Shares of Emerald Expositions Events Inc (NYSE:EEX) have received an average rating of “Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $24.50.
A number of research firms recently weighed in on EEX. Zacks Investment Research cut shares of Emerald Expositions Events from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 7th. Goldman Sachs Group cut shares of Emerald Expositions Events from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 23rd. Finally, Robert W. Baird boosted their price target on shares of Emerald Expositions Events from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd.
In other Emerald Expositions Events news, Director Jeffrey G. Naylor sold 12,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $22.13, for a total value of $265,560.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David Loechner sold 53,139 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $22.34, for a total transaction of $1,187,125.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 235,883 shares of company stock worth $5,039,458.
A number of hedge funds have recently made changes to their positions in EEX. Bank of New York Mellon Corp bought a new stake in shares of Emerald Expositions Events in the 2nd quarter worth about $1,196,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Emerald Expositions Events in the 2nd quarter worth about $1,150,000. Vanguard Group Inc. bought a new stake in shares of Emerald Expositions Events in the 2nd quarter worth about $27,309,000. JPMorgan Chase & Co. increased its holdings in shares of Emerald Expositions Events by 12.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,661,574 shares of the company’s stock worth $38,748,000 after buying an additional 189,166 shares during the last quarter. Finally, Bamco Inc. NY increased its holdings in shares of Emerald Expositions Events by 7.5% in the 3rd quarter. Bamco Inc. NY now owns 1,075,000 shares of the company’s stock worth $24,983,000 after buying an additional 75,000 shares during the last quarter. Institutional investors and hedge funds own 26.63% of the company’s stock.
Emerald Expositions Events (NYSE:EEX) traded down $0.01 on Tuesday, hitting $21.44. 49,113 shares of the company were exchanged, compared to its average volume of 84,966. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.63 and a current ratio of 0.63. Emerald Expositions Events has a 52 week low of $18.67 and a 52 week high of $24.56.
Emerald Expositions Events (NYSE:EEX) last released its earnings results on Thursday, November 2nd. The company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. Emerald Expositions Events had a net margin of 5.19% and a return on equity of 7.09%. The company had revenue of $100.40 million for the quarter, compared to analysts’ expectations of $107.24 million. During the same quarter in the previous year, the company earned $0.43 EPS. Emerald Expositions Events’s revenue for the quarter was down .1% on a year-over-year basis. equities analysts expect that Emerald Expositions Events will post 1.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, February 8th.
WARNING: “Emerald Expositions Events Inc (EEX) Receives Average Recommendation of “Buy” from Brokerages” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/04/emerald-expositions-events-inc-eex-receives-average-recommendation-of-buy-from-brokerages.html.
Emerald Expositions Events Company Profile
Emerald Expositions Events, Inc (Emerald), formerly Expo Event Holdco, Inc, is an operator of business-to-business (B2B) trade shows. The Company operates across multiple sectors, which includes: Gift, Home and General Merchandise; Sports; Design and Construction; Technology; Jewelry; Other Trade Shows; and Other Events.
Receive News & Ratings for Emerald Expositions Events Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerald Expositions Events and related companies with MarketBeat.com's FREE daily email newsletter.