Emerald Expositions Events Inc (NYSE:EEX) announced a quarterly dividend on Thursday, October 31st, Fidelity reports. Shareholders of record on Thursday, November 14th will be paid a dividend of 0.075 per share on Wednesday, November 27th. This represents a $0.30 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Wednesday, November 13th.
Emerald Expositions Events stock traded up $0.15 during trading on Tuesday, reaching $9.83. 37,189 shares of the company were exchanged, compared to its average volume of 107,611. Emerald Expositions Events has a 52-week low of $9.12 and a 52-week high of $14.62. The company has a market capitalization of $718.46 million, a P/E ratio of 7.39 and a beta of 0.65. 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 stock’s 50 day simple moving average is $9.85 and its two-hundred day simple moving average is $10.83.
Emerald Expositions Events (NYSE:EEX) last posted its earnings results on Tuesday, November 5th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.04. The company had revenue of $75.60 million for the quarter, compared to the consensus estimate of $79.38 million. Emerald Expositions Events had a positive return on equity of 10.02% and a negative net margin of 19.25%. The company’s revenue for the quarter was down 26.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share. As a group, equities analysts forecast that Emerald Expositions Events will post 0.81 earnings per share for the current year.
Several research firms recently commented on EEX. Goldman Sachs Group cut Emerald Expositions Events from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 21st. ValuEngine cut Emerald Expositions Events from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. TheStreet downgraded Emerald Expositions Events from a “c-” rating to a “d+” rating in a research note on Friday, August 9th. Zacks Investment Research raised Emerald Expositions Events from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Citigroup raised Emerald Expositions Events from a “sell” rating to a “neutral” rating and increased their target price for the stock from $11.00 to $11.50 in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $12.76.
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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