Emerald Expositions Events Inc (EEX) Announces Quarterly Dividend of $0.07

Emerald Expositions Events Inc (NYSE:EEX) announced a quarterly dividend on Monday, January 29th, Wall Street Journal reports. Investors of record on Friday, February 9th will be given a dividend of 0.07 per share on Friday, February 23rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, February 8th.

Emerald Expositions Events (NYSE:EEX) traded down $0.18 during trading on Monday, reaching $21.38. The company had a trading volume of 40,286 shares, compared to its average volume of 90,531. 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 has a 12 month low of $18.67 and a 12 month high of $24.56.

Emerald Expositions Events (NYSE:EEX) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. The company 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%. Emerald Expositions Events’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. research analysts anticipate that Emerald Expositions Events will post 1.06 earnings per share for the current year.

A number of research firms recently commented on EEX. Zacks Investment Research upgraded Emerald Expositions Events from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, January 19th. Robert W. Baird upped their price objective on Emerald Expositions Events from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Finally, Goldman Sachs Group cut Emerald Expositions Events from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $24.36.

In other Emerald Expositions Events news, insider William Charles sold 17,675 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $22.28, for a total transaction of $393,799.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey G. Naylor sold 12,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $22.13, for a total value of $265,560.00. The disclosure for this sale can be found here. Insiders have sold 235,883 shares of company stock valued at $5,039,458 in the last three months.

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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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