Analysts expect that Emerald Expositions Events Inc (NYSE:EEX) will post $43.69 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Emerald Expositions Events’ earnings, with the lowest sales estimate coming in at $42.74 million and the highest estimate coming in at $44.63 million. Emerald Expositions Events posted sales of $57.00 million in the same quarter last year, which suggests a negative year-over-year growth rate of 23.4%. The business is scheduled to issue its next earnings report on Thursday, February 13th.
On average, analysts expect that Emerald Expositions Events will report full-year sales of $359.69 million for the current financial year, with estimates ranging from $358.74 million to $360.63 million. For the next financial year, analysts forecast that the company will report sales of $360.71 million, with estimates ranging from $357.85 million to $363.57 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Emerald Expositions Events.
Emerald Expositions Events (NYSE:EEX) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $75.60 million during the quarter, compared to analyst estimates of $79.38 million. Emerald Expositions Events had a negative net margin of 19.25% and a positive return on equity of 10.02%. The business’s revenue was down 26.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share.
Hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can boosted its holdings in shares of Emerald Expositions Events by 446.3% during the second quarter. Bank of Montreal Can now owns 2,562 shares of the company’s stock valued at $28,000 after acquiring an additional 2,093 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of Emerald Expositions Events during the second quarter valued at $40,000. Tower Research Capital LLC TRC boosted its holdings in shares of Emerald Expositions Events by 30.4% during the third quarter. Tower Research Capital LLC TRC now owns 4,731 shares of the company’s stock valued at $46,000 after acquiring an additional 1,104 shares during the period. Lapides Asset Management LLC acquired a new position in shares of Emerald Expositions Events during the third quarter valued at $97,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Emerald Expositions Events during the third quarter valued at $344,000. Hedge funds and other institutional investors own 33.93% of the company’s stock.
Shares of NYSE:EEX traded up $0.03 during midday trading on Thursday, reaching $9.61. The company had a trading volume of 124,270 shares, compared to its average volume of 118,468. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.50 and a quick ratio of 0.50. The stock’s fifty day moving average price is $9.82 and its 200-day moving average price is $10.75. The stock has a market capitalization of $684.18 million, a P/E ratio of 7.23 and a beta of 0.65. Emerald Expositions Events has a one year low of $9.12 and a one year high of $14.62.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.075 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.30 annualized dividend and a yield of 3.12%. Emerald Expositions Events’s payout ratio is 22.56%.
About Emerald Expositions Events
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, such as photography, food, healthcare, industrials, and military.
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