Emerald Expositions Events (EEX) Releases FY18 Earnings Guidance

Emerald Expositions Events (NYSE:EEX) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.20-1.30 for the period, compared to the Thomson Reuters consensus estimate of $1.15. The company issued revenue guidance of $367-375 million, compared to the consensus revenue estimate of $363.38 million.

Shares of Emerald Expositions Events (EEX) traded up $0.07 during mid-day trading on Thursday, reaching $22.12. 45,823 shares of the company’s stock were exchanged, compared to its average volume of 80,293. 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 1 year low of $18.67 and a 1 year high of $24.56.

Emerald Expositions Events (NYSE:EEX) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. The firm had revenue of $31.50 million for the quarter, compared to analysts’ expectations of $31.57 million. Emerald Expositions Events had a net margin of 5.19% and a return on equity of 7.09%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. equities research analysts anticipate that Emerald Expositions Events will post 1.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.28 dividend on an annualized basis and a yield of 1.27%.

EEX has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Emerald Expositions Events from a hold rating to a buy rating and set a $24.00 price target on the stock in a research report on Friday, January 19th. Robert W. Baird lifted their price target on shares of Emerald Expositions Events from $23.00 to $24.00 and gave the company a neutral rating in a research report on Friday, November 3rd. Finally, Goldman Sachs Group cut shares of Emerald Expositions Events from a neutral rating to a sell rating in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $24.36.

In other news, insider Joseph Randall sold 39,540 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $21.32, for a total transaction of $842,992.80. The transaction was disclosed in a legal filing with the SEC, which is available 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. Over the last three months, insiders have sold 361,771 shares of company stock worth $7,709,095.

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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.

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