Shares of Emerald Expositions Events Inc (NYSE:EEX) have received a consensus rating of “Hold” from the ten brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $14.29.

Several research firms have issued reports on EEX. ValuEngine upgraded shares of Emerald Expositions Events from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 24th. Zacks Investment Research cut shares of Emerald Expositions Events from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Finally, Barclays cut shares of Emerald Expositions Events from an “equal weight” rating to an “underweight” rating and set a $12.00 target price for the company. in a report on Friday, January 18th.

NYSE EEX traded up $0.14 during trading hours on Friday, hitting $12.66. The company had a trading volume of 856 shares, compared to its average volume of 140,762. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.38. Emerald Expositions Events has a 1-year low of $10.76 and a 1-year high of $21.56. The company has a market capitalization of $888.65 million, a PE ratio of 9.55, a P/E/G ratio of 1.29 and a beta of 0.37.

Emerald Expositions Events (NYSE:EEX) last released its quarterly earnings data on Thursday, February 14th. The company reported ($1.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($1.43). Emerald Expositions Events had a negative net margin of 6.59% and a positive return on equity of 12.83%. The company had revenue of $57.00 million during the quarter, compared to analyst estimates of $53.55 million. During the same quarter in the prior year, the company earned $0.07 EPS. The business’s revenue was up 81.0% on a year-over-year basis. On average, research analysts expect that Emerald Expositions Events will post 1.1 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 19th were issued a $0.0725 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 2.29%. This is a boost from Emerald Expositions Events’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Friday, February 15th. Emerald Expositions Events’s dividend payout ratio is presently 21.80%.

Several large investors have recently made changes to their positions in EEX. Renaissance Technologies LLC purchased a new position in Emerald Expositions Events during the third quarter worth about $255,000. MetLife Investment Advisors LLC raised its holdings in Emerald Expositions Events by 44.6% during the third quarter. MetLife Investment Advisors LLC now owns 17,250 shares of the company’s stock worth $284,000 after purchasing an additional 5,321 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Emerald Expositions Events during the third quarter worth about $384,000. BlackRock Inc. raised its holdings in Emerald Expositions Events by 22.2% during the third quarter. BlackRock Inc. now owns 1,918,076 shares of the company’s stock worth $31,610,000 after purchasing an additional 348,276 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Emerald Expositions Events by 51.1% during the third quarter. Wells Fargo & Company MN now owns 520,915 shares of the company’s stock worth $8,585,000 after purchasing an additional 176,067 shares in the last quarter. 35.06% of the stock is owned by institutional investors and hedge funds.

About Emerald Expositions Events

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, such as photography, food, healthcare, industrials, and military.

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Analyst Recommendations for Emerald Expositions Events (NYSE:EEX)

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