Emerald Expositions Events Inc (NYSE:EEX) dropped 5.2% during trading on Thursday . The stock traded as low as $11.59 and last traded at $11.60. Approximately 1,046,390 shares were traded during mid-day trading, an increase of 434% from the average daily volume of 195,874 shares. The stock had previously closed at $12.24.

EEX has been the topic of several recent research reports. ValuEngine lowered Emerald Expositions Events from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Zacks Investment Research lowered Emerald Expositions Events from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Citigroup lowered Emerald Expositions Events from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 7th. Credit Suisse Group initiated coverage on Emerald Expositions Events in a research report on Friday, August 10th. They issued a “neutral” rating and a $17.00 price objective on the stock. Finally, Deutsche Bank initiated coverage on Emerald Expositions Events in a research report on Monday, October 1st. They issued a “hold” rating and a $18.00 price objective on the stock. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $16.50.

The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $894.16 million, a P/E ratio of 10.24, a P/E/G ratio of 0.95 and a beta of 0.73.

Emerald Expositions Events (NYSE:EEX) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.42 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Emerald Expositions Events had a return on equity of 12.82% and a net margin of 29.62%. The business had revenue of $103.10 million for the quarter, compared to analyst estimates of $104.32 million. During the same quarter in the prior year, the firm posted $0.36 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts forecast that Emerald Expositions Events Inc will post 1.32 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 14th will be given a dividend of $0.072 per share. The ex-dividend date is Tuesday, November 13th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 2.53%. Emerald Expositions Events’s dividend payout ratio (DPR) is 26.13%.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Emerald Expositions Events by 22.2% during the 3rd quarter. BlackRock Inc. now owns 1,918,076 shares of the company’s stock valued at $31,610,000 after buying an additional 348,276 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Emerald Expositions Events by 2.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 270,756 shares of the company’s stock valued at $4,462,000 after buying an additional 6,764 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of Emerald Expositions Events during the 3rd quarter valued at approximately $299,000. Ceredex Value Advisors LLC purchased a new position in shares of Emerald Expositions Events during the 3rd quarter valued at approximately $15,663,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Emerald Expositions Events during the 3rd quarter valued at approximately $210,000. Hedge funds and other institutional investors own 36.01% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/emerald-expositions-events-eex-trading-down-5-2/2598786.html.

About Emerald Expositions Events (NYSE:EEX)

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 comprising photography, food, healthcare, industrials, and military.

Further Reading: Reverse Stock Split

Receive News & Ratings for Emerald Expositions Events Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerald Expositions Events and related companies with MarketBeat.com's FREE daily email newsletter.