Emerald Expositions Events (NYSE:EEX) was downgraded by equities research analysts at TheStreet from a “c-” rating to a “d+” rating in a research note issued to investors on Friday, TheStreetRatingsTable reports.
Other analysts have also issued research reports about the stock. ValuEngine lowered shares of Emerald Expositions Events from a “sell” rating to a “strong sell” rating in a research report on Friday, May 3rd. Goldman Sachs Group lowered shares of Emerald Expositions Events from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $15.16 to $14.16 in a research report on Monday, June 3rd. Zacks Investment Research lowered shares of Emerald Expositions Events from a “hold” rating to a “strong sell” rating in a research report on Monday, August 5th. Finally, Citigroup raised shares of Emerald Expositions Events from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $11.00 to $11.50 in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $13.95.
Shares of EEX stock opened at $9.53 on Friday. The company has a market capitalization of $682.39 million, a price-to-earnings ratio of 7.17, a price-to-earnings-growth ratio of 1.33 and a beta of 0.60. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.73. Emerald Expositions Events has a 52 week low of $9.24 and a 52 week high of $16.99. The stock has a 50-day moving average of $10.75.
Emerald Expositions Events (NYSE:EEX) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. The business had revenue of $103.00 million for the quarter, compared to analyst estimates of $95.70 million. Emerald Expositions Events had a negative net margin of 7.79% and a positive return on equity of 12.44%. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. As a group, analysts expect that Emerald Expositions Events will post 0.81 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of EEX. Bank of Montreal Can raised its position in shares of Emerald Expositions Events by 446.3% in the second quarter. Bank of Montreal Can now owns 2,562 shares of the company’s stock valued at $28,000 after purchasing an additional 2,093 shares during the period. BNP Paribas Arbitrage SA grew its stake in Emerald Expositions Events by 269.0% during the first quarter. BNP Paribas Arbitrage SA now owns 5,757 shares of the company’s stock valued at $73,000 after acquiring an additional 4,197 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Emerald Expositions Events by 340.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,883 shares of the company’s stock valued at $85,000 after acquiring an additional 5,321 shares in the last quarter. Millennium Management LLC purchased a new position in Emerald Expositions Events during the fourth quarter valued at approximately $193,000. Finally, Gamco Investors INC. ET AL grew its stake in Emerald Expositions Events by 5.5% during the first quarter. Gamco Investors INC. ET AL now owns 19,024 shares of the company’s stock valued at $242,000 after acquiring an additional 1,000 shares in the last quarter. 35.28% of the stock is currently owned by institutional investors.
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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