Emerald Expositions Events Inc (EEX) Given Average Rating of “Hold” by Brokerages

Shares of Emerald Expositions Events Inc (NYSE:EEX) have been given an average rating of “Hold” by the nine analysts that are presently covering the firm, MarketBeat Ratings 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 12 month price objective among analysts that have covered the stock in the last year is $24.57.

Several equities analysts have issued reports on EEX shares. Goldman Sachs Group lowered Emerald Expositions Events from a “neutral” rating to a “sell” rating in a report on Tuesday, January 23rd. Zacks Investment Research lowered Emerald Expositions Events from a “buy” rating to a “hold” rating in a report on Friday. Finally, Robert W. Baird raised their price objective on Emerald Expositions Events from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd.

In other news, SVP David Gosling sold 5,761 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $21.49, for a total transaction of $123,803.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Loechner sold 53,139 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $22.34, for a total transaction of $1,187,125.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 361,771 shares of company stock worth $7,709,095.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of 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 worth $52,014,000 after buying an additional 2,125,071 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Emerald Expositions Events by 12.8% during the third quarter. JPMorgan Chase & Co. now owns 1,661,574 shares of the company’s stock worth $38,748,000 after buying an additional 189,166 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Emerald Expositions Events by 19.4% during the fourth quarter. Lazard Asset Management LLC now owns 1,550,340 shares of the company’s stock worth $31,533,000 after buying an additional 252,092 shares during the period. Vanguard Group Inc. acquired a new stake in shares of Emerald Expositions Events during the second quarter worth about $27,309,000. Finally, Bamco Inc. NY boosted its stake in shares of Emerald Expositions Events by 7.5% during the third quarter. Bamco Inc. NY now owns 1,075,000 shares of the company’s stock worth $24,983,000 after buying an additional 75,000 shares during the period. Institutional investors and hedge funds own 27.61% of the company’s stock.

Emerald Expositions Events (EEX) opened at $22.20 on Friday. The company has a market capitalization of $1,598.96 and a price-to-earnings ratio of 19.47. 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 has a twelve month low of $18.67 and a twelve month high of $24.56.

Emerald Expositions Events (NYSE:EEX) last posted its earnings results on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.07. The firm had revenue of $31.50 million for the quarter, compared to analyst estimates of $31.57 million. Emerald Expositions Events had a return on equity of 10.48% and a net margin of 24.01%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. equities analysts expect that Emerald Expositions Events will post 1.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Thursday, February 8th. Emerald Expositions Events’s payout ratio is 24.56%.

TRADEMARK VIOLATION WARNING: This report was originally reported by Week Herald and is owned by of Week Herald. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://weekherald.com/2018/02/24/emerald-expositions-events-inc-eex-given-average-rating-of-hold-by-brokerages.html.

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.

Analyst Recommendations for Emerald Expositions Events (NYSE:EEX)

Receive News & Ratings for Emerald Expositions Events Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerald Expositions Events and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply