Zacks: Brokerages Expect Emerald Expositions Events Inc (NYSE:EEX) Will Announce Quarterly Sales of $43.69 Million

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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.

A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Emerald Expositions Events from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Goldman Sachs Group lowered shares of Emerald Expositions Events from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 21st. Citigroup upgraded shares of Emerald Expositions Events from a “sell” rating to a “neutral” rating and boosted their target price for the company from $11.00 to $11.50 in a research note on Wednesday, July 24th. TheStreet lowered shares of Emerald Expositions Events from a “c-” rating to a “d+” rating in a research note on Friday, August 9th. Finally, ValuEngine lowered shares of Emerald Expositions Events from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.76.

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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