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.
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%.
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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.
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