Emerald Expositions (EEX) Expected to Announce Quarterly Sales of $142.72 Million

Analysts forecast that Emerald Expositions (NYSE:EEX) will report $142.72 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Emerald Expositions’ earnings. The highest sales estimate is $145.70 million and the lowest is $139.74 million. Emerald Expositions posted sales of $135.65 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.2%. The firm is scheduled to issue its next earnings report on Thursday, May 24th.

According to Zacks, analysts expect that Emerald Expositions will report full-year sales of $142.72 million for the current fiscal year, with estimates ranging from $370.03 million to $371.73 million. For the next financial year, analysts expect that the company will post sales of $389.86 million per share, with estimates ranging from $384.96 million to $394.75 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Emerald Expositions.

Emerald Expositions (NYSE:EEX) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.07. The firm had revenue of $31.50 million during the quarter, compared to the consensus estimate of $31.57 million. Emerald Expositions had a return on equity of 10.10% and a net margin of 24.01%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis.



A number of analysts have recently issued reports on EEX shares. Goldman Sachs downgraded Emerald Expositions from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 23rd. ValuEngine upgraded Emerald Expositions from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Finally, Zacks Investment Research upgraded Emerald Expositions from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Emerald Expositions presently has an average rating of “Buy” and an average price target of $24.36.

Shares of EEX opened at $19.67 on Friday. The stock has a market cap of $1,422.83 and a PE ratio of 17.72. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.72. Emerald Expositions has a 12-month low of $18.19 and a 12-month high of $24.56.

In related news, major shareholder Corp Onex sold 6,000,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $17.76, for a total transaction of $106,560,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Loechner sold 92,587 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $21.26, for a total value of $1,968,399.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,890,020 shares of company stock worth $122,855,363. 5.30% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC purchased a new position in shares of Emerald Expositions during the 4th quarter valued at about $181,000. Stifel Financial Corp purchased a new position in shares of Emerald Expositions during the 3rd quarter valued at about $216,000. California State Teachers Retirement System raised its holdings in shares of Emerald Expositions by 13.0% during the 4th quarter. California State Teachers Retirement System now owns 28,583 shares of the company’s stock valued at $581,000 after buying an additional 3,288 shares in the last quarter. Swiss National Bank purchased a new position in shares of Emerald Expositions during the 4th quarter valued at about $626,000. Finally, Neuberger Berman Group LLC purchased a new position in shares of Emerald Expositions during the 3rd quarter valued at about $877,000. 30.03% of the stock is currently owned by institutional investors.

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Emerald Expositions Company Profile

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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