Emerald (NYSE:EEX) Sees Unusually-High Trading Volume – Still a Buy?

Emerald Holding, Inc. (NYSE:EEX) shares saw unusually-high trading volume on Wednesday . Approximately 62,024 shares traded hands during trading, an increase of 20% from the previous session’s volume of 51,626 shares.The stock last traded at $4.08 and had previously closed at $4.24.

Analyst Upgrades and Downgrades

EEX has been the topic of a number of recent research reports. Wall Street Zen raised shares of Emerald from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Rosenblatt Securities decreased their price objective on Emerald from $7.90 to $7.70 and set a “buy” rating for the company in a report on Monday. Finally, Weiss Ratings lowered Emerald from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.70.

Emerald Trading Down 1.7%

The company has a debt-to-equity ratio of 1.35, a current ratio of 0.81 and a quick ratio of 1.05. The firm has a market capitalization of $789.26 million, a PE ratio of 133.04 and a beta of 1.17. The firm’s fifty day moving average is $4.83 and its two-hundred day moving average is $4.80.

Emerald (NYSE:EEX) last announced its earnings results on Friday, October 31st. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $77.50 million during the quarter, compared to analysts’ expectations of $76.80 million. Emerald had a return on equity of 1.20% and a net margin of 1.05%. Emerald has set its FY 2025 guidance at EPS.

Emerald Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Monday, November 10th will be issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, November 10th. Emerald’s payout ratio is 200.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Nuveen LLC purchased a new stake in Emerald in the 1st quarter worth about $78,000. Hsbc Holdings PLC increased its stake in shares of Emerald by 12.3% in the first quarter. Hsbc Holdings PLC now owns 39,818 shares of the company’s stock worth $153,000 after purchasing an additional 4,351 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Emerald by 24.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 675,356 shares of the company’s stock valued at $2,654,000 after purchasing an additional 131,200 shares during the period. Contrarian Capital Management L.L.C. lifted its stake in shares of Emerald by 3.5% during the 1st quarter. Contrarian Capital Management L.L.C. now owns 818,862 shares of the company’s stock valued at $3,218,000 after buying an additional 27,977 shares in the last quarter. Finally, State of Wyoming lifted its stake in shares of Emerald by 8.6% during the 1st quarter. State of Wyoming now owns 93,698 shares of the company’s stock valued at $368,000 after buying an additional 7,409 shares in the last quarter. Hedge funds and other institutional investors own 14.90% of the company’s stock.

About Emerald

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.