William Charles Sells 9,852 Shares of Emerald Expositions Events Inc (EEX) Stock

Emerald Expositions Events Inc (NYSE:EEX) insider William Charles sold 9,852 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $12.44, for a total transaction of $122,558.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

EEX traded up $0.23 during trading on Tuesday, hitting $12.70. 57,193 shares of the company traded hands, compared to its average volume of 149,725. The stock has a market capitalization of $941.24 million, a price-to-earnings ratio of 9.55, a PEG ratio of 1.48 and a beta of 0.48. Emerald Expositions Events Inc has a 1 year low of $10.76 and a 1 year high of $21.56. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.38 and a current ratio of 0.46.

Emerald Expositions Events (NYSE:EEX) last posted its earnings results on Thursday, May 2nd. The company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.05). The company had revenue of $137.40 million for the quarter, compared to analysts’ expectations of $141.44 million. Emerald Expositions Events had a negative net margin of 9.76% and a positive return on equity of 11.55%. The business’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. On average, equities research analysts forecast that Emerald Expositions Events Inc will post 1.04 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.36%. This is a boost from Emerald Expositions Events’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Monday, May 13th. Emerald Expositions Events’s dividend payout ratio (DPR) is presently 21.80%.

A number of institutional investors and hedge funds have recently bought and sold shares of EEX. New York State Teachers Retirement System purchased a new position in shares of Emerald Expositions Events in the 4th quarter worth $27,000. BNP Paribas Arbitrage SA grew its stake in shares of Emerald Expositions Events by 269.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,757 shares of the company’s stock worth $73,000 after buying an additional 4,197 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Emerald Expositions Events by 340.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,883 shares of the company’s stock worth $85,000 after buying an additional 5,321 shares in the last quarter. Citigroup Inc. grew its stake in shares of Emerald Expositions Events by 45.4% in the 4th quarter. Citigroup Inc. now owns 9,922 shares of the company’s stock worth $122,000 after buying an additional 3,096 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Emerald Expositions Events in the 1st quarter worth $138,000. 35.09% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on EEX shares. ValuEngine cut shares of Emerald Expositions Events from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 14th. Barclays cut shares of Emerald Expositions Events from an “equal weight” rating to an “underweight” rating and set a $12.00 price objective for the company. in a research note on Friday, January 18th. Zacks Investment Research cut shares of Emerald Expositions Events from a “buy” rating to a “sell” rating in a research note on Monday, May 6th. Finally, TheStreet raised shares of Emerald Expositions Events from a “d” rating to a “c-” rating in a research note on Wednesday, May 8th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.38.

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About Emerald Expositions Events

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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Insider Buying and Selling by Quarter for Emerald Expositions Events (NYSE:EEX)

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