Emerald (NYSE:EEX) Cut to Hold at Maxim Group

Maxim Group downgraded shares of Emerald (NYSE:EEX) from a buy rating to a hold rating in a report released on Monday, Marketbeat.com reports.

Separately, Rosenblatt Securities restated a “buy” rating and issued a $7.70 price objective on shares of Emerald in a research note on Monday, March 16th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $5.03.

Emerald Trading Up 0.1%

NYSE:EEX opened at $5.00 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.91 and a quick ratio of 0.82. The firm has a market capitalization of $988.56 million, a price-to-earnings ratio of -26.29 and a beta of 0.55. Emerald has a one year low of $3.32 and a one year high of $5.45. The business has a fifty day moving average price of $4.60 and a 200-day moving average price of $4.46.

Emerald (NYSE:EEX) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06). The company had revenue of $155.40 million during the quarter, compared to analysts’ expectations of $155.40 million. Emerald had a negative return on equity of 10.81% and a negative net margin of 8.24%.

Emerald Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 21st will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, May 21st. Emerald’s dividend payout ratio is presently -40.00%.

Institutional Investors Weigh In On Emerald

Institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new stake in Emerald in the 3rd quarter worth $31,000. Russell Investments Group Ltd. increased its stake in Emerald by 127.0% in the 4th quarter. Russell Investments Group Ltd. now owns 6,957 shares of the company’s stock worth $31,000 after buying an additional 3,892 shares in the last quarter. Abel Hall LLC purchased a new stake in Emerald in the 1st quarter worth $48,000. Ritholtz Wealth Management purchased a new stake in Emerald in the 4th quarter worth $67,000. Finally, Wells Fargo & Company MN increased its stake in Emerald by 79.0% in the 4th quarter. Wells Fargo & Company MN now owns 15,308 shares of the company’s stock worth $68,000 after buying an additional 6,756 shares in the last quarter. Hedge funds and other institutional investors own 14.90% of the company’s stock.

Emerald Company Profile

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.