Emerald Expositions Events Inc (NYSE:EEX) has earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $20.50.

EEX has been the topic of several recent analyst reports. Citigroup lowered shares of Emerald Expositions Events from a “buy” rating to a “neutral” rating in a report on Tuesday, August 7th. Zacks Investment Research downgraded shares of Emerald Expositions Events from a “hold” rating to a “sell” rating in a research note on Wednesday, May 30th. ValuEngine downgraded shares of Emerald Expositions Events from a “sell” rating to a “strong sell” rating in a research note on Friday, August 3rd. Finally, Credit Suisse Group started coverage on shares of Emerald Expositions Events in a research note on Friday, August 10th. They issued a “neutral” rating and a $17.00 price target on the stock.

In other news, SVP Lori Jenks sold 6,667 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $20.31, for a total value of $135,406.77. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.30% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in EEX. Citadel Advisors LLC purchased a new stake in Emerald Expositions Events during the 1st quarter worth approximately $19,000,000. BlackRock Inc. increased its stake in Emerald Expositions Events by 59.9% during the 2nd quarter. BlackRock Inc. now owns 1,569,800 shares of the company’s stock worth $32,337,000 after buying an additional 588,115 shares during the period. Gratia Capital LLC purchased a new stake in Emerald Expositions Events during the 1st quarter worth approximately $6,505,000. Bamco Inc. NY increased its stake in Emerald Expositions Events by 25.6% during the 1st quarter. Bamco Inc. NY now owns 1,350,000 shares of the company’s stock worth $26,298,000 after buying an additional 275,000 shares during the period. Finally, Comerica Bank purchased a new stake in Emerald Expositions Events during the 1st quarter worth approximately $5,353,000. 36.04% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:EEX traded down $0.05 on Tuesday, hitting $14.95. The stock had a trading volume of 268,213 shares, compared to its average volume of 147,648. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 1.20 and a beta of 0.34. Emerald Expositions Events has a 1-year low of $14.89 and a 1-year high of $24.56.

Emerald Expositions Events (NYSE:EEX) last posted its earnings results on Thursday, August 2nd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $78.40 million for the quarter, compared to analyst estimates of $78.44 million. Emerald Expositions Events had a net margin of 29.36% and a return on equity of 12.55%. Emerald Expositions Events’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 EPS. equities analysts anticipate that Emerald Expositions Events will post 1.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 28th. Stockholders of record on Tuesday, August 14th were paid a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Monday, August 13th. Emerald Expositions Events’s dividend payout ratio (DPR) is 26.13%.

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

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