Emerald Expositions Events Inc (NYSE:EEX) has earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.57.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Emerald Expositions Events from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Friday, January 19th. Goldman Sachs Group downgraded shares of Emerald Expositions Events from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 23rd. Finally, Robert W. Baird boosted their target price on shares of Emerald Expositions Events from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd.
In other news, insider Joseph Randall sold 39,540 shares of Emerald Expositions Events stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $21.32, for a total value of $842,992.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Gosling sold 5,761 shares of Emerald Expositions Events stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $21.49, for a total transaction of $123,803.89. The disclosure for this sale can be found here. Insiders sold a total of 337,430 shares of company stock valued at $7,167,110 in the last three months.
Emerald Expositions Events (NYSE EEX) traded down $0.09 during trading on Friday, reaching $21.23. 81,670 shares of the company traded hands, compared to its average volume of 79,372. The stock has a market cap of $1,597.50 and a P/E ratio of 18.70. Emerald Expositions Events has a 12-month low of $18.67 and a 12-month high of $24.56. 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 Events (NYSE:EEX) last released its earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.07. The company had revenue of $31.50 million during the quarter, compared to the consensus estimate of $31.57 million. Emerald Expositions Events had a net margin of 24.01% and a return on equity of 10.10%. The business’s revenue was up 3.6% compared to the same quarter last year. sell-side analysts predict that Emerald Expositions Events will post 1.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, February 8th. Emerald Expositions Events’s payout ratio is currently 24.56%.
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About Emerald Expositions Events
Emerald Expositions Events, Inc (Emerald), formerly Expo Event Holdco, Inc, is an operator of business-to-business (B2B) trade shows. The Company operates across multiple sectors, which includes: Gift, Home and General Merchandise; Sports; Design and Construction; Technology; Jewelry; Other Trade Shows; and Other Events.
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