Emerald Expositions Events Inc (NYSE:EEX) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 418,500 shares, a growth of 127.4% from the September 30th total of 184,000 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 125,200 shares, the short-interest ratio is currently 3.3 days.

Shares of Emerald Expositions Events stock traded up $0.06 during trading on Friday, reaching $9.64. 6,040 shares of the company were exchanged, compared to its average volume of 116,115. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.75. Emerald Expositions Events has a twelve month low of $9.12 and a twelve month high of $14.62. The business has a 50-day moving average price of $9.82 and a 200-day moving average price of $10.77. The firm has a market capitalization of $697.04 million, a price-to-earnings ratio of 7.25 and a beta of 0.65.

Emerald Expositions Events (NYSE:EEX) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Emerald Expositions Events had a positive return on equity of 10.02% and a negative net margin of 19.25%. The business had revenue of $75.60 million during the quarter, compared to analysts’ expectations of $79.38 million. During the same period in the previous year, the firm earned $0.32 earnings per share. The firm’s quarterly revenue was down 26.7% compared to the same quarter last year. On average, equities research analysts forecast that Emerald Expositions Events will post 0.81 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.11%. Emerald Expositions Events’s dividend payout ratio (DPR) is presently 22.56%.

Several institutional investors have recently made changes to their positions in EEX. First Trust Advisors LP grew its stake in shares of Emerald Expositions Events by 7.7% during the first quarter. First Trust Advisors LP now owns 217,899 shares of the company’s stock worth $2,767,000 after purchasing an additional 15,589 shares during the period. LGT Capital Partners LTD. grew its stake in shares of Emerald Expositions Events by 9.1% during the second quarter. LGT Capital Partners LTD. now owns 180,000 shares of the company’s stock worth $2,007,000 after purchasing an additional 15,000 shares during the period. Swiss National Bank grew its stake in shares of Emerald Expositions Events by 40.5% during the second quarter. Swiss National Bank now owns 46,800 shares of the company’s stock worth $522,000 after purchasing an additional 13,500 shares during the period. Gabelli Funds LLC grew its stake in shares of Emerald Expositions Events by 2.9% during the second quarter. Gabelli Funds LLC now owns 71,000 shares of the company’s stock worth $792,000 after purchasing an additional 2,000 shares during the period. Finally, WCM Investment Management LLC grew its stake in shares of Emerald Expositions Events by 11.5% during the second quarter. WCM Investment Management LLC now owns 924,514 shares of the company’s stock worth $10,308,000 after purchasing an additional 95,244 shares during the period. 33.93% of the stock is owned by institutional investors and hedge funds.

EEX has been the subject of several research reports. Goldman Sachs Group cut Emerald Expositions Events from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 21st. ValuEngine cut Emerald Expositions Events from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Zacks Investment Research raised Emerald Expositions Events from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. TheStreet cut Emerald Expositions Events from a “c-” rating to a “d+” rating in a research note on Friday, August 9th. Finally, Citigroup raised Emerald Expositions Events from a “sell” rating to a “neutral” rating and lifted their target price for the company from $11.00 to $11.50 in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $12.76.

Emerald Expositions Events Company Profile

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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