Equities research analysts expect that Emerald Expositions Events Inc (NYSE:EEX) will announce sales of $142.72 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Emerald Expositions Events’ earnings, with estimates ranging from $139.74 million to $145.70 million. Emerald Expositions Events reported sales of $135.65 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.2%. The company is expected to issue its next earnings results on Thursday, May 24th.
According to Zacks, analysts expect that Emerald Expositions Events will report full-year sales of $142.72 million for the current fiscal year, with estimates ranging from $370.03 million to $371.73 million. For the next year, analysts forecast that the firm will report sales of $389.86 million per share, with estimates ranging from $384.96 million to $394.75 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Emerald Expositions Events.
Emerald Expositions Events (NYSE:EEX) last released its earnings results on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.07. Emerald Expositions Events had a return on equity of 10.10% and a net margin of 24.01%. The business had revenue of $31.50 million during the quarter, compared to analysts’ expectations of $31.57 million. The business’s quarterly revenue was up 3.6% compared to the same quarter last year.
In other Emerald Expositions Events news, insider Joseph Randall sold 39,540 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $21.32, for a total value of $842,992.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David Loechner sold 31,555 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $20.04, for a total value of $632,362.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 169,443 shares of company stock worth $3,567,559.
Hedge funds have recently bought and sold shares of the company. MetLife Investment Advisors LLC bought a new position in shares of Emerald Expositions Events in the fourth quarter valued at approximately $181,000. Nationwide Fund Advisors bought a new position in shares of Emerald Expositions Events in the second quarter valued at approximately $200,000. Stifel Financial Corp bought a new position in shares of Emerald Expositions Events in the third quarter valued at approximately $216,000. Parametric Portfolio Associates LLC bought a new position in shares of Emerald Expositions Events in the second quarter valued at approximately $340,000. Finally, New York State Common Retirement Fund bought a new position in shares of Emerald Expositions Events in the second quarter valued at approximately $366,000. Institutional investors own 30.03% of the company’s stock.
Shares of Emerald Expositions Events (NYSE EEX) traded down $0.11 during trading hours on Friday, reaching $19.14. The company’s stock had a trading volume of 114,849 shares, compared to its average volume of 160,199. The company has a market capitalization of $1,401.00 and a price-to-earnings ratio of 16.70. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.72. Emerald Expositions Events has a 1-year low of $18.19 and a 1-year high of $24.56.
The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $0.07 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.28 annualized dividend and a yield of 1.46%. Emerald Expositions Events’s payout ratio is currently 24.56%.
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Emerald Expositions Events Company Profile
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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