a new position in shares of Viad during the fourth quarter worth $212,000. Finally, Semanteon Capital Management LP acquired a new position in Viad in the 4th quarter worth about $329,000. Institutional investors own 89.91% of the company’s stock.

Viad Company Profile

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.