Emerald Expositions Events (NYSE:EEX) was upgraded by research analysts at Citigroup from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm presently has a $11.50 price target on the stock, up from their previous price target of $11.00. Citigroup‘s target price would indicate a potential upside of 2.22% from the company’s previous close.
A number of other brokerages also recently issued reports on EEX. ValuEngine upgraded Yirendai from a “strong sell” rating to a “sell” rating in a research report on Friday, May 3rd. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. TheStreet upgraded WillScot from a “d-” rating to a “c-” rating in a report on Wednesday, May 8th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of WPP in a report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Emerald Expositions Events currently has an average rating of “Hold” and a consensus target price of $14.33.
Shares of EEX traded up $0.27 during mid-day trading on Wednesday, reaching $11.25. 4,072 shares of the company were exchanged, compared to its average volume of 164,912. Emerald Expositions Events has a 52 week low of $10.67 and a 52 week high of $19.96. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market capitalization of $782.45 million, a PE ratio of 8.46, a PEG ratio of 1.20 and a beta of 0.60. The stock has a 50 day simple moving average of $11.18.
Emerald Expositions Events (NYSE:EEX) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.05). Emerald Expositions Events had a positive return on equity of 11.55% and a negative net margin of 9.76%. The company had revenue of $137.40 million for the quarter, compared to the consensus estimate of $141.44 million. During the same quarter last year, the business earned $0.66 earnings per share. Emerald Expositions Events’s revenue was down 3.4% compared to the same quarter last year. Equities research analysts predict that Emerald Expositions Events will post 1.04 EPS for the current fiscal year.
In other Emerald Expositions Events news, insider William Charles sold 9,852 shares of Emerald Expositions Events stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $12.44, for a total value of $122,558.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Darrell C. Denny sold 58,455 shares of Emerald Expositions Events stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $12.91, for a total value of $754,654.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,307 shares of company stock valued at $1,344,463. 3.20% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Gamco Investors INC. ET AL increased its holdings in Emerald Expositions Events by 5.5% in the first quarter. Gamco Investors INC. ET AL now owns 19,024 shares of the company’s stock worth $242,000 after purchasing an additional 1,000 shares in the last quarter. Citigroup Inc. grew its stake in Emerald Expositions Events by 45.4% in the fourth quarter. Citigroup Inc. now owns 9,922 shares of the company’s stock valued at $122,000 after acquiring an additional 3,096 shares during the period. BNP Paribas Arbitrage SA grew its stake in Emerald Expositions Events by 269.0% in the first quarter. BNP Paribas Arbitrage SA now owns 5,757 shares of the company’s stock valued at $73,000 after acquiring an additional 4,197 shares during the period. Metropolitan Life Insurance Co. NY grew its stake in Emerald Expositions Events by 340.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,883 shares of the company’s stock valued at $85,000 after acquiring an additional 5,321 shares during the period. Finally, Federated Investors Inc. PA grew its stake in Emerald Expositions Events by 1.4% in the first quarter. Federated Investors Inc. PA now owns 400,114 shares of the company’s stock valued at $5,082,000 after acquiring an additional 5,362 shares during the period. Institutional investors and hedge funds own 35.62% of the company’s stock.
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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