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.
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.
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