Analysts expect that Emerald Expositions Events Inc (NYSE:EEX) will post earnings of $0.58 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Emerald Expositions Events’ earnings. The lowest EPS estimate is $0.56 and the highest is $0.59. Emerald Expositions Events posted earnings per share of $0.66 during the same quarter last year, which would indicate a negative year-over-year growth rate of 12.1%. The company is scheduled to report its next quarterly earnings report on Thursday, May 2nd.
According to Zacks, analysts expect that Emerald Expositions Events will report full-year earnings of $1.10 per share for the current financial year, with EPS estimates ranging from $1.05 to $1.13. For the next fiscal year, analysts forecast that the firm will report earnings of $1.16 per share, with EPS estimates ranging from $1.13 to $1.19. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Emerald Expositions Events.
Emerald Expositions Events (NYSE:EEX) last released its quarterly earnings data on Thursday, February 14th. The company reported ($1.45) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($1.43). Emerald Expositions Events had a negative net margin of 6.59% and a positive return on equity of 12.83%. The company had revenue of $57.00 million for the quarter, compared to analyst estimates of $53.55 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The company’s revenue for the quarter was up 81.0% compared to the same quarter last year.
A number of brokerages have issued reports on EEX. Zacks Investment Research upgraded Emerald Expositions Events from a “sell” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday. ValuEngine lowered Emerald Expositions Events from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 14th. Finally, Barclays lowered Emerald Expositions Events from an “equal weight” rating to an “underweight” rating and set a $12.00 price target for the company. in a research report on Friday, January 18th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Emerald Expositions Events presently has an average rating of “Hold” and an average target price of $14.38.
A number of hedge funds have recently made changes to their positions in the business. Gamco Investors INC. ET AL boosted its position in Emerald Expositions Events by 13.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 18,024 shares of the company’s stock worth $222,000 after acquiring an additional 2,100 shares during the period. New York State Teachers Retirement System bought a new stake in shares of Emerald Expositions Events in the 4th quarter worth $27,000. Citigroup Inc. raised its stake in shares of Emerald Expositions Events by 45.4% in the 4th quarter. Citigroup Inc. now owns 9,922 shares of the company’s stock worth $122,000 after buying an additional 3,096 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Emerald Expositions Events by 9.0% in the 3rd quarter. Teachers Advisors LLC now owns 45,603 shares of the company’s stock worth $752,000 after buying an additional 3,771 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Emerald Expositions Events by 9.0% in the 4th quarter. Victory Capital Management Inc. now owns 63,745 shares of the company’s stock worth $787,000 after buying an additional 5,244 shares in the last quarter. Institutional investors own 35.05% of the company’s stock.
Shares of EEX stock opened at $13.58 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.74. Emerald Expositions Events has a 1 year low of $10.76 and a 1 year high of $21.56. The firm has a market cap of $975.74 million, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of 1.42 and a beta of 0.38.
Emerald Expositions Events Company Profile
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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