Emerald Expositions Events, Inc. (NYSE:EEX) has earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $24.28.

EEX has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Emerald Expositions Events from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Royal Bank Of Canada cut their target price on shares of Emerald Expositions Events from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 30th. Deutsche Bank AG initiated coverage on shares of Emerald Expositions Events in a research note on Tuesday, May 23rd. They issued a “buy” rating and a $25.00 target price on the stock. Robert W. Baird initiated coverage on shares of Emerald Expositions Events in a research note on Tuesday, May 23rd. They issued a “neutral” rating and a $23.00 target price on the stock. Finally, Citigroup Inc. initiated coverage on shares of Emerald Expositions Events in a research note on Wednesday, May 24th. They issued a “buy” rating and a $25.00 target price on the stock.

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Shares of Emerald Expositions Events (NYSE EEX) opened at 21.72 on Tuesday. The firm has a market cap of $1.57 billion and a PE ratio of 62.96. Emerald Expositions Events has a 52-week low of $18.67 and a 52-week high of $23.37. The stock’s 50 day moving average price is $22.18 and its 200-day moving average price is $21.64.

Emerald Expositions Events (NYSE:EEX) last issued its earnings results on Thursday, August 3rd. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $74.14 million during the quarter, compared to analyst estimates of $74.81 million. On average, equities research analysts anticipate that Emerald Expositions Events will post $1.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, August 15th. This represents a $0.28 annualized dividend and a yield of 1.29%.

A number of large investors have recently added to or reduced their stakes in EEX. First Manhattan Co. acquired a new stake in Emerald Expositions Events during the second quarter valued at $2,538,000. State of New Jersey Common Pension Fund D acquired a new stake in Emerald Expositions Events during the second quarter valued at $2,190,000. Spark Investment Management LLC acquired a new stake in Emerald Expositions Events during the second quarter valued at $2,525,000. American Century Companies Inc. acquired a new stake in Emerald Expositions Events during the second quarter valued at $1,816,000. Finally, Bank of New York Mellon Corp acquired a new stake in Emerald Expositions Events during the second quarter valued at $1,196,000. Hedge funds and other institutional investors own 0.47% of the company’s stock.

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.

Analyst Recommendations for Emerald Expositions Events (NYSE:EEX)

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