Emerald Expositions Events, Inc. (EEX) CEO Sells $1,187,125.26 in Stock
Emerald Expositions Events, Inc. (NYSE:EEX) CEO David Loechner sold 53,139 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $22.34, for a total transaction of $1,187,125.26. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Emerald Expositions Events, Inc. (NYSE:EEX) traded down $1.37 during trading hours on Tuesday, reaching $21.14. The company had a trading volume of 146,786 shares, compared to its average volume of 174,454. Emerald Expositions Events, Inc. has a 12-month low of $18.67 and a 12-month high of $24.56. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.63 and a current ratio of 0.63.
Emerald Expositions Events (NYSE:EEX) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. Emerald Expositions Events had a return on equity of 7.09% and a net margin of 5.19%. The firm had revenue of $100.40 million for the quarter, compared to the consensus estimate of $107.24 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. sell-side analysts anticipate that Emerald Expositions Events, Inc. will post 1.06 EPS for the current year.
EEX has been the subject of a number of recent analyst reports. Robert W. Baird increased their target price on shares of Emerald Expositions Events from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Emerald Expositions Events from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.40.
A number of hedge funds have recently made changes to their positions in EEX. Nationwide Fund Advisors acquired a new position in Emerald Expositions Events during the second quarter valued at approximately $200,000. Stifel Financial Corp acquired a new stake in shares of Emerald Expositions Events in the third quarter worth $216,000. Atlantic Trust Group LLC acquired a new stake in shares of Emerald Expositions Events in the second quarter worth $274,000. Parametric Portfolio Associates LLC acquired a new stake in shares of Emerald Expositions Events in the second quarter worth $340,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Emerald Expositions Events in the second quarter worth $366,000. Institutional investors own 26.61% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Emerald Expositions Events, Inc. (EEX) CEO Sells $1,187,125.26 in Stock” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.americanbankingnews.com/2017/12/05/emerald-expositions-events-inc-eex-ceo-sells-1187125-26-in-stock.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.
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.