Somewhat Positive Media Coverage Somewhat Unlikely to Affect Viad Corp (VVI) Share Price
News stories about Viad Corp (NYSE:VVI) have been trending somewhat positive on Thursday, according to Accern. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Viad Corp earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 46.6809400606388 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several research firms have issued reports on VVI. Zacks Investment Research lowered Viad Corp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 28th. BidaskClub upgraded Viad Corp from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th.
Shares of Viad Corp (VVI) traded down 0.33% during trading on Thursday, hitting $60.40. The stock had a trading volume of 102,130 shares. Viad Corp has a 52 week low of $34.40 and a 52 week high of $61.65. The company’s 50 day moving average price is $56.10 and its 200 day moving average price is $48.89. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 19.05 and a beta of 0.52.
Viad Corp (NYSE:VVI) last released its earnings results on Thursday, July 27th. The business services provider reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.26. The business had revenue of $364.77 million for the quarter, compared to analysts’ expectations of $347.35 million. Viad Corp had a return on equity of 16.76% and a net margin of 4.85%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share. Analysts predict that Viad Corp will post $2.76 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.66%. Viad Corp’s dividend payout ratio is presently 12.62%.
Viad Corp Company Profile
Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.
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