Emerald Expositions Events Inc (EEX) Receives $24.57 Consensus PT from Analysts

Emerald Expositions Events Inc (NYSE:EEX) has been assigned a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $24.57.

EEX has been the subject of a number of analyst reports. Goldman Sachs lowered Emerald Expositions Events from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 23rd. ValuEngine raised Emerald Expositions Events from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Finally, Zacks Investment Research raised Emerald Expositions Events from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd.

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Shares of EEX stock traded down $0.59 during trading hours on Wednesday, hitting $18.81. The stock had a trading volume of 488,234 shares, compared to its average volume of 368,811. 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 has a one year low of $18.19 and a one year high of $24.56. The firm has a market capitalization of $1,411.92 and a price-to-earnings ratio of 16.50.

Emerald Expositions Events (NYSE:EEX) last issued its earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07. The company had revenue of $31.50 million for the quarter, compared to analyst estimates of $31.57 million. Emerald Expositions Events had a return on equity of 10.10% and a net margin of 24.01%. The firm’s revenue was up 3.6% compared to the same quarter last year. research analysts anticipate that Emerald Expositions Events will post 1.25 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Thursday, February 8th. Emerald Expositions Events’s payout ratio is currently 24.56%.

In other Emerald Expositions Events news, SVP David Gosling sold 5,761 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $21.49, for a total value of $123,803.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph Randall sold 39,540 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $21.32, for a total value of $842,992.80. The disclosure for this sale can be found here. Insiders sold a total of 6,138,776 shares of company stock valued at $109,510,967 over the last three months.

A number of large investors have recently made changes to their positions in EEX. MetLife Investment Advisors LLC bought a new position in Emerald Expositions Events in the 4th quarter valued at $181,000. Stifel Financial Corp bought a new position in Emerald Expositions Events in the 3rd quarter valued at $216,000. Parametric Portfolio Associates LLC bought a new position in Emerald Expositions Events in the 2nd quarter valued at $340,000. California State Teachers Retirement System grew its stake in Emerald Expositions Events by 13.0% in the 4th quarter. California State Teachers Retirement System now owns 28,583 shares of the company’s stock valued at $581,000 after purchasing an additional 3,288 shares during the period. Finally, Swiss National Bank bought a new position in Emerald Expositions Events in the 4th quarter valued at $626,000. Hedge funds and other institutional investors own 30.03% of the company’s stock.

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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.

Analyst Recommendations for Emerald Expositions Events (NYSE:EEX)

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