Zacks: Brokerages Anticipate Emerald Expositions Events Inc (EEX) Will Announce Quarterly Sales of $30.16 Million

Equities analysts expect Emerald Expositions Events Inc (NYSE:EEX) to announce $30.16 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Emerald Expositions Events’ earnings, with estimates ranging from $28.33 million to $31.98 million. The firm is expected to report its next quarterly earnings results on Thursday, February 1st.

On average, analysts expect that Emerald Expositions Events will report full year sales of $30.16 million for the current fiscal year, with estimates ranging from $347.02 million to $348.69 million. For the next year, analysts anticipate that the firm will report sales of $366.67 million per share, with estimates ranging from $365.47 million to $367.87 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Emerald Expositions Events.

Emerald Expositions Events (NYSE:EEX) last announced its earnings results on Thursday, November 2nd. The company reported $0.37 EPS for the quarter, hitting the 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 during the quarter, compared to analysts’ expectations of $107.24 million. During the same period last year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis.

Several brokerages have commented on EEX. Robert W. Baird raised their target price on shares of Emerald Expositions Events from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Emerald Expositions Events from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, January 19th. Finally, Goldman Sachs Group cut shares of Emerald Expositions Events from a “neutral” rating to a “sell” rating in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $24.36.

Emerald Expositions Events (NYSE:EEX) opened at $21.44 on Friday. Emerald Expositions Events has a fifty-two week low of $18.67 and a fifty-two week high of $24.56. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.76.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, February 8th.

In related news, Director Jeffrey G. Naylor sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $22.13, for a total transaction of $265,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider William Charles sold 17,675 shares of the firm’s stock in a transaction that occurred on 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 have sold 235,883 shares of company stock valued at $5,039,458.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nationwide Fund Advisors acquired a new stake in Emerald Expositions Events in the second quarter valued at approximately $200,000. Stifel Financial Corp acquired a new stake in Emerald Expositions Events in the third quarter valued at approximately $216,000. Parametric Portfolio Associates LLC acquired a new stake in Emerald Expositions Events in the second quarter valued at approximately $340,000. New York State Common Retirement Fund acquired a new stake in Emerald Expositions Events in the second quarter valued at approximately $366,000. Finally, Rhumbline Advisers acquired a new stake in Emerald Expositions Events in the second quarter valued at approximately $376,000. 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.

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