Emerald Expositions Events Inc (EEX) Receives Consensus Rating of “Hold” from Analysts

Emerald Expositions Events Inc (NYSE:EEX) has been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $14.29.

A number of analysts have recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of Emerald Expositions Events in a report on Monday, November 19th. They set a “sector perform” rating and a $13.00 price target for the company. Barclays downgraded shares of Emerald Expositions Events from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $19.00 to $12.00 in a report on Monday, November 19th. Goldman Sachs Group upgraded shares of Emerald Expositions Events from a “neutral” rating to a “buy” rating and dropped their target price for the company from $20.30 to $15.00 in a report on Tuesday, November 6th. Zacks Investment Research downgraded shares of Emerald Expositions Events from a “hold” rating to a “sell” rating in a report on Monday, November 5th. Finally, Robert W. Baird dropped their target price on shares of Emerald Expositions Events from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, November 2nd.

Shares of NYSE EEX traded up $0.01 during midday trading on Friday, reaching $11.50. 687,965 shares of the stock were exchanged, compared to its average volume of 386,377. The company has a market capitalization of $841.85 million, a P/E ratio of 10.36, a P/E/G ratio of 0.86 and a beta of 0.73. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.57 and a quick ratio of 0.57. Emerald Expositions Events has a twelve month low of $10.76 and a twelve month high of $24.45.

Emerald Expositions Events (NYSE:EEX) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.42. The business had revenue of $103.10 million during the quarter, compared to the consensus estimate of $104.32 million. Emerald Expositions Events had a net margin of 29.62% and a return on equity of 12.68%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS. As a group, research analysts expect that Emerald Expositions Events will post 1.32 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 28th. Investors of record on Wednesday, November 14th will be issued a $0.072 dividend. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $0.29 annualized dividend and a yield of 2.50%. Emerald Expositions Events’s dividend payout ratio (DPR) is presently 26.13%.

Several large investors have recently bought and sold shares of EEX. SG Americas Securities LLC acquired a new position in shares of Emerald Expositions Events in the second quarter worth $163,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Emerald Expositions Events in the third quarter worth $210,000. Renaissance Technologies LLC acquired a new position in shares of Emerald Expositions Events in the third quarter worth $255,000. Millennium Management LLC acquired a new position in shares of Emerald Expositions Events in the first quarter worth $257,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Emerald Expositions Events in the second quarter worth $262,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

About Emerald Expositions Events

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.

Featured Article: Risk Tolerance

Analyst Recommendations for Emerald Expositions Events (NYSE:EEX)

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

Leave a Reply