Emerald Expositions Events Inc (EEX) Expected to Announce Earnings of -$0.01 Per Share

Equities analysts predict that Emerald Expositions Events Inc (NYSE:EEX) will report ($0.01) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Emerald Expositions Events’ earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at ($0.03). Emerald Expositions Events posted earnings per share of $0.01 during the same quarter last year, which would suggest a negative year-over-year growth rate of 200%. The company is expected to announce its next quarterly earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Emerald Expositions Events will report full-year earnings of $1.32 per share for the current year, with EPS estimates ranging from $1.30 to $1.33. For the next year, analysts anticipate that the firm will report earnings of $1.30 per share, with EPS estimates ranging from $1.21 to $1.36. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Emerald Expositions Events.

Emerald Expositions Events (NYSE:EEX) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Emerald Expositions Events had a return on equity of 12.68% and a net margin of 29.62%. The firm had revenue of $103.10 million for the quarter, compared to the consensus estimate of $104.32 million. During the same quarter last year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year.

Several research analysts have recently commented on the company. Credit Suisse Group assumed coverage on Emerald Expositions Events in a research note on Friday, August 10th. They issued a “neutral” rating and a $17.00 price objective on the stock. Zacks Investment Research downgraded Emerald Expositions Events from a “hold” rating to a “sell” rating in a research note on Monday, November 5th. Barclays downgraded Emerald Expositions Events from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $19.00 to $12.00 in a research note on Monday, November 19th. Royal Bank of Canada assumed coverage on Emerald Expositions Events in a research note on Monday, November 19th. They issued a “sector perform” rating and a $13.00 price objective on the stock. Finally, Robert W. Baird decreased their price objective on Emerald Expositions Events from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, November 2nd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.50.

NYSE EEX opened at $12.32 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.57 and a current ratio of 0.57. Emerald Expositions Events has a 52 week low of $10.76 and a 52 week high of $22.98. The stock has a market capitalization of $856.49 million, a PE ratio of 11.10, a P/E/G ratio of 0.87 and a beta of 0.62.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Investors of record on Wednesday, November 14th were paid a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Tuesday, November 13th. Emerald Expositions Events’s dividend payout ratio (DPR) is presently 26.13%.

In related news, insider William Charles sold 14,932 shares of Emerald Expositions Events stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $12.00, for a total transaction of $179,184.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.30% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in Emerald Expositions Events during the 2nd quarter valued at approximately $163,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Emerald Expositions Events during the 3rd quarter valued at approximately $210,000. Renaissance Technologies LLC bought a new stake in Emerald Expositions Events during the 3rd quarter valued at approximately $255,000. Millennium Management LLC bought a new stake in Emerald Expositions Events during the 1st quarter valued at approximately $257,000. Finally, Acadian Asset Management LLC bought a new stake in Emerald Expositions Events during the 2nd quarter valued at approximately $262,000. 35.60% of the stock is currently owned by institutional investors.

About Emerald Expositions Events

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.

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