Viad (NYSE:VVI) Downgraded by ValuEngine

Viad (NYSE:VVI) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research cut Viad from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th.

Viad stock opened at $62.48 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.51 and a quick ratio of 0.48. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 26.70 and a beta of 0.63. Viad has a 1-year low of $46.17 and a 1-year high of $72.27. The business has a fifty day moving average price of $63.50 and a 200-day moving average price of $65.46.

Viad (NYSE:VVI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.13). The business had revenue of $362.50 million during the quarter, compared to analyst estimates of $357.45 million. Viad had a return on equity of 10.22% and a net margin of 1.83%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 EPS. On average, equities research analysts anticipate that Viad will post 2.37 earnings per share for the current fiscal year.

In other Viad news, Director Robert E. Munzenrider sold 1,079 shares of Viad stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $63.70, for a total transaction of $68,732.30. Following the completion of the sale, the director now owns 19,025 shares of the company’s stock, valued at approximately $1,211,892.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of VVI. Arizona State Retirement System lifted its position in Viad by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 31,465 shares of the business services provider’s stock worth $2,084,000 after acquiring an additional 302 shares during the period. Rothschild & Co. Asset Management US Inc. lifted its position in Viad by 6.0% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 136,989 shares of the business services provider’s stock worth $9,074,000 after acquiring an additional 7,802 shares during the period. SG Americas Securities LLC raised its stake in shares of Viad by 299.6% during the 2nd quarter. SG Americas Securities LLC now owns 28,456 shares of the business services provider’s stock valued at $1,885,000 after buying an additional 21,335 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Viad by 13.9% during the 2nd quarter. First Trust Advisors LP now owns 15,623 shares of the business services provider’s stock valued at $1,035,000 after buying an additional 1,904 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Viad during the 2nd quarter valued at about $32,000. 87.87% of the stock is owned by institutional investors.

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. It operates in two business groups, GES and Pursuit. The company 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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