$0.18 Earnings Per Share Expected for Emerald Expositions Events, Inc. (EEX) This Quarter
Equities research analysts forecast that Emerald Expositions Events, Inc. (NYSE:EEX) will post earnings per share (EPS) of $0.18 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Emerald Expositions Events’ earnings, with estimates ranging from $0.16 to $0.20. The company is expected to report its next earnings results on Thursday, August 24th.
According to Zacks, analysts expect that Emerald Expositions Events will report full year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $1.06 to $1.10. For the next year, analysts anticipate that the business will post earnings of $1.15 per share, with EPS estimates ranging from $1.13 to $1.16. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Emerald Expositions Events.
Emerald Expositions Events (NYSE:EEX) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.15. The firm had revenue of $135.65 million during the quarter, compared to analyst estimates of $135.72 million.
A number of brokerages have weighed in on EEX. Royal Bank Of Canada began coverage on Emerald Expositions Events in a research note on Tuesday, May 23rd. They set an “outperform” rating and a $25.00 price objective for the company. Deutsche Bank AG began coverage on Emerald Expositions Events in a research note on Tuesday, May 23rd. They set a “buy” rating and a $25.00 price objective for the company. Goldman Sachs Group, Inc. (The) began coverage on Emerald Expositions Events in a research note on Tuesday, May 23rd. They set a “neutral” rating and a $23.20 price objective for the company. Credit Suisse Group began coverage on Emerald Expositions Events in a research note on Tuesday, May 23rd. They set a “neutral” rating and a $24.00 price objective for the company. Finally, Bank of America Corporation began coverage on Emerald Expositions Events in a research note on Tuesday, May 23rd. They set a “buy” rating and a $25.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Emerald Expositions Events currently has a consensus rating of “Buy” and a consensus price target of $24.28.
Shares of Emerald Expositions Events (EEX) traded down 0.50% during trading on Monday, hitting $22.04. The stock had a trading volume of 155,122 shares. The stock’s 50-day moving average price is $21.18 and its 200-day moving average price is $21.18. Emerald Expositions Events has a one year low of $18.67 and a one year high of $23.37. The company has a market cap of $1.59 billion and a P/E ratio of 63.88.
The firm also recently disclosed a special dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Wednesday, June 7th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, June 5th.
In other Emerald Expositions Events news, major shareholder Corp Onex sold 7,491,667 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $17.00, for a total transaction of $127,358,339.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kosty Gilis sold 2,155 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $17.00, for a total value of $36,635.00. The disclosure for this sale can be found here.
WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/06/19/0-18-earnings-per-share-expected-for-emerald-expositions-events-inc-eex-this-quarter.html.
Emerald Expositions Events Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Emerald Expositions Events Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerald Expositions Events Inc. and related companies with MarketBeat.com's FREE daily email newsletter.