Emerald Expositions Events, Inc. (EEX) Given Consensus Rating of “Hold” by Brokerages
Shares of Emerald Expositions Events, Inc. (NYSE:EEX) have earned an average rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $24.40.
EEX has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Emerald Expositions Events from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. Robert W. Baird upped their price objective on shares of Emerald Expositions Events from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd.
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Shares of Emerald Expositions Events (NYSE EEX) opened at $22.05 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.76. Emerald Expositions Events has a 1-year low of $18.67 and a 1-year high of $24.56.
Emerald Expositions Events (NYSE:EEX) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.37. The firm had revenue of $100.40 million for the quarter, compared to the consensus estimate of $107.24 million. Emerald Expositions Events had a net margin of 5.19% and a return on equity of 7.09%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 EPS. equities analysts forecast that Emerald Expositions Events will post 1.06 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $0.28 dividend on an annualized basis and a yield of 1.27%.
Large investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its holdings in shares of Emerald Expositions Events by 5.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 55,295 shares of the company’s stock worth $1,286,000 after buying an additional 2,803 shares during the period. Nationwide Fund Advisors purchased a new stake in Emerald Expositions Events in the second quarter valued at about $200,000. Stifel Financial Corp acquired a new position in shares of Emerald Expositions Events in the third quarter valued at about $216,000. Atlantic Trust Group LLC acquired a new position in shares of Emerald Expositions Events in the second quarter valued at about $274,000. Finally, Parametric Portfolio Associates LLC acquired a new stake in Emerald Expositions Events during the second quarter worth about $340,000. 29.63% of the stock is currently owned by institutional investors and hedge funds.
Emerald Expositions Events Company Profile
Emerald Expositions Events, Inc (Emerald), formerly Expo Event Holdco, Inc, is an operator of business-to-business (B2B) trade shows. The Company operates across multiple sectors, which includes: Gift, Home and General Merchandise; Sports; Design and Construction; Technology; Jewelry; Other Trade Shows; and Other Events.
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