$142.72 Million in Sales Expected for Emerald Expositions (EEX) This Quarter

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.

How to Become a New Pot Stock Millionaire

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.

EEX has been the topic of several recent research reports. Goldman Sachs cut shares of Emerald Expositions from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 23rd. Zacks Investment Research cut shares of Emerald Expositions from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, ValuEngine raised shares of Emerald Expositions from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Emerald Expositions has a consensus rating of “Buy” and a consensus target price of $24.36.

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.

TRADEMARK VIOLATION NOTICE: This article was first published by WKRB News and is owned by of WKRB News. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.wkrb13.com/2018/04/02/142-72-million-in-sales-expected-for-emerald-expositions-eex-this-quarter.html.

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.

Get a free copy of the Zacks research report on Emerald Expositions (EEX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Leave a Reply