Shares of Emerald Expositions Events, Inc. (NYSE:EEX) have earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $24.40.

A number of research firms have issued reports on EEX. Zacks Investment Research raised shares of Emerald Expositions Events from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Robert W. Baird raised their price target on shares of Emerald Expositions Events from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd.

Shares of Emerald Expositions Events (EEX) opened at $20.21 on Monday. Emerald Expositions Events has a 52-week low of $18.67 and a 52-week high of $24.56. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.76.

Emerald Expositions Events (NYSE:EEX) last posted its earnings results on Thursday, November 2nd. The company reported $0.37 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.37. The company had revenue of $100.40 million during the quarter, compared to analysts’ expectations of $107.24 million. Emerald Expositions Events had a net margin of 5.19% and a return on equity of 7.09%. Emerald Expositions Events’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 earnings per share. equities research analysts forecast that Emerald Expositions Events will post 1.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.39%.

In related news, CEO David Loechner sold 40,071 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $21.37, for a total transaction of $856,317.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey G. Naylor sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $22.13, for a total transaction of $265,560.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,551 shares of company stock valued at $2,850,987.

Several institutional investors have recently modified their holdings of the stock. FMR LLC acquired a new stake in Emerald Expositions Events during the second quarter valued at $148,827,000. Kayne Anderson Rudnick Investment Management LLC grew its position in Emerald Expositions Events by 1,879.4% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,238,144 shares of the company’s stock valued at $52,014,000 after buying an additional 2,125,071 shares during the period. JPMorgan Chase & Co. acquired a new stake in Emerald Expositions Events during the second quarter valued at $32,245,000. Lazard Asset Management LLC acquired a new stake in Emerald Expositions Events during the second quarter valued at $30,602,000. Finally, Vanguard Group Inc. acquired a new stake in Emerald Expositions Events during the second quarter valued at $27,309,000. 26.61% of the stock is owned by hedge funds and other institutional investors.

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About Emerald Expositions Events

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.

Analyst Recommendations for Emerald Expositions Events (NYSE:EEX)

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