Wall Street brokerages predict that Emerald Expositions Events Inc (NYSE:EEX) will announce sales of $143.44 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Emerald Expositions Events’ earnings. The lowest sales estimate is $138.25 million and the highest is $148.63 million. Emerald Expositions Events posted sales of $142.20 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.9%. The company is expected to report its next quarterly earnings report on Thursday, May 2nd.
On average, analysts expect that Emerald Expositions Events will report full year sales of $385.11 million for the current financial year, with estimates ranging from $384.02 million to $386.20 million. For the next financial year, analysts forecast that the company will report sales of $390.03 million, with estimates ranging from $387.86 million to $392.20 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Emerald Expositions Events.
Emerald Expositions Events (NYSE:EEX) last posted its earnings results on Thursday, February 14th. The company reported ($1.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($1.43). The firm had revenue of $57.00 million for the quarter, compared to analyst estimates of $53.55 million. Emerald Expositions Events had a negative net margin of 6.59% and a positive return on equity of 12.83%. The company’s revenue for the quarter was up 81.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 earnings per share.
EEX has been the subject of a number of research analyst reports. Barclays lowered shares of Emerald Expositions Events from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $19.00 to $12.00 in a research note on Monday, November 19th. Zacks Investment Research raised shares of Emerald Expositions Events from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Royal Bank of Canada initiated coverage on shares of Emerald Expositions Events in a research note on Monday, November 19th. They issued a “sector perform” rating and a $13.00 price target for the company. Finally, ValuEngine raised shares of Emerald Expositions Events from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 24th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $14.29.
Several large investors have recently modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of Emerald Expositions Events by 765.0% in the 4th quarter. American Century Companies Inc. now owns 478,698 shares of the company’s stock worth $5,907,000 after acquiring an additional 423,360 shares during the period. Geode Capital Management LLC lifted its stake in Emerald Expositions Events by 12.0% during the fourth quarter. Geode Capital Management LLC now owns 279,003 shares of the company’s stock valued at $3,442,000 after purchasing an additional 29,951 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Emerald Expositions Events by 72.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 876,335 shares of the company’s stock valued at $10,814,000 after purchasing an additional 367,734 shares during the last quarter. FMR LLC lifted its stake in Emerald Expositions Events by 51.8% during the fourth quarter. FMR LLC now owns 8,750,000 shares of the company’s stock valued at $107,975,000 after purchasing an additional 2,987,172 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in Emerald Expositions Events during the fourth quarter valued at approximately $193,000. 34.51% of the stock is owned by institutional investors.
Emerald Expositions Events stock traded up $0.15 during midday trading on Friday, reaching $12.62. 382,087 shares of the stock traded hands, compared to its average volume of 172,333. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $888.65 million, a price-to-earnings ratio of 9.49, a PEG ratio of 1.29 and a beta of 0.37. Emerald Expositions Events has a fifty-two week low of $10.76 and a fifty-two week high of $21.56.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 19th were paid a $0.0725 dividend. This is a positive change from Emerald Expositions Events’s previous quarterly dividend of $0.07. This represents a $0.29 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Friday, February 15th. Emerald Expositions Events’s dividend payout ratio is currently 21.80%.
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 comprising photography, food, healthcare, industrials, and military.
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