Emerald Expositions Events, Inc. (NYSE:EEX) insider William Charles sold 17,675 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $22.28, for a total transaction of $393,799.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Emerald Expositions Events, Inc. (NYSE:EEX) opened at $21.25 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.76. Emerald Expositions Events, Inc. has a 52 week low of $18.67 and a 52 week high of $24.56.
Emerald Expositions Events (NYSE:EEX) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. The firm had revenue of $100.40 million during the quarter, compared to analysts’ expectations of $107.24 million. Emerald Expositions Events had a net margin of 5.19% and a return on equity of 7.09%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. equities research analysts expect that Emerald Expositions Events, Inc. will post 1.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Wednesday, November 15th.
Several hedge funds have recently made changes to their positions in EEX. FMR LLC acquired a new position in shares of Emerald Expositions Events in the second quarter valued at approximately $148,827,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Emerald Expositions Events by 1,879.4% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,238,144 shares of the company’s stock valued at $52,014,000 after buying an additional 2,125,071 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Emerald Expositions Events in the 2nd quarter valued at $32,245,000. Lazard Asset Management LLC acquired a new position in shares of Emerald Expositions Events in the 2nd quarter valued at $30,602,000. Finally, Vanguard Group Inc. acquired a new position in shares of Emerald Expositions Events in the 2nd quarter valued at $27,309,000. Hedge funds and other institutional investors own 26.61% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Emerald Expositions Events from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Robert W. Baird raised their price target on shares of Emerald Expositions Events from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $24.40.
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About Emerald Expositions Events
Emerald Expositions Events, Inc (Emerald), formerly Expo Event Holdco, Inc, is an operator of business-to-business (B2B) trade shows. The Company operates across multiple sectors, which includes: Gift, Home and General Merchandise; Sports; Design and Construction; Technology; Jewelry; Other Trade Shows; and Other Events.
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