Emerald Expositions Events, Inc. (NYSE:EEX) had its price objective boosted by Robert W. Baird from $23.00 to $24.00 in a research note issued to investors on Friday morning. Robert W. Baird currently has a neutral rating on the stock.
Separately, Zacks Investment Research downgraded Emerald Expositions Events from a hold rating to a sell rating in a research report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $24.40.
Emerald Expositions Events (EEX) traded down $0.04 during trading hours on Friday, reaching $22.40. The company’s stock had a trading volume of 25,534 shares, compared to its average volume of 69,480. Emerald Expositions Events has a twelve month low of $18.67 and a twelve month high of $24.56. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.63 and a quick ratio of 0.63.
Emerald Expositions Events (NYSE:EEX) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $100.40 million for the quarter, compared to analyst estimates of $107.24 million. Emerald Expositions Events had a return on equity of 7.09% and a net margin of 5.19%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. equities research analysts predict 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 Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, November 15th. This represents a $0.28 dividend on an annualized basis and a yield of 1.25%. Emerald Expositions Events’s dividend payout ratio is presently 127.27%.
A number of large investors have recently made changes to their positions in EEX. FMR LLC purchased a new position in Emerald Expositions Events during the 2nd quarter valued at about $148,827,000. JPMorgan Chase & Co. purchased a new position in shares of Emerald Expositions Events during the 2nd quarter worth approximately $32,245,000. Lazard Asset Management LLC purchased a new position in shares of Emerald Expositions Events during the 2nd quarter worth approximately $30,602,000. Vanguard Group Inc. bought a new stake in shares of Emerald Expositions Events in the 2nd quarter worth approximately $27,309,000. Finally, Bamco Inc. NY bought a new stake in shares of Emerald Expositions Events in the 2nd quarter worth approximately $21,900,000. Institutional investors own 26.69% of the company’s stock.
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.
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