Emerald Expositions (EEX) Announces Quarterly Dividend of $0.07

Emerald Expositions (NYSE:EEX) declared a quarterly dividend on Friday, May 4th, Wall Street Journal reports. Stockholders of record on Tuesday, May 15th will be paid a dividend of 0.0725 per share on Tuesday, May 29th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Monday, May 14th. This is an increase from Emerald Expositions’s previous quarterly dividend of $0.07.

Shares of Emerald Expositions traded up $0.03, reaching $20.71, during trading hours on Friday, according to MarketBeat.com. 167,171 shares of the company traded hands, compared to its average volume of 175,143. The firm has a market capitalization of $1.51 billion and a P/E ratio of 18.66. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.63 and a current ratio of 0.63. Emerald Expositions has a 1-year low of $18.19 and a 1-year high of $24.56.

Emerald Expositions (NYSE:EEX) last announced its quarterly earnings data on Thursday, May 3rd. The company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.03. The business had revenue of $142.20 million during the quarter, compared to analyst estimates of $140.50 million. Emerald Expositions had a net margin of 26.36% and a return on equity of 12.24%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. equities analysts forecast that Emerald Expositions will post 1.25 earnings per share for the current year.

In related news, CEO David Loechner sold 10,600 shares of the company’s stock in a transaction dated Tuesday, April 24th. The shares were sold at an average price of $20.01, for a total value of $212,106.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Corp Onex sold 750,000 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $17.76, for a total transaction of $13,320,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 6,762,732 shares of company stock worth $120,132,273. 5.30% of the stock is currently owned by insiders.

A number of research analysts have recently commented on EEX shares. ValuEngine raised shares of Emerald Expositions from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Goldman Sachs lowered shares of Emerald Expositions from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research lowered shares of Emerald Expositions from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $24.36.

About Emerald Expositions

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.

Dividend History for Emerald Expositions (NYSE:EEX)

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