Brokerages Anticipate Emerald Expositions Events Inc (EEX) to Post $0.62 EPS

Equities research analysts forecast that Emerald Expositions Events Inc (NYSE:EEX) will report earnings per share (EPS) of $0.62 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Emerald Expositions Events’ earnings. The lowest EPS estimate is $0.60 and the highest is $0.63. Emerald Expositions Events posted earnings per share of $0.44 during the same quarter last year, which suggests a positive year over year growth rate of 40.9%. The company is scheduled to announce its next earnings report on Thursday, May 24th.

On average, analysts expect that Emerald Expositions Events will report full-year earnings of $1.25 per share for the current fiscal year. For the next financial year, analysts forecast that the company will report earnings of $1.32 per share, with EPS estimates ranging from $1.30 to $1.33. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Emerald Expositions Events.

Emerald Expositions Events (NYSE:EEX) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.07. Emerald Expositions Events had a net margin of 24.01% and a return on equity of 10.10%. The company had revenue of $31.50 million during the quarter, compared to the consensus estimate of $31.57 million. The business’s revenue for the quarter was up 3.6% on a year-over-year basis.

A number of brokerages have recently weighed in on EEX. Goldman Sachs raised shares of Emerald Expositions Events from a “sell” rating to a “neutral” rating in a report on Wednesday, March 14th. ValuEngine raised shares of Emerald Expositions Events from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Finally, Zacks Investment Research downgraded shares of Emerald Expositions Events from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.36.

In related news, major shareholder Corp Onex sold 6,000,000 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $17.76, for a total value of $106,560,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Loechner sold 92,587 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $21.26, for a total transaction of $1,968,399.62. The disclosure for this sale can be found here. In the last three months, insiders sold 6,138,776 shares of company stock valued at $109,510,967.

Large investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC bought a new position in Emerald Expositions Events in the 4th quarter valued at approximately $181,000. Stifel Financial Corp bought a new position in Emerald Expositions Events in the 3rd quarter valued at approximately $216,000. Parametric Portfolio Associates LLC bought a new position in Emerald Expositions Events in the 2nd quarter valued at approximately $340,000. California State Teachers Retirement System lifted 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 last quarter. Finally, Swiss National Bank bought a new position in Emerald Expositions Events in the 4th quarter valued at approximately $626,000. 30.03% of the stock is owned by institutional investors and hedge funds.

Shares of Emerald Expositions Events stock opened at $18.81 on Friday. Emerald Expositions Events has a twelve month low of $18.19 and a twelve month high of $24.56. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.72. The firm has a market cap of $1,368.97 and a P/E ratio of 16.50.

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