Emerald Expositions Events, Inc. (NYSE:EEX) SVP Lori Jenks sold 6,666 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.23, for a total value of $148,185.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Emerald Expositions Events, Inc. (NYSE EEX) opened at $21.14 on Wednesday. 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, Inc. has a fifty-two week low of $18.67 and a fifty-two week high of $24.56.
Emerald Expositions Events (NYSE:EEX) last announced its earnings results on Thursday, November 2nd. The company reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. The firm had revenue of $100.40 million for the quarter, compared to analysts’ expectations of $107.24 million. Emerald Expositions Events had a return on equity of 7.09% and a net margin of 5.19%. Emerald Expositions Events’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. sell-side analysts predict that Emerald Expositions Events, Inc. will post 1.06 EPS for the current year.
A number of large investors have recently made changes to their positions in EEX. Neuberger Berman Group LLC acquired a new stake in shares of Emerald Expositions Events during the third quarter worth $877,000. Bamco Inc. NY boosted its holdings in shares of Emerald Expositions Events by 7.5% during the third quarter. Bamco Inc. NY now owns 1,075,000 shares of the company’s stock worth $24,983,000 after purchasing an additional 75,000 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of Emerald Expositions Events during the third quarter worth $216,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Emerald Expositions Events by 5.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 55,295 shares of the company’s stock worth $1,286,000 after purchasing an additional 2,803 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Emerald Expositions Events by 506.4% during the third quarter. Wells Fargo & Company MN now owns 270,657 shares of the company’s stock worth $6,291,000 after purchasing an additional 226,026 shares during the last quarter. Hedge funds and other institutional investors own 26.61% of the company’s stock.
Several research firms have commented on EEX. Zacks Investment Research raised Emerald Expositions Events from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Robert W. Baird increased their target price on Emerald Expositions Events from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $24.40.
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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.
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