Emerald Expositions Events (EEX) Hits New 12-Month Low at $11.35

Emerald Expositions Events Inc (NYSE:EEX) shares reached a new 52-week low during trading on Friday . The company traded as low as $11.35 and last traded at $11.26, with a volume of 28094 shares changing hands. The stock had previously closed at $11.60.

A number of research analysts have commented on the stock. ValuEngine cut shares of Emerald Expositions Events from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Robert W. Baird decreased their target price on shares of Emerald Expositions Events from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, November 2nd. Goldman Sachs Group raised shares of Emerald Expositions Events from a “neutral” rating to a “buy” rating and decreased their target price for the company from $20.30 to $15.00 in a research report on Tuesday. Bank of America cut shares of Emerald Expositions Events from a “buy” rating to a “neutral” rating in a research report on Thursday, November 1st. Finally, Citigroup cut shares of Emerald Expositions Events from a “neutral” rating to a “sell” rating and decreased their target price for the company from $18.50 to $11.00 in a research report on Friday, November 2nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $16.50.

The stock has a market capitalization of $928.49 million, a PE ratio of 10.24, a PEG ratio of 0.98 and a beta of 0.73. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.66.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 14th will be given a dividend of $0.072 per share. The ex-dividend date is Tuesday, November 13th. This represents a $0.29 annualized dividend and a dividend yield of 2.53%. Emerald Expositions Events’s dividend payout ratio is presently 26.13%.

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Emerald Expositions Events during the second quarter worth about $163,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Emerald Expositions Events during the third quarter worth about $210,000. Acadian Asset Management LLC acquired a new stake in shares of Emerald Expositions Events during the second quarter worth about $262,000. Millennium Management LLC acquired a new stake in shares of Emerald Expositions Events during the first quarter worth about $257,000. Finally, Prudential Financial Inc. acquired a new stake in shares of Emerald Expositions Events during the third quarter worth about $299,000. 36.01% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://sportsperspectives.com/2018/11/09/emerald-expositions-events-eex-hits-new-12-month-low-at-11-35.html.

About Emerald Expositions Events (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.

Further Reading: Market Capitalization – What it Means for Investors

Receive News & Ratings for Emerald Expositions Events Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerald Expositions Events and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply