Emerald (NYSE:EEX) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Emerald (NYSE:EEX) released its quarterly earnings data on Monday. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06), Zacks reports. Emerald had a negative net margin of 8.24% and a negative return on equity of 10.60%. The business had revenue of $155.40 million for the quarter, compared to the consensus estimate of $155.40 million.

Emerald Stock Up 0.1%

NYSE:EEX traded up $0.01 during mid-day trading on Wednesday, hitting $5.00. 805,013 shares of the company’s stock traded hands, compared to its average volume of 118,348. The company has a fifty day moving average of $4.58 and a 200 day moving average of $4.46. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.82 and a current ratio of 0.82. Emerald has a twelve month low of $3.32 and a twelve month high of $5.45. The company has a market capitalization of $988.56 million, a P/E ratio of -26.29 and a beta of 0.55.

Emerald Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EEX. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Emerald in a research note on Friday. Maxim Group downgraded Emerald from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $5.03 price objective (down from $7.70) on shares of Emerald in a report on Tuesday. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Emerald has an average rating of “Reduce” and a consensus target price of $5.03.

Institutional Investors Weigh In On Emerald

Several institutional investors and hedge funds have recently made changes to their positions in EEX. Inspire Investing LLC grew its holdings in shares of Emerald by 18.7% during the fourth quarter. Inspire Investing LLC now owns 106,868 shares of the company’s stock valued at $478,000 after buying an additional 16,801 shares during the last quarter. MSD Partners L.P. lifted its position in Emerald by 31.3% during the 4th quarter. MSD Partners L.P. now owns 1,400,339 shares of the company’s stock worth $6,260,000 after acquiring an additional 333,701 shares during the period. Russell Investments Group Ltd. grew its stake in Emerald by 127.0% during the 4th quarter. Russell Investments Group Ltd. now owns 6,957 shares of the company’s stock valued at $31,000 after purchasing an additional 3,892 shares during the last quarter. Advisory Research Inc. increased its holdings in shares of Emerald by 0.7% in the fourth quarter. Advisory Research Inc. now owns 1,789,157 shares of the company’s stock valued at $7,998,000 after purchasing an additional 13,015 shares during the period. Finally, State Street Corp raised its stake in shares of Emerald by 1.0% in the fourth quarter. State Street Corp now owns 241,698 shares of the company’s stock worth $1,080,000 after purchasing an additional 2,394 shares during the last quarter. 14.90% of the stock is currently owned by institutional investors and hedge funds.

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.