Shares of Emerald Expositions Events Inc (NYSE:EEX) have received an average rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $12.63.
A number of research analysts have recently issued reports on EEX shares. Goldman Sachs Group lowered Emerald Expositions Events from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 21st. Zacks Investment Research upgraded Emerald Expositions Events from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. TheStreet lowered Emerald Expositions Events from a “c-” rating to a “d+” rating in a research report on Friday, August 9th. ValuEngine upgraded Emerald Expositions Events from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Citigroup upgraded Emerald Expositions Events from a “sell” rating to a “neutral” rating and increased their target price for the company from $11.00 to $11.50 in a research report on Wednesday, July 24th.
Shares of NYSE:EEX opened at $9.82 on Wednesday. Emerald Expositions Events has a 1 year low of $9.12 and a 1 year high of $15.73. The firm has a market capitalization of $706.84 million, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 1.35 and a beta of 0.64. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.48 and a quick ratio of 0.48. The business’s 50 day moving average price is $9.83 and its 200-day moving average price is $11.31.
Emerald Expositions Events (NYSE:EEX) last announced its earnings results on Thursday, August 1st. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Emerald Expositions Events had a positive return on equity of 12.44% and a negative net margin of 7.79%. The firm had revenue of $103.00 million for the quarter, compared to analyst estimates of $95.70 million. During the same quarter last year, the firm posted $0.23 EPS. The business’s revenue was up 31.4% on a year-over-year basis. On average, sell-side analysts expect that Emerald Expositions Events will post 0.81 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the business. LGT Capital Partners LTD. lifted its holdings in Emerald Expositions Events by 27.8% in the 3rd quarter. LGT Capital Partners LTD. now owns 230,000 shares of the company’s stock valued at $2,238,000 after purchasing an additional 50,000 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Emerald Expositions Events in the 2nd quarter valued at $2,066,000. Jane Street Group LLC purchased a new position in Emerald Expositions Events in the 2nd quarter valued at $404,000. Bank of America Corp DE lifted its holdings in Emerald Expositions Events by 15.6% in the 2nd quarter. Bank of America Corp DE now owns 94,765 shares of the company’s stock valued at $1,056,000 after purchasing an additional 12,787 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in Emerald Expositions Events in the 2nd quarter valued at $40,000. Institutional investors own 34.45% of the company’s stock.
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, such as photography, food, healthcare, industrials, and military.
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