What is B. Riley’s Forecast for Viad FY2024 Earnings?

Viad Corp (NYSE:VVI) – Equities research analysts at B. Riley lifted their FY2024 earnings per share estimates for Viad in a research note issued to investors on Tuesday, November 12th. B. Riley analyst B. Maher now anticipates that the business services provider will earn $1.25 per share for the year, up from their prior forecast of $1.10. B. Riley currently has a “Buy” rating and a $42.00 target price on the stock. The consensus estimate for Viad’s current full-year earnings is $1.25 per share. B. Riley also issued estimates for Viad’s Q4 2024 earnings at ($1.19) EPS, Q1 2025 earnings at ($1.30) EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $2.34 EPS, Q4 2025 earnings at ($1.05) EPS, FY2025 earnings at $0.84 EPS, Q1 2026 earnings at ($1.28) EPS, Q2 2026 earnings at $0.29 EPS, Q3 2026 earnings at $2.53 EPS and FY2026 earnings at $1.07 EPS.

Viad (NYSE:VVI) last announced its quarterly earnings data on Thursday, November 7th. The business services provider reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.14. The firm had revenue of $455.70 million during the quarter, compared to analyst estimates of $437.10 million. Viad had a return on equity of 47.55% and a net margin of 2.68%. During the same period last year, the company posted $1.49 EPS.

Other equities analysts have also recently issued reports about the stock. Oppenheimer boosted their price target on shares of Viad from $41.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com upgraded Viad from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th.

Viad Stock Performance

Shares of VVI opened at $44.62 on Thursday. The company has a market capitalization of $945.94 million, a PE ratio of 89.24, a PEG ratio of 2.31 and a beta of 2.04. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.97 and a current ratio of 1.01. The company’s 50 day moving average price is $37.42 and its 200 day moving average price is $35.35. Viad has a 52 week low of $29.46 and a 52 week high of $47.49.

Institutional Trading of Viad

A number of institutional investors and hedge funds have recently made changes to their positions in VVI. DekaBank Deutsche Girozentrale acquired a new position in Viad in the 2nd quarter valued at $38,000. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Viad by 224.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,241 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 858 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Viad by 63.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider’s stock worth $152,000 after purchasing an additional 1,748 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Viad during the 1st quarter worth about $228,000. Finally, GSA Capital Partners LLP bought a new stake in Viad during the 3rd quarter valued at approximately $210,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

About Viad

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.