Emerald Expositions Events Inc (NYSE:EEX) has earned a consensus rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $11.75.
Several equities analysts have recently issued reports on the company. TheStreet downgraded Emerald Expositions Events from a “c-” rating to a “d+” rating in a research report on Friday, August 9th. Zacks Investment Research upgraded Emerald Expositions Events from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. ValuEngine raised Emerald Expositions Events from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Goldman Sachs Group lowered Emerald Expositions Events from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 21st.
NYSE:EEX traded down $0.15 during mid-day trading on Thursday, hitting $9.93. The stock had a trading volume of 8,600 shares, compared to its average volume of 116,063. The stock has a market capitalization of $714.89 million, a price-to-earnings ratio of 7.44 and a beta of 0.67. The company has a 50 day simple moving average of $9.84 and a 200-day simple moving average of $10.45. Emerald Expositions Events has a 52 week low of $9.12 and a 52 week high of $14.62. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.75.
Emerald Expositions Events (NYSE:EEX) last posted its earnings results on Tuesday, November 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. Emerald Expositions Events had a negative net margin of 19.25% and a positive return on equity of 10.02%. The firm had revenue of $75.60 million during the quarter, compared to analysts’ expectations of $79.38 million. During the same quarter in the prior year, the firm earned $0.32 EPS. Emerald Expositions Events’s quarterly revenue was down 26.7% on a year-over-year basis. As a group, equities research analysts anticipate that Emerald Expositions Events will post 0.81 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.30 dividend on an annualized basis and a yield of 3.02%. Emerald Expositions Events’s dividend payout ratio is presently 22.56%.
Institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its holdings in shares of Emerald Expositions Events by 7.7% in the first quarter. First Trust Advisors LP now owns 217,899 shares of the company’s stock valued at $2,767,000 after acquiring an additional 15,589 shares in the last quarter. Swiss National Bank boosted its stake in Emerald Expositions Events by 40.5% during the 2nd quarter. Swiss National Bank now owns 46,800 shares of the company’s stock valued at $522,000 after purchasing an additional 13,500 shares in the last quarter. Gabelli Funds LLC increased its position in shares of Emerald Expositions Events by 2.9% during the 2nd quarter. Gabelli Funds LLC now owns 71,000 shares of the company’s stock valued at $792,000 after purchasing an additional 2,000 shares during the period. WCM Investment Management LLC raised its stake in shares of Emerald Expositions Events by 11.5% in the 2nd quarter. WCM Investment Management LLC now owns 924,514 shares of the company’s stock worth $10,308,000 after buying an additional 95,244 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Emerald Expositions Events by 15.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 80,586 shares of the company’s stock worth $890,000 after buying an additional 10,640 shares in the last quarter. 33.33% 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, such as photography, food, healthcare, industrials, and military.
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