Somewhat Positive Press Coverage Somewhat Unlikely to Impact Viad (VVI) Share Price
Media coverage about Viad (NYSE:VVI) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Viad earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 48.2588617209446 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
- From February 11-14 Milan and Mipel Will Be The Window for 8 Special Innovative Brands (prweb.com)
- Analysts Anticipate Viad Corp (VVI) to Announce $0.00 Earnings Per Share (americanbankingnews.com)
- Viad (VVI) Posts Earnings Results, Beats Expectations By $0.04 EPS (americanbankingnews.com)
- Viad Corp Reports 2017 Fourth Quarter and Full Year Results (finance.yahoo.com)
Separately, ValuEngine raised Viad from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.13.
Viad (NYSE:VVI) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported ($0.26) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.04. Viad had a return on equity of 12.73% and a net margin of 4.42%. The firm had revenue of $277.30 million during the quarter, compared to analyst estimates of $266.85 million. During the same period last year, the company earned ($0.11) earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. research analysts forecast that Viad will post 2.92 earnings per share for the current year.
In other news, Director Robert E. Munzenrider sold 2,100 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $56.01, for a total value of $117,621.00. Following the completion of the transaction, the director now directly owns 21,179 shares of the company’s stock, valued at $1,186,235.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.
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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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