Emerald Expositions Events (EEX) Upgraded to Hold at Zacks Investment Research

Emerald Expositions Events (NYSE:EEX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Emerald Expositions Events, Inc. organizes business to business trade shows. The Company operates live events as well as offers other marketing services, including digital media and print publications. It serves sports, technology, jewelry, construction and other sectors primarily in the United States. Emerald Expositions Events, Inc. is headquartered in San Juan Capistrano, California. “

Separately, Robert W. Baird increased their price objective on shares of Emerald Expositions Events from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $24.40.

Shares of Emerald Expositions Events (NYSE EEX) traded down $0.47 during trading on Wednesday, reaching $20.71. 97,083 shares of the company’s stock were exchanged, compared to its average volume of 130,150. 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 has a 12-month low of $18.67 and a 12-month high of $24.56.

Emerald Expositions Events (NYSE:EEX) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $100.40 million for the quarter, compared to the consensus estimate of $107.24 million. Emerald Expositions Events had a net margin of 5.19% and a return on equity of 7.09%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. analysts predict that Emerald Expositions Events will post 1.06 EPS for the current fiscal year.

In other news, CEO David Loechner sold 74,777 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $20.81, for a total value of $1,556,109.37. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider William Charles sold 17,675 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.28, for a total transaction of $393,799.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 235,883 shares of company stock worth $5,039,458.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. acquired a new stake in Emerald Expositions Events during the 2nd quarter worth approximately $1,150,000. Rhumbline Advisers acquired a new stake in Emerald Expositions Events during the 2nd quarter worth approximately $376,000. Bank of New York Mellon Corp acquired a new stake in Emerald Expositions Events during the 2nd quarter worth approximately $1,196,000. American Century Companies Inc. acquired a new stake in Emerald Expositions Events during the 2nd quarter worth approximately $1,816,000. Finally, JPMorgan Chase & Co. acquired a new stake in Emerald Expositions Events during the 2nd quarter worth approximately $32,245,000. Institutional investors own 26.61% of the company’s stock.

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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.

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