Emerald Expositions Events (NYSE:EEX) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Emerald Expositions Events (NYSE:EEX) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

Other research analysts also recently issued research reports about the stock. TheStreet downgraded shares of Emerald Expositions Events from a c- rating to a d+ rating in a research report on Friday, August 9th. Goldman Sachs Group lowered shares of Emerald Expositions Events from a buy rating to a neutral rating in a report on Wednesday, August 21st. Finally, Zacks Investment Research raised shares of Emerald Expositions Events from a sell rating to a hold rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company has an average rating of Hold and a consensus target price of $12.70.

Shares of NYSE:EEX traded up $0.18 on Tuesday, hitting $9.93. 6,576 shares of the company’s stock were exchanged, compared to its average volume of 134,303. The stock has a market capitalization of $714.89 million, a price-to-earnings ratio of 7.47 and a beta of 0.67. Emerald Expositions Events has a 12 month low of $9.12 and a 12 month high of $14.62. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.50 and a quick ratio of 0.50. The business’s 50 day simple moving average is $9.84 and its two-hundred day simple moving average is $10.41.

Emerald Expositions Events (NYSE:EEX) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. Emerald Expositions Events had a positive return on equity of 10.02% and a negative net margin of 19.25%. The company had revenue of $75.60 million for the quarter, compared to the consensus estimate of $79.38 million. During the same period last year, the business posted $0.32 EPS. Emerald Expositions Events’s quarterly revenue was down 26.7% on a year-over-year basis. Equities analysts forecast that Emerald Expositions Events will post 0.81 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Wednesday, November 13th. Emerald Expositions Events’s dividend payout ratio (DPR) is currently 22.56%.

Hedge funds have recently modified their holdings of the stock. Bank of Montreal Can grew its stake in Emerald Expositions Events by 446.3% in the second quarter. Bank of Montreal Can now owns 2,562 shares of the company’s stock valued at $28,000 after purchasing an additional 2,093 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Emerald Expositions Events in the 2nd quarter valued at about $40,000. Lapides Asset Management LLC acquired a new stake in Emerald Expositions Events in the third quarter valued at approximately $97,000. Russell Investments Group Ltd. acquired a new stake in Emerald Expositions Events in the third quarter valued at approximately $344,000. Finally, Rhumbline Advisers grew its holdings in Emerald Expositions Events by 9.9% in the third quarter. Rhumbline Advisers now owns 38,804 shares of the company’s stock worth $378,000 after purchasing an additional 3,499 shares during the last quarter. 33.33% of the stock is currently owned by institutional investors.

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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