Brokerages expect Emerald Expositions Events Inc (NYSE:EEX) to post sales of $79.39 million for the current quarter, according to Zacks. Two analysts have issued estimates for Emerald Expositions Events’ earnings. The lowest sales estimate is $76.35 million and the highest is $82.42 million. Emerald Expositions Events posted sales of $103.10 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 23%. The company is scheduled to issue its next earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Emerald Expositions Events will report full-year sales of $365.36 million for the current financial year, with estimates ranging from $364.05 million to $366.66 million. For the next fiscal year, analysts expect that the firm will post sales of $365.84 million, with estimates ranging from $363.99 million to $367.69 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Emerald Expositions Events.

Emerald Expositions Events (NYSE:EEX) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the 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 quarter in the previous year, the business earned $0.23 EPS. Emerald Expositions Events’s quarterly revenue was up 31.4% compared to the same quarter last year.

A number of research firms have weighed in on EEX. TheStreet lowered shares of Emerald Expositions Events from a “c-” rating to a “d+” rating in a research report on Friday, August 9th. Goldman Sachs Group lowered shares of Emerald Expositions Events from a “buy” rating to a “neutral” rating and cut their target price for the stock from $15.16 to $14.16 in a research report on Monday, June 3rd. Zacks Investment Research lowered shares of Emerald Expositions Events from a “hold” rating to a “strong sell” rating in a research report on Monday, August 5th. ValuEngine lowered shares of Emerald Expositions Events from a “sell” rating to a “strong sell” rating in a research report on Friday, May 3rd. Finally, Citigroup raised shares of Emerald Expositions Events from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $11.00 to $11.50 in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $13.95.

Emerald Expositions Events stock traded up $0.15 on Thursday, reaching $9.58. 119,300 shares of the stock were exchanged, compared to its average volume of 169,959. The stock has a market cap of $678.79 million, a PE ratio of 7.67, a PEG ratio of 1.33 and a beta of 0.60. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.73. Emerald Expositions Events has a twelve month low of $9.24 and a twelve month high of $16.99. The firm has a fifty day moving average price of $10.63 and a two-hundred day moving average price of $12.20.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.30 annualized dividend and a dividend yield of 3.13%. Emerald Expositions Events’s payout ratio is 22.56%.

Several large investors have recently bought and sold shares of EEX. Dimensional Fund Advisors LP increased its stake in Emerald Expositions Events by 72.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 876,335 shares of the company’s stock valued at $10,814,000 after acquiring an additional 367,734 shares during the period. WCM Investment Management LLC increased its stake in Emerald Expositions Events by 69.0% in the first quarter. WCM Investment Management LLC now owns 829,270 shares of the company’s stock valued at $10,532,000 after acquiring an additional 338,451 shares during the period. FMR LLC increased its stake in Emerald Expositions Events by 2.9% in the first quarter. FMR LLC now owns 9,000,591 shares of the company’s stock valued at $114,308,000 after acquiring an additional 250,591 shares during the period. Nuveen Asset Management LLC bought a new stake in Emerald Expositions Events in the second quarter valued at about $2,066,000. Finally, Ceredex Value Advisors LLC increased its stake in Emerald Expositions Events by 16.8% in the first quarter. Ceredex Value Advisors LLC now owns 1,239,200 shares of the company’s stock valued at $15,738,000 after acquiring an additional 178,090 shares during the period. Institutional investors own 35.28% of the company’s stock.

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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