Emerald Expositions Events Inc (NYSE:EEX) SVP Lori Jenks sold 6,667 shares of Emerald Expositions Events stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $20.31, for a total value of $135,406.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Emerald Expositions Events traded up $0.11, hitting $20.75, during trading on Thursday, Marketbeat reports. 125,400 shares of the company were exchanged, compared to its average volume of 179,498. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.49 and a beta of 1.15. Emerald Expositions Events Inc has a fifty-two week low of $18.19 and a fifty-two week high of $24.56. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.69.
Emerald Expositions Events (NYSE:EEX) last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.03. The firm had revenue of $142.20 million for the quarter, compared to analyst estimates of $140.50 million. Emerald Expositions Events had a return on equity of 12.24% and a net margin of 26.36%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. analysts anticipate that Emerald Expositions Events Inc will post 1.25 earnings per share for the current year.
Several research analysts have weighed in on the company. ValuEngine lowered Emerald Expositions Events from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Goldman Sachs Group raised Emerald Expositions Events from a “sell” rating to a “neutral” rating in a research report on Wednesday, March 14th. Finally, Zacks Investment Research lowered Emerald Expositions Events from a “hold” rating to a “sell” rating in a research report on Wednesday, May 30th.
Several large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. increased its holdings in shares of Emerald Expositions Events by 31.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 72,747 shares of the company’s stock worth $1,480,000 after acquiring an additional 17,452 shares during the last quarter. Swiss National Bank acquired a new position in shares of Emerald Expositions Events during the 4th quarter worth approximately $626,000. Bank of New York Mellon Corp increased its holdings in shares of Emerald Expositions Events by 324.2% during the 4th quarter. Bank of New York Mellon Corp now owns 233,456 shares of the company’s stock worth $4,748,000 after acquiring an additional 178,426 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Emerald Expositions Events by 8.3% during the 4th quarter. BlackRock Inc. now owns 966,657 shares of the company’s stock worth $19,663,000 after acquiring an additional 74,319 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Emerald Expositions Events by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 178,907 shares of the company’s stock worth $3,638,000 after acquiring an additional 5,757 shares during the last quarter. 34.97% of the stock is currently owned by hedge funds and other institutional investors.
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 comprising photography, food, healthcare, industrials, and military.
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