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.
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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