Viad (NYSE:VVI) Issues Q3 Earnings Guidance

Viad (NYSE:VVI) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.77-1.92 for the period, compared to the Thomson Reuters consensus estimate of $2.11. The company issued revenue guidance of $374-389 million, compared to the consensus revenue estimate of $386.85 million.

Several analysts have issued reports on the stock. Northcoast Research reiterated a neutral rating on shares of Viad in a research note on Friday, July 27th. Zacks Investment Research cut shares of Viad from a hold rating to a sell rating in a research report on Friday, May 4th.

Viad opened at $59.35 on Friday, reports. The firm has a market cap of $1.18 billion, a PE ratio of 22.65 and a beta of 0.70. Viad has a fifty-two week low of $49.20 and a fifty-two week high of $61.85. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.54 and a current ratio of 0.64.

Viad (NYSE:VVI) last issued its earnings results on Thursday, July 26th. The business services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.09. The company had revenue of $363.70 million for the quarter, compared to analysts’ expectations of $360.75 million. Viad had a net margin of 2.95% and a return on equity of 8.20%. The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 EPS. equities analysts forecast that Viad will post 2.73 earnings per share for the current year.

Viad Company Profile

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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