Emerald Expositions Events Inc (NYSE:EEX) has earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $14.29.
EEX has been the topic of a number of recent analyst reports. Barclays downgraded Emerald Expositions Events from an “equal weight” rating to an “underweight” rating and set a $12.00 price target on the stock. in a research report on Friday, January 18th. Zacks Investment Research raised Emerald Expositions Events from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. ValuEngine cut Emerald Expositions Events from a “sell” rating to a “strong sell” rating in a report on Friday, May 3rd. Finally, TheStreet upgraded Emerald Expositions Events from a “d” rating to a “c-” rating in a report on Wednesday, May 8th.
NYSE EEX traded down $0.10 during trading on Friday, reaching $12.69. 53,144 shares of the company’s stock were exchanged, compared to its average volume of 146,470. The company has a market cap of $916.10 million, a PE ratio of 9.54, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.74. Emerald Expositions Events has a fifty-two week low of $10.76 and a fifty-two week high of $21.56.
Emerald Expositions Events (NYSE:EEX) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.05). The business had revenue of $137.40 million for the quarter, compared to analyst estimates of $141.44 million. Emerald Expositions Events had a positive return on equity of 11.55% and a negative net margin of 9.76%. Emerald Expositions Events’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. As a group, research analysts anticipate that Emerald Expositions Events will post 1.04 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Monday, May 13th. This is a boost from Emerald Expositions Events’s previous quarterly dividend of $0.07. Emerald Expositions Events’s payout ratio is currently 22.56%.
In related news, insider William Charles sold 9,852 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $12.44, for a total value of $122,558.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karalynn Sprouse sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $13.35, for a total value of $467,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,307 shares of company stock valued at $1,344,463. Corporate insiders own 3.20% of the company’s stock.
Several hedge funds have recently modified their holdings of EEX. FMR LLC boosted its stake in shares of Emerald Expositions Events by 51.8% in the fourth quarter. FMR LLC now owns 8,750,000 shares of the company’s stock valued at $107,975,000 after buying an additional 2,987,172 shares during the period. American Century Companies Inc. boosted its stake in shares of Emerald Expositions Events by 765.0% in the fourth quarter. American Century Companies Inc. now owns 478,698 shares of the company’s stock valued at $5,907,000 after buying an additional 423,360 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Emerald Expositions Events by 72.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 876,335 shares of the company’s stock valued at $10,814,000 after buying an additional 367,734 shares during the period. BlackRock Inc. boosted its stake in shares of Emerald Expositions Events by 22.2% in the third quarter. BlackRock Inc. now owns 1,918,076 shares of the company’s stock valued at $31,610,000 after buying an additional 348,276 shares during the period. Finally, WCM Investment Management LLC boosted its stake in shares of Emerald Expositions Events by 69.0% in the first quarter. WCM Investment Management LLC now owns 829,270 shares of the company’s stock valued at $10,532,000 after buying an additional 338,451 shares during the period. Institutional investors and hedge funds own 34.65% of the company’s stock.
About Emerald Expositions Events
Emerald Expositions Events, Inc operates business-to-business (B2B) trade shows in the United States. The company operates trade shows in various industry sectors, including gift, home, and general merchandise; sports; design and construction; technology; jewelry; and others, such as photography, food, healthcare, industrials, and military.
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