Últimas noticias sobre Viad (NYSE:VVI) Bolsa

Viad

Viad Corp is a marketing company engaged in providing extraordinary experiences, including hospitality and leisure activities, experiential marketing, and live events. The company has three segments; Pursuit includes a collection of inspiring and unforgettable travel experiences that includes recreational attractions, hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services, Spiro includes a marketing agency that partners with brands around the world to manage and elevate their experiential marketing activities, and GES Exhibitions is an exhibition services company that partners with exhibition and conference organizers as a full-service provider of strategic and logistics solutions to manage the complexity of their shows.

Viad Corp

Vividion Therapeutics, Inc

REPLENISH NUTRIENTS HLDG by REPLENISH NUTRIENTS HLDG CORP.

Replenish Nutrients Holding Corp

U.S. stocks traded lower toward the end of trading, with the S&amp;P 500 falling around 0.4% on Monday.
The Dow traded down 0.87% to 42,901.38 while the NASDAQ slipped 0.03% to 18,484.12. The S&amp;P 500 also fell, dropping, 0.36% to 5,843.72.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41426981/top-4-consumer-stocks-that-may-dip-this-quarter">Top 4 Consumer Stocks That May Dip This Quarter</a>
Leading and Lagging Sectors Information technology shares jumped by 0.4% on Monday.
In trading on Monday, real estate shares fell by 1.9%.
Top Headline
Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) announced that on October 11, it modified its card processing agreement to extend the deadline for its 2025 notes from October 21 to December 23 and the early maturity date from December 31 to March 3.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Viad Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVI#NYSE">VVI</a>) shares shot up 17% to $41.91 after the company announced it entered into a deal to sell its GES business to Truelink Capital for $535 million.</li>
<li>Shares of Construction Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>) got a boost, surging 11% to $83.11 after the company issued FY25 revenue above estimates. Also, Construction Partners announced it will acquire Asphalt Inc for a mix of cash $654 million in cash and 3 million in class A common stock</li>
<li>Siyata Mobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYTA#NASDAQ">SYTA</a>) shares were also up, gaining 75% to $1.77 after the company announced its next-generation SD7 Ultra series 5G mission-critical push-to-talk cellular radio handsets will be available on T-Mobile&#8217;s 5G network.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Sezzle Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>) shares dropped 14% to $192.77. Sezzle will release its third quarter results after the market close on Nov. 07.</li>
<li>Shares of Innventure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INV#NASDAQ">INV</a>) were down 7% to $11.60.</li>
<li>IGM Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IGMS#NASDAQ">IGMS</a>) was down, falling 9% to $15.27.</li>
</ul>
Commodities In commodity news, oil traded up 2.1% to $70.66 while gold traded up 0.3% at $2,739.00.
Silver traded up 2.4% to $34.040 on Monday, while copper fell 0.6% to $4.3595.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.66%, Germany's DAX fell 1% and France's CAC 40 fell 1.01%. Spain's IBEX 35 Index fell 0.71%, while London's FTSE 100 fell 0.48%.
Producer prices in Germany fell 1.4% year-over-year in September compared to a 0.8% decline in the prior two months.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 0.07%, Hong Kong's Hang Seng Index dipped 1.57%, China's Shanghai Composite Index gaining 0.20% and India's BSE Sensex falling 0.09%.
The People&#8217;s Bank of China cut its one-year loan prime rate by 25bps to 3.1% at the October fixing.
Economics
No major economic reports are scheduled for release today.
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41427706/wall-streets-most-accurate-analysts-spotlight-on-3-health-care-stocks-delivering-high-dividend-yield">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Health Care Stocks Delivering High-Dividend Yields</a></li>
</ul>

Equities

News

Eurozone

Commodities

Intraday Update

Markets

Trading Ideas

IGMS

ROAD

SAVE

SEZL

SYTA

Crude Oil Up 2%; Siyata Mobile Shares Jump

U.S. stocks traded lower midway through trading, with the Dow Jones index falling over 300 points on Monday.
The Dow traded down 0.70% to 42,973.32 while the NASDAQ slipped 0.17% to 18,457.71. The S&amp;P 500 also fell, dropping, 0.40% to 5,841.16.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41426981/top-4-consumer-stocks-that-may-dip-this-quarter">Top 4 Consumer Stocks That May Dip This Quarter</a>
Leading and Lagging Sectors Information technology shares jumped by 0.3% on Monday.
In trading on Monday, real estate shares fell by 1.9%.
Top Headline
Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) announced that on October 11, it modified its card processing agreement to extend the deadline for its 2025 notes from October 21 to December 23 and the early maturity date from December 31 to March 3.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Viad Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVI#NYSE">VVI</a>) shares shot up 14% to $40.64 after the company announced it entered into a deal to sell its GES business to Truelink Capital for $535 million.</li>
<li>Shares of Construction Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>) got a boost, surging 12% to $83.53 after the company issued FY25 revenue above estimates. Also, Construction Partners announced it will acquire Asphalt Inc for a mix of cash $654 million in cash and 3 million in class A common stock</li>
<li>Siyata Mobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYTA#NASDAQ">SYTA</a>) shares were also up, gaining 82% to $1.8294 after the company announced its next-generation SD7 Ultra series 5G mission-critical push-to-talk cellular radio handsets will be available on T-Mobile&#8217;s 5G network.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Sezzle Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>) shares dropped 11% to $200.00. Sezzle will release its third quarter results after the market close on Nov. 07.</li>
<li>Shares of Innventure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INV#NASDAQ">INV</a>) were down 10% to $11.29.</li>
<li>IGM Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IGMS#NASDAQ">IGMS</a>) was down, falling 9% to $15.15.</li>
</ul>
Commodities In commodity news, oil traded up 1.3% to $70.09 while gold traded up 0.2% at $2,735.00.
Silver traded up 1.8% to $33.840 on Monday, while copper fell 0.8% to $4.3500.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.66%, Germany's DAX fell 1% and France's CAC 40 fell 1.01%. Spain's IBEX 35 Index fell 0.71%, while London's FTSE 100 fell 0.48%.
Producer prices in Germany fell 1.4% year-over-year in September compared to a 0.8% decline in the prior two months.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 0.07%, Hong Kong's Hang Seng Index dipped 1.57%, China's Shanghai Composite Index gaining 0.20% and India's BSE Sensex falling 0.09%.
The People&#8217;s Bank of China cut its one-year loan prime rate by 25bps to 3.1% at the October fixing.
Economics
No major economic reports are scheduled for release today.
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41427706/wall-streets-most-accurate-analysts-spotlight-on-3-health-care-stocks-delivering-high-dividend-yield">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Health Care Stocks Delivering High-Dividend Yields</a></li>
</ul>

Earnings

Dow Dips Over 300 Points; Viad Shares Spike Higher

Viad Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVI#NYSE">VVI</a>)&nbsp;shares are trading higher after the company inked a deal to sell its GES business to <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41423964/viad-corp-to-transform-into-pure-play-attractions-and-hospitality-leader-through-sale-of-ges-busin" rel="noreferrer noopener">Truelink Capital</a><a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41423964/viad-corp-to-transform-into-pure-play-attractions-and-hospitality-leader-through-sale-of-ges-busin" rel="noreferrer noopener"> for $535 million</a>.
The purchase price will be adjusted for cash, debt, debt-like items, and normalized working capital and will be paid in cash.
Of this amount, $25 million will be deferred for one year after closing and is contingent solely on the passage of time.
The sale of GES separates Viad&#8217;s global exhibition services and experiential marketing business from its Pursuit attractions and hospitality segment.
GES and Pursuit will remain under Viad until the transaction is finalized, allowing for a smooth transition of GES to Truelink&#8217;s portfolio.
After the sale, Viad plans to rebrand as Pursuit and change its NYSE ticker symbol to PRSU.
Notably, in 2023, Pursuit attracted 3.5 million visitors to its attractions and hosted guests for nearly 420,000 room nights. The business generated $350 million in revenue with an Adjusted EBITDA margin of 26.4%.
The transaction is expected to close by the end of 2024, pending regulatory approvals and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41424712/truelink-capital-signs-deal-to-acquire-ges-from-viad-corp" rel="noreferrer noopener">customary closing conditions</a>.
Post closure, the cash proceeds will be used to retire Viad&#8217;s 2021 Credit Facility, which includes a $317 million outstanding Term Loan B (at SOFR + 425 basis points) and a $170 million revolving credit facility (with no draws as of September 30, 2024).
Steve Moster, Viad&#8217;s President and Chief Executive Officer, said, &#8220;Both Pursuit and GES have seen significant demand and achieved remarkable results. After a decade long growth journey, Pursuit is now an industry leader with the assets, resources and capabilities to stand on its own.&#8221;
&#8221;Through this transformative sale, we intend to establish Pursuit as a pure-play, high-growth, high-return business, with the financial strength and balance sheet to capitalize on its substantial growth prospects in the hospitality and attractions space. Additionally, the improved margin profile and growth trajectory of GES position it well for continued success under a new owner that is committed to maximizing GES&#8217; growth potential.&#8221;
Price Action: VVI shares are up 17.2% at $41.93 at the last check Monday.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/41429320" target="_blank" rel="noreferrer noopener">While Elon Musk Likely To Face Questions About Robotaxi During Earnings Call, Some Analysts Hope Tesla Is Redirecting Focus &#8216;Back To Fundamentals&#8217;</a></li>
</ul>

Mid Cap

Asset Sales

Movers

Viad Shakes Things Up With $535M GES Sale, Rebranding Ahead

U.S. stocks were mixed, with the Dow Jones index falling around 100 points on Monday.
Shares of Construction Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>) rose sharply during Monday's session after the company issued FY25 revenue above estimates.
Also, Construction Partners announced it will acquire Asphalt Inc for a mix of cash $654 million in cash and 3 million in class A common stock
Construction Partners shares surged 11.1% to $83.00 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Ambipar Emergency Response (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBI#NYSE">AMBI</a>) gained 18.4% to $7.75.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) gained 16.1% to $23.67.</li>
<li>Viad Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVI#NYSE">VVI</a>) climbed 16.5% to $41.69 after the company announced it entered into a deal to sell its GES business to Truelink Capital for $535 million.</li>
<li>EHang Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) gained 13.6% to $18.75.</li>
<li>AudioEye, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) jumped 12% to $28.57.</li>
<li>Galiano Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAU#NYSE">GAU</a>) gained 11.2% to $1.6450.</li>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) rose 8.3% to $157.24.</li>
<li>TeraWulf Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>) gained 7% to $5.61.</li>
<li>e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) surged 5.4% to $114.01. Baird analyst Joel Beatty maintained e.l.f. Beauty with an Outperform and lowered the price target from $240 to $175.</li>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) gained 3.7% to $6.99 after the company announced it is partnering with Meta to significantly increase Meta&#8217;s network capacity and help drive its AI ambitions.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41427706/wall-streets-most-accurate-analysts-spotlight-on-3-health-care-stocks-delivering-high-dividend-yield">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Health Care Stocks Delivering High-Dividend Yields</a></li>
</ul>

AEYE

AMBI

LUMN

WULF

Construction Partners, Lumen Technologies, Viad Corp And Other Big Stocks Moving Higher On Monday

WIIM

Viad Corp shares are trading higher after the company announced it entered into a deal to sell its GES business to Truelink Capital for $535 million.

<h3>Gainers</h3>
<ul>
<li>Expion360 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) shares moved upwards by 42.9% to $4.0 during Monday's pre-market session. The market value of their outstanding shares is at $2.2 million. </li>
<li>Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) shares moved upwards by 40.81% to $2.07. The company's market cap stands at $226.7 million. </li>
<li>Caravelle Intl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCO#NASDAQ">HTCO</a>) stock moved upwards by 18.8% to $1.2. The company's market cap stands at $66.9 million. </li>
<li>Shimmick (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIM#NASDAQ">SHIM</a>) shares rose 10.86% to $2.55. The market value of their outstanding shares is at $85.6 million. </li>
<li>Bridger Aerospace Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAER#NASDAQ">BAER</a>) stock increased by 10.79% to $3.49. The company's market cap stands at $185.5 million. </li>
<li>Viad (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVI#NYSE">VVI</a>) stock rose 9.25% to $39.09. The market value of their outstanding shares is at $827.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock declined by 24.3% to $3.98 during Monday's pre-market session. The market value of their outstanding shares is at $2.7 million. </li>
<li>Swvl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) shares fell 7.8% to $3.55. The market value of their outstanding shares is at $30.2 million. </li>
<li>Agrify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGFY#NASDAQ">AGFY</a>) stock fell 7.73% to $3.82. The company's market cap stands at $5.0 million. </li>
<li>Staffing 360 Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) stock declined by 6.85% to $2.28. The company's market cap stands at $2.0 million. </li>
<li>Shengfeng Development (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFWL#NASDAQ">SFWL</a>) shares decreased by 6.11% to $1.23. The company's market cap stands at $101.4 million. </li>
<li>Frontier Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) stock declined by 5.65% to $6.6. The market value of their outstanding shares is at $1.4 billion. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AGFY

BAER

EFSH

HTCO

SFWL

SHIM

STAF

SWVL

ULCC

XPON

12 Industrials Stocks Moving In Monday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Expion360 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) shares rose 42.9% to $4.0 during Monday's pre-market session. The market value of their outstanding shares is at $2.2 million. </li>
<li>Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) stock rose 40.81% to $2.07. The company's market cap stands at $226.7 million. </li>
<li>Caravelle Intl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCO#NASDAQ">HTCO</a>) shares increased by 18.8% to $1.2. The market value of their outstanding shares is at $66.9 million. </li>
<li>Shimmick (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIM#NASDAQ">SHIM</a>) stock increased by 10.86% to $2.55. The market value of their outstanding shares is at $85.6 million. </li>
<li>Bridger Aerospace Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAER#NASDAQ">BAER</a>) stock increased by 10.79% to $3.49. The market value of their outstanding shares is at $185.5 million. </li>
<li>Viad (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVI#NYSE">VVI</a>) stock rose 9.25% to $39.09. The company's market cap stands at $827.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock fell 24.3% to $3.98 during Monday's pre-market session. The company's market cap stands at $2.7 million. </li>
<li>Swvl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) shares decreased by 7.8% to $3.55. The market value of their outstanding shares is at $30.2 million. </li>
<li>Agrify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGFY#NASDAQ">AGFY</a>) stock decreased by 7.73% to $3.82. The company's market cap stands at $5.0 million. </li>
<li>Staffing 360 Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) shares fell 6.85% to $2.28. The market value of their outstanding shares is at $2.0 million. </li>
<li>Shengfeng Development (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFWL#NASDAQ">SFWL</a>) stock declined by 6.11% to $1.23. The market value of their outstanding shares is at $101.4 million. </li>
<li>Frontier Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) stock declined by 5.65% to $6.6. The market value of their outstanding shares is at $1.4 billion. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

David Barry, President of Pursuit since 2015, will serve as Chief Executive Officer and President of Pursuit as a standalone publicly traded company following closing of the GES transaction. At that time, Steve Moster, Viad&#39;s current President and CEO, will transition into an advisory role.
GES and Pursuit will continue to operate under Viad until the transaction closes, allowing management and Truelink to deliver a successful transition of GES to a standalone entity within Truelink&#39;s portfolio.&nbsp;

Viad Intends To Change Its Corporate Name And Relaunch As Pursuit And Change NYSE Common Stock Ticker Symbol To PRSU, Upon Completion Of Sale Of GES

The transaction is expected to close by the end of 2024, subject to regulatory approvals and customary closing conditions.
The transaction separates GES, a global exhibition services and experiential marketing business, from Viad&#39;s Pursuit attractions and hospitality business.&nbsp;
&nbsp;

Viad Enters Definitive Deal To Sell Its GES Business To Truelink Capital For $535M

Oppenheimer analyst Tyler Batory reiterates Viad (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVI#NYSE">VVI</a>) with a Outperform and maintains $41 price target.

Price Target

Reiteration

Analyst Ratings

Oppenheimer Reiterates Outperform on Viad, Maintains $41 Price Target

B. Riley Securities analyst Bryan Maher reiterates Viad (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVI#NYSE">VVI</a>) with a Buy and lowers the price target from $46 to $42.

B. Riley Securities Reiterates Buy on Viad, Lowers Price Target to $42

Oppenheimer analyst Tyler Batory reiterates Viad (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVI#NYSE">VVI</a>) with a Outperform and lowers the price target from $43 to $41.

Oppenheimer Reiterates Outperform on Viad, Lowers Price Target to $41

Viad shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates.

Our guidance for Viad consolidated, Pursuit, and GES is below. Pursuit's guidance range assumes Jasper National Park re-opens on September 3 and is subject to change due to the evolving wildfire situation. We will update as appropriate during the third quarter.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">(in millions)</td>
<td colspan="1" rowspan="1">Third Quarter</td>
<td colspan="1" rowspan="1">Full Year</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Viad Consolidated</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">$418 to $463</td>
<td colspan="1" rowspan="1">Up high-single digits</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA</td>
<td colspan="1" rowspan="1">$87 to $105</td>
<td colspan="1" rowspan="1">$151 to $176</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Cash flow from Operations</td>
<td colspan="1" rowspan="1">$70 to $80</td>
<td colspan="1" rowspan="1">$80 to $100</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Capital Expenditures</td>
<td colspan="1" rowspan="1">
$14 to $19
(including growth capex of ~$4)
</td>
<td colspan="1" rowspan="1">
$65 to $70
(including growth capex of ~$20)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Effective Tax Rate</td>
<td colspan="1" rowspan="1">11% to 12%</td>
<td colspan="1" rowspan="1">28% to 29%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Pursuit</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">$160 to $185</td>
<td colspan="1" rowspan="1">In line with prior year</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA</td>
<td colspan="1" rowspan="1">$75 to $90</td>
<td colspan="1" rowspan="1">$80 to $95</td>
</tr>
<tr>
<td colspan="1" rowspan="1">GES</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">$258 to $278</td>
<td colspan="1" rowspan="1">Up low-double digits</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA</td>
<td colspan="1" rowspan="1">$15 to $19</td>
<td colspan="1" rowspan="1">$85 to $95</td>
</tr>
</tbody>
</table>
</figure>

Guidance

Viad Sees Q3 2024 Revenue $418M-$463M Vs $359.2M Estimate

Viad (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVI#NYSE">VVI</a>) reported quarterly earnings of $0.97 per share which beat the analyst consensus estimate of $0.82 by 18.29 percent. The company reported quarterly sales of $378.538 million which beat the analyst consensus estimate of $359.276 million by 5.36 percent. This is a 18.18 percent increase over sales of $320.311 million the same period last year.

Earnings Beats

Viad Q2 2024 Adj. EPS $0.97 Beats $0.82 Estimate, Sales $378.538M Beat $359.276M Estimate

Viad Corp to Expand Pursuit's Collection With $18M Acquisition of Jasper SkyTram; Expects $4M Revenue Addition; Total Payment of C$25M

2024 Outlook
Our guidance for Viad consolidated, Pursuit, and GES is as follows:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">(in millions)</td>
<td colspan="1" rowspan="1">Second Quarter</td>
<td colspan="1" rowspan="1">Full Year</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Viad Consolidated</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">$352 to $377</td>
<td colspan="1" rowspan="1">Up high-single to low-double digits</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA</td>
<td colspan="1" rowspan="1">$51 to $59</td>
<td colspan="1" rowspan="1">$171 to $191</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Cash flow from Operations</td>
<td colspan="1" rowspan="1">$35 to $45</td>
<td colspan="1" rowspan="1">$120 to $140</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Capital Expenditures</td>
<td colspan="1" rowspan="1">
$20 to $25
(including growth capex of ~$5)
</td>
<td colspan="1" rowspan="1">
$65 to $70
(including growth capex of ~$20)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Pursuit</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">$92 to $97</td>
<td colspan="1" rowspan="1">Up mid-single digits</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA</td>
<td colspan="1" rowspan="1">$20 to $24</td>
<td colspan="1" rowspan="1">$105 to $115</td>
</tr>
<tr>
<td colspan="1" rowspan="1">GES</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">$260 to $280</td>
<td colspan="1" rowspan="1">Up low-double digits</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA</td>
<td colspan="1" rowspan="1">$34.5 to $38.5</td>
<td colspan="1" rowspan="1">$80 to $90</td>
</tr>
</tbody>
</table>
</figure>

Viad Sees Q2 Revenue $352M-$377M Vs $328.97M Est.; FY24 Revenue Up High-Single To Low-Double Digits

Viad (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVI#NYSE">VVI</a>) reported quarterly losses of $(1.13) per share which missed the analyst consensus estimate of $(1.07) by 5.61 percent. This is a 1.74 percent increase over losses of $(1.15) per share from the same period last year. The company reported quarterly sales of $273.497 million which beat the analyst consensus estimate of $269.516 million by 1.48 percent. This is a 4.87 percent increase over sales of $260.791 million the same period last year.

Earnings Misses

Viad Q1 2024 Adj EPS $(1.13) Misses $(1.07) Estimate, Sales $273.497M Beat $269.516M Estimate

Viad Says It Maintains Its Previously Disclosed Outlook For Year Ending Dec. 31, 2024; Launched Process To Effect Potential Repricing Of Credit Spread On Its $400M Term Loan B

B. Riley Securities analyst Bryan Maher reiterates Viad (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVI#NYSE">VVI</a>) with a Buy and raises the price target from $46 to $50.

B. Riley Securities Reiterates Buy on Viad, Raises Price Target to $50

Craig-Hallum analyst Alex Fuhrman maintained a Buy rating on Viad (VVI – Research Report) today. The company's shares closed yesterday at $34.50. F...

Craig-Hallum Keeps Their Buy Rating on Viad (VVI)

In a report released today, Alex Fuhrman from Craig-Hallum maintained a Buy rating on Viad (VVI – Research Report). The company's shares closed las...

Viad (VVI) Receives a Buy from Craig-Hallum

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Knight Transportation (KNX – Research Report...

Analysts Offer Insights on Industrial Goods Companies: Knight Transportation (KNX), 3M (MMM) and Viad (VVI)

Viad (VVI) has entered into a definitive agreement to sell its GES business to Truelink Capital for $535M. The transaction is expected to close by ...

Viad to change name after selling GES Business to Truelink Capital for $535M

Viad ( ($VVI) ) has provided an update. Viad Corp is set to transform into a pure-play attractions and hospitality leader by selling its GES busine...

Viad Sells GES Business, Rebrands as Pursuit

Viad ( ($VVI) ) just unveiled an announcement. Viad Corp has agreed to sell its GES business to TL Voltron Purchaser, LLC for $535 million, a deal ...

Viad Corp to Sell GES Business and Appoint New CEO

Viad (VVI) is up 25.7%, or $9.18 to $44.96. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. T...

Viad rises 25.7%

Viad (VVI) is up 20.2%, or $7.25 to $43.02. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. T...

Viad rises 20.2%

Viad (VVI) is up 14.4%, or $5.15 to $40.93. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. T...

Viad rises 14.4%

Craig-Hallum keeps a Buy rating on Viad (VVI) with a price target of $50 after the company announced it is selling GES for $535M to Truelink Capita...

Comments

Viad

Noticias

Últimas noticias sobre Viad (NYSE:VVI) Bolsa

La gente también mira

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL