Emerald Expositions Events Inc (NYSE:EEX) saw a large drop in short interest in July. As of July 31st, there was short interest totalling 414,300 shares, a drop of 20.1% from the June 30th total of 518,400 shares. Based on an average trading volume of 128,400 shares, the short-interest ratio is presently 3.2 days. Currently, 1.7% of the company’s stock are sold short.

Shares of NYSE EEX traded up $0.10 during midday trading on Tuesday, hitting $9.63. The company’s stock had a trading volume of 81,941 shares, compared to its average volume of 140,948. Emerald Expositions Events has a 1-year low of $9.24 and a 1-year high of $16.99. The business has a fifty day simple moving average of $10.75. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.48 and a current ratio of 0.48. The firm has a market cap of $682.39 million, a price-to-earnings ratio of 7.24, a P/E/G ratio of 1.33 and a beta of 0.60.

Emerald Expositions Events (NYSE:EEX) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Emerald Expositions Events had a negative net margin of 7.79% and a positive return on equity of 12.44%. The business had revenue of $103.00 million during the quarter, compared to analyst estimates of $95.70 million. During the same period in the previous year, the business posted $0.23 EPS. The company’s quarterly revenue was up 31.4% on a year-over-year basis. On average, equities research analysts forecast that Emerald Expositions Events will post 0.81 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, August 12th. Emerald Expositions Events’s dividend payout ratio (DPR) is presently 22.56%.

Several hedge funds and other institutional investors have recently bought and sold shares of EEX. Dimensional Fund Advisors LP boosted its stake in Emerald Expositions Events by 72.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 876,335 shares of the company’s stock valued at $10,814,000 after purchasing an additional 367,734 shares during the period. WCM Investment Management LLC boosted its stake in Emerald Expositions Events by 69.0% during the 1st quarter. WCM Investment Management LLC now owns 829,270 shares of the company’s stock valued at $10,532,000 after purchasing an additional 338,451 shares during the period. FMR LLC boosted its stake in Emerald Expositions Events by 2.9% during the 1st quarter. FMR LLC now owns 9,000,591 shares of the company’s stock valued at $114,308,000 after purchasing an additional 250,591 shares during the period. Ceredex Value Advisors LLC boosted its stake in Emerald Expositions Events by 16.8% during the 1st quarter. Ceredex Value Advisors LLC now owns 1,239,200 shares of the company’s stock valued at $15,738,000 after purchasing an additional 178,090 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Emerald Expositions Events by 53.5% during the 4th quarter. Bank of New York Mellon Corp now owns 415,625 shares of the company’s stock valued at $5,129,000 after purchasing an additional 144,869 shares during the period. 35.28% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Emerald Expositions Events from a “hold” rating to a “strong sell” rating in a report on Monday, August 5th. Citigroup raised shares of Emerald Expositions Events from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $11.00 to $11.50 in a report on Wednesday, July 24th. TheStreet lowered shares of Emerald Expositions Events from a “c-” rating to a “d+” rating in a report on Friday. ValuEngine lowered shares of Emerald Expositions Events from a “sell” rating to a “strong sell” rating in a report on Friday, May 3rd. Finally, Goldman Sachs Group lowered shares of Emerald Expositions Events from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $15.16 to $14.16 in a report on Monday, June 3rd. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $13.95.

About Emerald Expositions Events

Emerald Expositions Events, Inc operates business-to-business (B2B) trade shows in the United States. The company operates trade shows in various industry sectors, including gift, home, and general merchandise; sports; design and construction; technology; jewelry; and others, such as photography, food, healthcare, industrials, and military.

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