Emerald Expositions Events Inc (EEX) Given Average Rating of “Buy” by Analysts

Shares of Emerald Expositions Events Inc (NYSE:EEX) have received an average rating of “Buy” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $24.40.

Several equities analysts have weighed in on EEX shares. Zacks Investment Research raised Emerald Expositions Events from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Robert W. Baird lifted their price objective on Emerald Expositions Events from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, November 3rd.

In other Emerald Expositions Events news, insider William Charles sold 17,675 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $22.28, for a total value of $393,799.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Lori Jenks sold 6,666 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $22.23, for a total value of $148,185.18. The disclosure for this sale can be found here. Insiders have sold a total of 235,883 shares of company stock worth $5,039,458 in the last 90 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EEX. FMR LLC bought a new stake in shares of Emerald Expositions Events in the 2nd quarter valued at about $148,827,000. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Emerald Expositions Events by 1,879.4% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,238,144 shares of the company’s stock valued at $52,014,000 after buying an additional 2,125,071 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Emerald Expositions Events in the 2nd quarter valued at about $32,245,000. Lazard Asset Management LLC bought a new stake in shares of Emerald Expositions Events in the 2nd quarter valued at about $30,602,000. Finally, Vanguard Group Inc. bought a new stake in shares of Emerald Expositions Events in the 2nd quarter valued at about $27,309,000. Hedge funds and other institutional investors own 26.61% of the company’s stock.

Shares of Emerald Expositions Events (NYSE:EEX) opened at $20.93 on Friday. Emerald Expositions Events has a one year low of $18.67 and a one year high of $24.56. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.63 and a quick ratio of 0.63.

Emerald Expositions Events (NYSE:EEX) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.37 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. The firm had revenue of $100.40 million during the quarter, compared to analysts’ expectations of $107.24 million. Emerald Expositions Events had a return on equity of 7.09% and a net margin of 5.19%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. sell-side analysts anticipate that Emerald Expositions Events will post 1.06 EPS for the current fiscal year.

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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.

Analyst Recommendations for Emerald Expositions Events (NYSE:EEX)

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