Equities research analysts expect Emerald Expositions (NYSE:EEX) to report $142.72 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Emerald Expositions’ earnings. The highest sales estimate is $145.70 million and the lowest is $139.74 million. Emerald Expositions posted sales of $135.65 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.2%. The company is expected to report its next quarterly earnings results on Thursday, May 24th.
On average, analysts expect that Emerald Expositions will report full-year sales of $142.72 million for the current year, with estimates ranging from $370.03 million to $371.73 million. For the next financial year, analysts anticipate that the company will post sales of $389.86 million per share, with estimates ranging from $384.96 million to $394.75 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Emerald Expositions.
Emerald Expositions (NYSE:EEX) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.07. The company had revenue of $31.50 million for the quarter, compared to analysts’ expectations of $31.57 million. Emerald Expositions had a net margin of 24.01% and a return on equity of 10.10%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year.
Shares of EEX traded up $0.03 during mid-day trading on Tuesday, hitting $19.48. The company’s stock had a trading volume of 131,910 shares, compared to its average volume of 407,607. The stock has a market capitalization of $1,417.73 and a P/E ratio of 17.55. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.42 and a quick ratio of 0.42. Emerald Expositions has a fifty-two week low of $18.19 and a fifty-two week high of $24.56.
In other news, SVP David Gosling sold 5,761 shares of Emerald Expositions stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $21.49, for a total value of $123,803.89. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph Randall sold 39,540 shares of Emerald Expositions stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $21.32, for a total transaction of $842,992.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,138,776 shares of company stock worth $109,510,967.
Several institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC purchased a new position in shares of Emerald Expositions in the fourth quarter worth approximately $181,000. California State Teachers Retirement System boosted its holdings in shares of Emerald Expositions by 13.0% during the fourth quarter. California State Teachers Retirement System now owns 28,583 shares of the company’s stock worth $581,000 after purchasing an additional 3,288 shares during the period. Deutsche Bank AG boosted its holdings in shares of Emerald Expositions by 12.7% during the fourth quarter. Deutsche Bank AG now owns 40,674 shares of the company’s stock worth $826,000 after purchasing an additional 4,575 shares during the period. Thrivent Financial For Lutherans acquired a new stake in shares of Emerald Expositions during the fourth quarter worth approximately $989,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Emerald Expositions by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 178,907 shares of the company’s stock worth $3,638,000 after purchasing an additional 5,757 shares during the period. 30.03% of the stock is currently owned by institutional investors and hedge funds.
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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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