Shares of Emerald Expositions Events Inc (NYSE:EEX) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $11.75.
Several equities analysts recently commented on the stock. TheStreet lowered shares of Emerald Expositions Events from a “c-” rating to a “d+” rating in a research report on Friday, August 9th. Zacks Investment Research upgraded shares of Emerald Expositions Events from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Goldman Sachs Group cut shares of Emerald Expositions Events from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 21st. Finally, ValuEngine upgraded Emerald Expositions Events from a “sell” rating to a “hold” rating in a report on Tuesday.
NYSE EEX traded down $0.15 during trading hours on Thursday, hitting $9.93. 8,600 shares of the company’s stock were exchanged, compared to its average volume of 116,063. The business’s 50 day moving average is $9.84 and its 200-day moving average is $10.45. Emerald Expositions Events has a 12-month low of $9.12 and a 12-month high of $14.62. The firm has a market capitalization of $714.89 million, a P/E ratio of 7.44 and a beta of 0.67. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.50 and a current ratio of 0.50.
Emerald Expositions Events (NYSE:EEX) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. Emerald Expositions Events had a positive return on equity of 10.02% and a negative net margin of 19.25%. The company had revenue of $75.60 million during the quarter, compared to analysts’ expectations of $79.38 million. During the same quarter in the previous year, the business earned $0.32 EPS. The firm’s 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 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Wednesday, November 13th. Emerald Expositions Events’s dividend payout ratio (DPR) is presently 22.56%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Select Equity Group L.P. increased its position in shares of Emerald Expositions Events by 371.4% in the third quarter. Select Equity Group L.P. now owns 359,896 shares of the company’s stock worth $3,502,000 after acquiring an additional 283,548 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in Emerald Expositions Events during the 2nd quarter worth $2,066,000. WCM Investment Management LLC increased its holdings in Emerald Expositions Events by 11.5% in the 2nd quarter. WCM Investment Management LLC now owns 924,514 shares of the company’s stock valued at $10,308,000 after purchasing an additional 95,244 shares in the last quarter. LGT Capital Partners LTD. increased its holdings in Emerald Expositions Events by 27.8% in the 3rd quarter. LGT Capital Partners LTD. now owns 230,000 shares of the company’s stock valued at $2,238,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Emerald Expositions Events in the third quarter valued at about $451,000. 33.33% of the stock is 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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