Emerald (NYSE:EEX) Announces Earnings Results

Emerald (NYSE:EEX) released its earnings results on Monday. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07), Zacks reports. Emerald had a negative net margin of 6.62% and a negative return on equity of 8.24%. The business had revenue of $155.40 million during the quarter, compared to the consensus estimate of $152.20 million.

Emerald Trading Up 9.3%

NYSE EEX opened at $5.00 on Tuesday. The company has a market cap of $988.56 million, a price-to-earnings ratio of -33.30 and a beta of 0.55. Emerald has a 52 week low of $3.32 and a 52 week high of $5.45. The business has a 50 day moving average price of $4.57 and a 200-day moving average price of $4.46. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.47.

Emerald Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.015 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.06 annualized dividend and a dividend yield of 1.2%. Emerald’s payout ratio is currently -40.00%.

More Emerald News

Here are the key news stories impacting Emerald this week:

• Positive Sentiment: Apollo-managed funds agreed to acquire Emerald Holding in a cash transaction, implying a premium and supporting takeover speculation around EEX. Apollo Global Management to buy Emerald Holding, Questex in cash deals
• Positive Sentiment: Reports say the Apollo deal values Emerald at about $1.5 billion, and the stock has reacted positively to the buyout price and premium. Apollo is set to pay a significant premium to acquire Emerald Holding for $1.5B – EEX stock shoots through the roof
• Neutral Sentiment: Emerald declared a quarterly dividend of $0.015 per share, signaling ongoing shareholder returns but likely not a major stock driver. Apollo Combines Emerald Holding and Questex in $1.5B Deal
• Neutral Sentiment: Maxim Group reaffirmed a Hold rating on Emerald, which suggests analysts see limited near-term upside despite the deal news. Emerald (NYSE:EEX) Given Hold Rating at Maxim Group
• Negative Sentiment: Emerald missed earnings expectations, reporting $0.04 EPS versus $0.11 expected, which underscores operating weakness even as revenue beat estimates. Emerald Holding earnings summary
• Negative Sentiment: Law firms announced investigations into whether Emerald shareholders are getting a fair price in the Apollo transaction, adding legal uncertainty around the deal. Shareholder Alert: The M&A Class Action Firm Announces An Investigation of Emerald Holding, Inc. (NYSE: EEX)

Analyst Upgrades and Downgrades

EEX has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Emerald in a research report on Friday. Rosenblatt Securities reissued a “buy” rating and set a $7.70 price target on shares of Emerald in a research note on Monday, March 16th. Finally, Maxim Group reissued a “hold” rating on shares of Emerald in a research note on Monday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.70.

Institutional Investors Weigh In On Emerald

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC increased its holdings in shares of Emerald by 18.1% during the second quarter. Jane Street Group LLC now owns 33,350 shares of the company’s stock valued at $162,000 after acquiring an additional 5,113 shares in the last quarter. Squarepoint Ops LLC increased its holdings in shares of Emerald by 26.0% during the third quarter. Squarepoint Ops LLC now owns 47,364 shares of the company’s stock valued at $241,000 after acquiring an additional 9,787 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Emerald by 7.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 59,062 shares of the company’s stock valued at $264,000 after acquiring an additional 4,133 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Emerald by 197.6% during the third quarter. Citadel Advisors LLC now owns 92,276 shares of the company’s stock valued at $470,000 after acquiring an additional 61,273 shares in the last quarter. Finally, MSD Partners L.P. increased its holdings in shares of Emerald by 1.6% during the second quarter. MSD Partners L.P. now owns 1,066,638 shares of the company’s stock valued at $5,173,000 after acquiring an additional 16,638 shares in the last quarter. Institutional investors own 14.90% of the company’s stock.

About Emerald

Emerald (NYSE: EEX) is a global provider of independent data, news and analytics for commodity, financial and energy markets. The company operates digital platforms that deliver real-time and historical price assessments, market commentary, research reports and risk-management tools. Its subscriber base spans traders, asset managers, corporate hedgers and financial institutions seeking timely intelligence to support trading, risk management and investment decisions.

Serving clients across North America, Europe and Asia-Pacific, Emerald covers a broad range of markets including metals, energy products, agriculture, freight, environmental emissions and treasury benchmarks.