Emerald Expositions Events Inc (NYSE:EEX) Receives $14.24 Average PT from Analysts

Emerald Expositions Events Inc (NYSE:EEX) has received an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $14.24.

Several analysts have commented on EEX shares. Citigroup upgraded Emerald Expositions Events from a “sell” rating to a “neutral” rating and increased their target price for the company from $11.00 to $11.50 in a research note on Wednesday, July 24th. Goldman Sachs Group downgraded Emerald Expositions Events from a “buy” rating to a “neutral” rating and cut their target price for the company from $15.16 to $14.16 in a research note on Monday, June 3rd. TheStreet upgraded Emerald Expositions Events from a “d” rating to a “c-” rating in a research note on Wednesday, May 8th. ValuEngine downgraded Emerald Expositions Events from a “sell” rating to a “strong sell” rating in a research note on Friday, May 3rd. Finally, Zacks Investment Research upgraded Emerald Expositions Events from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd.

Shares of Emerald Expositions Events stock traded down $0.10 during midday trading on Friday, hitting $9.91. The company had a trading volume of 4,430 shares, compared to its average volume of 169,532. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.74. The firm has a market cap of $793.95 million, a PE ratio of 7.52, a P/E/G ratio of 1.21 and a beta of 0.60. The firm has a 50 day moving average price of $11.12. Emerald Expositions Events has a 52-week low of $9.91 and a 52-week high of $19.38.

Emerald Expositions Events (NYSE:EEX) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $103.00 million for the quarter, compared to the consensus estimate of $95.70 million. Emerald Expositions Events had a positive return on equity of 11.55% and a negative net margin of 9.76%. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 EPS. As a group, equities analysts expect that Emerald Expositions Events will post 1.04 earnings per share for the current fiscal year.

In related news, insider Karalynn Sprouse sold 35,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $13.35, for a total value of $467,250.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William Charles sold 9,852 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $12.44, for a total value of $122,558.88. The disclosure for this sale can be found here. Insiders have sold a total of 103,307 shares of company stock worth $1,344,463 over the last three months. Insiders own 3.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in EEX. Gamco Investors INC. ET AL boosted its holdings in Emerald Expositions Events by 5.5% in the first quarter. Gamco Investors INC. ET AL now owns 19,024 shares of the company’s stock valued at $242,000 after purchasing an additional 1,000 shares during the last quarter. Citigroup Inc. boosted its position in shares of Emerald Expositions Events by 45.4% during the 4th quarter. Citigroup Inc. now owns 9,922 shares of the company’s stock worth $122,000 after purchasing an additional 3,096 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Emerald Expositions Events by 269.0% during 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 lifted its holdings in Emerald Expositions Events by 340.7% during 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. Finally, Federated Investors Inc. PA lifted its holdings in Emerald Expositions Events by 1.4% during the 1st quarter. Federated Investors Inc. PA now owns 400,114 shares of the company’s stock worth $5,082,000 after buying an additional 5,362 shares in the last quarter. 35.61% 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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Analyst Recommendations for Emerald Expositions Events (NYSE:EEX)

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