Emerald Expositions Events Inc (EEX) Receives $24.50 Average Target Price from Analysts

Emerald Expositions Events Inc (NYSE:EEX) has been given a consensus rating of “Buy” by the nine brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $24.50.

EEX has been the topic of a number of recent research reports. Robert W. Baird raised their price target on shares of Emerald Expositions Events from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of Emerald Expositions Events from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Finally, Goldman Sachs Group downgraded shares of Emerald Expositions Events from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 23rd.

Emerald Expositions Events (NYSE EEX) traded down $0.01 during midday trading on Tuesday, reaching $21.44. 47,787 shares of the company’s stock were exchanged, compared to its average volume of 89,028. Emerald Expositions Events has a 12-month low of $18.67 and a 12-month high of $24.56. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.63 and a current ratio of 0.63.

Emerald Expositions Events (NYSE:EEX) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.37. Emerald Expositions Events had a net margin of 5.19% and a return on equity of 7.09%. The company had revenue of $100.40 million for the quarter, compared to the consensus estimate of $107.24 million. During the same period last year, the firm posted $0.43 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. research analysts expect that Emerald Expositions Events will post 1.06 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a $0.07 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.31%.

In other news, CEO David Loechner sold 31,555 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $20.04, for a total value of $632,362.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider William Charles sold 17,675 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $22.28, for a total transaction of $393,799.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 235,883 shares of company stock worth $5,039,458.

A number of large investors have recently modified their holdings of EEX. Schwab Charles Investment Management Inc. bought a new stake in Emerald Expositions Events in the 2nd quarter valued at about $1,150,000. Rhumbline Advisers bought a new stake in Emerald Expositions Events in the 2nd quarter valued at about $376,000. Bank of New York Mellon Corp bought a new stake in Emerald Expositions Events in the 2nd quarter valued at about $1,196,000. Wells Fargo & Company MN bought a new stake in Emerald Expositions Events in the 2nd quarter valued at about $977,000. Finally, Teachers Advisors LLC bought a new stake in Emerald Expositions Events in the 2nd quarter valued at about $607,000. Hedge funds and other institutional investors own 26.63% of the company’s stock.

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About Emerald Expositions Events

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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