Emerald Expositions Events Inc (NYSE:EEX) has been given a consensus rating of “Hold” by the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $14.29.
A number of brokerages recently issued reports on EEX. TheStreet raised Emerald Expositions Events from a “d” rating to a “c-” rating in a report on Wednesday, May 8th. ValuEngine raised Emerald Expositions Events from a “strong sell” rating to a “sell” rating in a report on Thursday, April 25th. Zacks Investment Research raised Emerald Expositions Events from a “sell” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, April 17th. Finally, Barclays cut Emerald Expositions Events from an “equal weight” rating to an “underweight” rating and set a $12.00 price objective on the stock. in a report on Friday, January 18th.
Shares of EEX opened at $12.70 on Friday. The stock has a market cap of $895.98 million, a P/E ratio of 9.55, a P/E/G ratio of 1.37 and a beta of 0.48. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.46 and a current ratio of 0.46. Emerald Expositions Events has a 52-week low of $10.76 and a 52-week high of $21.56.
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 analysts’ consensus estimates of $0.58 by ($0.05). The company had revenue of $137.40 million for the quarter, compared to analysts’ expectations of $141.44 million. Emerald Expositions Events had a positive return on equity of 11.55% and a negative net margin of 9.76%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. As a group, research analysts expect that Emerald Expositions Events will post 1.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be paid a $0.075 dividend. This is a positive change from Emerald Expositions Events’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Monday, May 13th. Emerald Expositions Events’s dividend payout ratio is currently 22.56%.
In other Emerald Expositions Events news, insider William Charles sold 9,852 shares of the company’s stock in a transaction dated 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 document filed with the SEC, which can be accessed through this link. Also, insider Karalynn Sprouse sold 35,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $13.35, for a total value of $467,250.00. The disclosure for this sale can be found here. Insiders sold a total of 103,307 shares of company stock worth $1,344,463 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in EEX. FMR LLC increased its stake in Emerald Expositions Events by 51.8% in the 4th quarter. FMR LLC now owns 8,750,000 shares of the company’s stock worth $107,975,000 after acquiring an additional 2,987,172 shares during the last quarter. American Century Companies Inc. increased its position in shares of Emerald Expositions Events by 765.0% during the 4th quarter. American Century Companies Inc. now owns 478,698 shares of the company’s stock valued at $5,907,000 after purchasing an additional 423,360 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Emerald Expositions Events by 72.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 876,335 shares of the company’s stock valued at $10,814,000 after purchasing an additional 367,734 shares during the last quarter. BlackRock Inc. increased its position in shares of Emerald Expositions Events by 22.2% during the 3rd quarter. BlackRock Inc. now owns 1,918,076 shares of the company’s stock valued at $31,610,000 after purchasing an additional 348,276 shares during the last quarter. Finally, WCM Investment Management LLC increased its position in shares of Emerald Expositions Events by 69.0% during the 1st quarter. WCM Investment Management LLC now owns 829,270 shares of the company’s stock valued at $10,532,000 after purchasing an additional 338,451 shares during the last quarter. Institutional investors and hedge funds own 34.65% 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.
Featured Article: Cash Flow Analysis in Stock Selection
Receive News & Ratings for Emerald Expositions Events Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerald Expositions Events and related companies with MarketBeat.com's FREE daily email newsletter.