Emerald (NYSE:EEX) Releases Earnings Results

Emerald (NYSE:EEX) issued its earnings results on Monday. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07), Zacks reports. Emerald had a negative return on equity of 8.24% and a negative net margin of 6.62%.

Emerald Trading Up 9.3%

EEX traded up $0.43 on Monday, hitting $5.00. The company had a trading volume of 2,253,655 shares, compared to its average volume of 56,997. The firm has a market cap of $988.56 million, a P/E ratio of -33.30 and a beta of 0.55. Emerald has a 1 year low of $3.32 and a 1 year high of $5.45. The company’s fifty day moving average price is $4.55 and its 200 day moving average price is $4.45. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.47.

Emerald Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Monday, March 23rd were issued a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, March 23rd. Emerald’s payout ratio is -40.00%.

Analyst Ratings Changes

Separately, Rosenblatt Securities reaffirmed a “buy” rating and issued a $7.70 target price on shares of Emerald in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Emerald has an average rating of “Hold” and a consensus target price of $7.70.

Institutional Trading of Emerald

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its holdings in Emerald by 127.0% in the 4th quarter. Russell Investments Group Ltd. now owns 6,957 shares of the company’s stock valued at $31,000 after buying an additional 3,892 shares during the period. Wells Fargo & Company MN raised its holdings in Emerald by 79.0% in the 4th quarter. Wells Fargo & Company MN now owns 15,308 shares of the company’s stock valued at $68,000 after buying an additional 6,756 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Emerald in the 1st quarter valued at about $116,000. XTX Topco Ltd raised its holdings in Emerald by 103.7% in the 2nd quarter. XTX Topco Ltd now owns 30,127 shares of the company’s stock valued at $146,000 after buying an additional 15,339 shares during the period. Finally, Jane Street Group LLC raised its holdings in Emerald by 18.1% in the 2nd quarter. Jane Street Group LLC now owns 33,350 shares of the company’s stock valued at $162,000 after buying an additional 5,113 shares during the period. 14.90% of the stock is currently owned by hedge funds and other institutional investors.

Emerald Company Profile

Emerald (NYSE: EEX) is a global provider of independent data, news and analytics for commodity, financial and energy markets. The company operates digital platforms that deliver real-time and historical price assessments, market commentary, research reports and risk-management tools. Its subscriber base spans traders, asset managers, corporate hedgers and financial institutions seeking timely intelligence to support trading, risk management and investment decisions.

Serving clients across North America, Europe and Asia-Pacific, Emerald covers a broad range of markets including metals, energy products, agriculture, freight, environmental emissions and treasury benchmarks.