Goldman Sachs Group upgraded shares of Emerald Expositions Events (NYSE:EEX) from a neutral rating to a buy rating in a report issued on Tuesday morning, BenzingaRatingsTable reports. The brokerage currently has $12.30 target price on the stock, down from their prior target price of $12.87.
EEX has been the subject of a number of other reports. Citigroup raised shares of Emerald Expositions Events from a sell rating to a neutral rating and increased their price target for the company from $11.00 to $11.50 in a report on Wednesday, July 24th. Zacks Investment Research downgraded shares of Emerald Expositions Events from a hold rating to a strong sell rating in a report on Monday, August 5th. ValuEngine downgraded shares of Emerald Expositions Events from a sell rating to a strong sell rating in a report on Friday, May 3rd. Finally, TheStreet downgraded shares of Emerald Expositions Events from a c- rating to a d+ rating in a report on Friday, August 9th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Emerald Expositions Events currently has a consensus rating of Hold and a consensus price target of $13.69.
Shares of Emerald Expositions Events stock opened at $9.36 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.48 and a quick ratio of 0.48. Emerald Expositions Events has a fifty-two week low of $9.24 and a fifty-two week high of $16.99. The firm has a fifty day moving average price of $10.42 and a two-hundred day moving average price of $12.07. The company has a market cap of $694.62 million, a PE ratio of 7.85, a price-to-earnings-growth ratio of 1.36 and a beta of 0.60.
Emerald Expositions Events (NYSE:EEX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Emerald Expositions Events had a negative net margin of 7.79% and a positive return on equity of 12.44%. The firm had revenue of $103.00 million during the quarter, compared to the consensus estimate of $95.70 million. During the same period in the prior year, the firm earned $0.23 EPS. The business’s revenue was up 31.4% on a year-over-year basis. Analysts expect that Emerald Expositions Events will post 0.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Monday, August 12th. Emerald Expositions Events’s payout ratio is 22.56%.
Several large investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Emerald Expositions Events by 2.9% during the 1st quarter. FMR LLC now owns 9,000,591 shares of the company’s stock worth $114,308,000 after acquiring an additional 250,591 shares during the period. BlackRock Inc. lifted its holdings in Emerald Expositions Events by 1.0% during the 2nd quarter. BlackRock Inc. now owns 1,907,709 shares of the company’s stock valued at $21,271,000 after purchasing an additional 18,629 shares during the last quarter. Ceredex Value Advisors LLC lifted its holdings in Emerald Expositions Events by 16.8% during the 1st quarter. Ceredex Value Advisors LLC now owns 1,239,200 shares of the company’s stock valued at $15,738,000 after purchasing an additional 178,090 shares during the last quarter. WCM Investment Management LLC lifted its holdings in Emerald Expositions Events by 11.5% during 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 during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in 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. 35.18% of the stock is owned by institutional investors.
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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