Emerald Expositions Events Inc (NYSE:EEX) Expected to Post Earnings of $0.14 Per Share

Analysts predict that Emerald Expositions Events Inc (NYSE:EEX) will report earnings of $0.14 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Emerald Expositions Events’ earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.15. Emerald Expositions Events reported earnings of $0.42 per share during the same quarter last year, which suggests a negative year over year growth rate of 66.7%. The firm is scheduled to report its next earnings report on Thursday, November 7th.

On average, analysts expect that Emerald Expositions Events will report full year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.90 to $0.91. For the next financial year, analysts forecast that the business will post earnings of $0.89 per share, with EPS estimates ranging from $0.84 to $0.94. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Emerald Expositions Events.

Emerald Expositions Events (NYSE:EEX) last issued its quarterly earnings data 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. The firm had revenue of $103.00 million during the quarter, compared to analysts’ expectations of $95.70 million. Emerald Expositions Events had a negative net margin of 7.79% and a positive return on equity of 12.44%. The business’s revenue was up 31.4% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share.



Several equities analysts recently weighed in on EEX shares. TheStreet cut shares of Emerald Expositions Events from a “c-” rating to a “d+” rating in a research report on Friday, August 9th. Citigroup raised Emerald Expositions Events from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $11.00 to $11.50 in a report on Wednesday, July 24th. Zacks Investment Research downgraded Emerald Expositions Events from a “hold” rating to a “strong sell” rating in a research note on Monday, August 5th. Finally, Goldman Sachs Group lowered Emerald Expositions Events from a “buy” rating to a “neutral” rating in a report on Wednesday, August 21st. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Emerald Expositions Events presently has a consensus rating of “Hold” and an average target price of $13.69.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EEX. Millennium Management LLC purchased a new position in Emerald Expositions Events during the fourth quarter worth about $193,000. Dimensional Fund Advisors LP increased its stake in Emerald Expositions Events by 72.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 876,335 shares of the company’s stock valued at $10,814,000 after buying an additional 367,734 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Emerald Expositions Events by 269.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,757 shares of the company’s stock worth $73,000 after buying an additional 4,197 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Emerald Expositions Events by 5.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 19,024 shares of the company’s stock worth $242,000 after buying an additional 1,000 shares in the last quarter. Finally, Ceredex Value Advisors LLC boosted its stake in shares of Emerald Expositions Events by 16.8% in the 1st quarter. Ceredex Value Advisors LLC now owns 1,239,200 shares of the company’s stock worth $15,738,000 after buying an additional 178,090 shares during the last quarter. 34.45% of the stock is currently owned by institutional investors.

Shares of EEX traded up $0.10 on Thursday, reaching $10.22. The company’s stock had a trading volume of 224,101 shares, compared to its average volume of 143,387. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.73. Emerald Expositions Events has a twelve month low of $9.12 and a twelve month high of $16.99. The stock has a market capitalization of $717.66 million, a PE ratio of 7.68, a PEG ratio of 1.40 and a beta of 0.64. The firm has a fifty day moving average of $9.88 and a 200-day moving average of $11.69.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were issued a $0.075 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.30 annualized dividend and a dividend yield of 2.94%. Emerald Expositions Events’s dividend payout ratio is currently 22.56%.

Emerald Expositions Events 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, such as photography, food, healthcare, industrials, and military.

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