Emerald Expositions Events (EEX) Trading Down 5.2%

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Emerald Expositions Events Inc (NYSE:EEX) shares fell 5.2% during trading on Thursday . The stock traded as low as $11.59 and last traded at $11.60. 1,046,390 shares were traded during mid-day trading, an increase of 434% from the average session volume of 195,874 shares. The stock had previously closed at $12.24.

Several research firms recently commented on EEX. Goldman Sachs Group raised Emerald Expositions Events from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $20.30 to $15.00 in a research note on Tuesday. Zacks Investment Research downgraded Emerald Expositions Events from a “hold” rating to a “sell” rating in a research note on Monday, November 5th. Robert W. Baird reduced their price objective on Emerald Expositions Events from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, November 2nd. Citigroup downgraded Emerald Expositions Events from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $18.50 to $11.00 in a research note on Friday, November 2nd. Finally, Bank of America downgraded Emerald Expositions Events from a “buy” rating to a “neutral” rating in a research note on Thursday, November 1st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $16.50.

The company has a market capitalization of $894.16 million, a PE ratio of 10.24, a price-to-earnings-growth ratio of 0.95 and a beta of 0.73. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.66.

Emerald Expositions Events (NYSE:EEX) last issued its earnings results on Thursday, November 1st. The company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. Emerald Expositions Events had a return on equity of 12.82% and a net margin of 29.62%. The business had revenue of $103.10 million during the quarter, compared to the consensus estimate of $104.32 million. During the same period last year, the company earned $0.36 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Research analysts predict that Emerald Expositions Events Inc will post 1.32 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 14th will be paid a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Tuesday, November 13th. Emerald Expositions Events’s dividend payout ratio (DPR) is presently 26.13%.

Institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp grew its holdings in shares of Emerald Expositions Events by 6.0% during the 1st quarter. Northern Trust Corp now owns 193,054 shares of the company’s stock worth $3,761,000 after purchasing an additional 10,894 shares during the period. BlackRock Inc. grew its holdings in shares of Emerald Expositions Events by 1.6% during the 1st quarter. BlackRock Inc. now owns 981,685 shares of the company’s stock worth $19,122,000 after purchasing an additional 15,028 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Emerald Expositions Events during the 1st quarter worth $374,000. Millennium Management LLC purchased a new position in shares of Emerald Expositions Events during the 1st quarter worth $257,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Emerald Expositions Events during the 2nd quarter worth $262,000. 36.01% of the stock is owned by institutional investors and hedge funds.

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Emerald Expositions Events Company Profile (NYSE:EEX)

Emerald Expositions Events, Inc operates business-to-business (B2B) trade shows in the United States. The company operates trade shows in various industry sectors, including gift, home and general merchandise; sports; design and construction; technology; jewelry; and others comprising photography, food, healthcare, industrials, and military.

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