Emerald Expositions Events Inc (NYSE:EEX) Director Amir Motamedi sold 888 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $17.76, for a total transaction of $15,770.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Emerald Expositions Events Inc (NYSE EEX) traded up $0.35 during trading on Friday, reaching $19.35. 356,501 shares of the company traded hands, compared to its average volume of 173,563. The stock has a market cap of $1,372.62 and a price-to-earnings ratio of 17.04. Emerald Expositions Events Inc has a one year low of $18.19 and a one year high of $24.56. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.72.
Emerald Expositions Events (NYSE:EEX) last released its earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.07. The company had revenue of $31.50 million during the quarter, compared to analyst estimates of $31.57 million. Emerald Expositions Events had a net margin of 24.01% and a return on equity of 10.10%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. analysts predict that Emerald Expositions Events Inc will post 1.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Thursday, February 8th. Emerald Expositions Events’s dividend payout ratio (DPR) is currently 24.56%.
A number of institutional investors and hedge funds have recently made changes to their positions in EEX. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Emerald Expositions Events by 1,879.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,238,144 shares of the company’s stock valued at $52,014,000 after buying an additional 2,125,071 shares in the last quarter. Sutton Square Management L.P. purchased a new stake in Emerald Expositions Events during the 4th quarter valued at approximately $5,394,000. Lazard Asset Management LLC grew its holdings in Emerald Expositions Events by 19.4% during the 4th quarter. Lazard Asset Management LLC now owns 1,550,340 shares of the company’s stock valued at $31,533,000 after buying an additional 252,092 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Emerald Expositions Events by 506.4% during the 3rd quarter. Wells Fargo & Company MN now owns 270,657 shares of the company’s stock valued at $6,291,000 after buying an additional 226,026 shares in the last quarter. Finally, State Street Corp purchased a new stake in Emerald Expositions Events during the 2nd quarter valued at approximately $4,246,000. 30.03% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the stock. Goldman Sachs raised shares of Emerald Expositions Events from a “sell” rating to a “neutral” rating in a report on Wednesday. ValuEngine raised shares of Emerald Expositions Events from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Finally, Zacks Investment Research lowered shares of Emerald Expositions Events from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $24.36.
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About Emerald Expositions Events
Emerald Expositions Events, Inc (Emerald), formerly Expo Event Holdco, Inc, is an operator of business-to-business (B2B) trade shows. The Company operates across multiple sectors, which includes: Gift, Home and General Merchandise; Sports; Design and Construction; Technology; Jewelry; Other Trade Shows; and Other Events.
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