Emerald’s (EEX) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Emerald (NYSE:EEX) in a research report released on Monday,Benzinga reports. The firm currently has a $7.70 target price on the stock.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Emerald in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.70.

Emerald Trading Down 2.0%

Emerald stock opened at $4.41 on Monday. Emerald has a one year low of $3.21 and a one year high of $5.45. The company’s fifty day moving average price is $4.63 and its two-hundred day moving average price is $4.54. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.82 and a quick ratio of 0.81. The company has a market capitalization of $872.78 million, a price-to-earnings ratio of -29.40 and a beta of 0.63.

Emerald (NYSE:EEX) last announced its quarterly earnings results on Friday, March 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.19). The company had revenue of $132.70 million during the quarter, compared to analyst estimates of $131.00 million. Emerald had a negative return on equity of 8.24% and a negative net margin of 6.62%.

Emerald Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Monday, March 23rd will be issued a $0.015 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.06 dividend on an annualized basis and a yield of 1.4%. Emerald’s dividend payout ratio (DPR) is -40.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Russell Investments Group Ltd. grew its stake in shares of Emerald by 127.0% in the fourth quarter. Russell Investments Group Ltd. now owns 6,957 shares of the company’s stock worth $31,000 after acquiring an additional 3,892 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Emerald in the 3rd quarter valued at $31,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Emerald in the 2nd quarter valued at $33,000. Ritholtz Wealth Management acquired a new stake in Emerald in the 4th quarter worth $67,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Emerald by 79.0% during the 4th quarter. Wells Fargo & Company MN now owns 15,308 shares of the company’s stock worth $68,000 after purchasing an additional 6,756 shares during the period. 14.90% of the stock is currently owned by institutional investors and hedge funds.

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.