Goldman Sachs upgraded shares of Emerald Expositions (NYSE:EEX) from a sell rating to a neutral rating in a research report sent to investors on Wednesday, March 14th, Marketbeat reports.
Several other research firms have also issued reports on EEX. Zacks Investment Research lowered Emerald Expositions from a buy rating to a hold rating in a research note on Friday, February 23rd. ValuEngine upgraded Emerald Expositions from a hold rating to a buy rating in a research note on Friday, March 2nd. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Emerald Expositions currently has an average rating of Buy and an average price target of $24.36.
EEX stock traded down $0.22 during midday trading on Wednesday, hitting $19.67. The stock had a trading volume of 193,881 shares, compared to its average volume of 387,490. The stock has a market cap of $1,431.56 and a P/E ratio of 17.72. Emerald Expositions has a 52 week low of $18.19 and a 52 week high of $24.56. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.42 and a quick ratio of 0.42.
Emerald Expositions (NYSE:EEX) last issued its earnings results on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.07. Emerald Expositions had a return on equity of 10.10% and a net margin of 24.01%. The firm had revenue of $31.50 million during the quarter, compared to analysts’ expectations of $31.57 million. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. equities research analysts anticipate that Emerald Expositions will post 1.25 EPS for the current year.
In other news, CEO David Loechner sold 92,587 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $21.26, for a total value of $1,968,399.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Corp Onex sold 6,000,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $17.76, for a total value of $106,560,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,888,992 shares of company stock valued at $122,834,803.
Large investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its position in Emerald Expositions by 5.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 55,295 shares of the company’s stock worth $1,286,000 after purchasing an additional 2,803 shares during the period. California State Teachers Retirement System increased its position in Emerald Expositions by 13.0% in the fourth quarter. California State Teachers Retirement System now owns 28,583 shares of the company’s stock worth $581,000 after purchasing an additional 3,288 shares during the period. Gabelli Funds LLC increased its position in Emerald Expositions by 8.0% in the fourth quarter. Gabelli Funds LLC now owns 54,000 shares of the company’s stock worth $1,098,000 after purchasing an additional 4,000 shares during the period. Deutsche Bank AG increased its position in Emerald Expositions by 12.7% in the fourth quarter. Deutsche Bank AG now owns 40,674 shares of the company’s stock worth $826,000 after purchasing an additional 4,575 shares during the period. Finally, Geode Capital Management LLC increased its position in Emerald Expositions by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 178,907 shares of the company’s stock worth $3,638,000 after purchasing an additional 5,757 shares during the period. Institutional investors own 30.03% of the company’s stock.
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About Emerald Expositions
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 comprising photography, food, healthcare, industrials, and military.
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