Emerald Holding, Inc. (EEX) to Issue Quarterly Dividend of $0.02 on November 20th

Emerald Holding, Inc. (NYSE:EEX) declared a quarterly dividend on Thursday, October 30th. Shareholders of record on Monday, November 10th will be given a dividend of 0.015 per share on Thursday, November 20th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, November 10th.

Emerald has decreased its dividend by an average of 0.4%annually over the last three years. Emerald has a payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings.

Emerald Price Performance

Shares of NYSE EEX opened at $3.99 on Friday. The firm has a market cap of $789.26 million, a P/E ratio of 133.04 and a beta of 1.17. The business’s 50 day moving average is $4.83 and its 200-day moving average is $4.80. The company has a current ratio of 0.81, a quick ratio of 1.05 and a debt-to-equity ratio of 1.35. Emerald has a 1-year low of $3.21 and a 1-year high of $5.45.

Emerald (NYSE:EEX) last posted its quarterly earnings data on Friday, October 31st. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Emerald had a return on equity of 1.20% and a net margin of 1.05%.The firm had revenue of $77.50 million for the quarter, compared to the consensus estimate of $76.80 million. Emerald has set its FY 2025 guidance at EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Rosenblatt Securities dropped their price target on shares of Emerald from $7.90 to $7.70 and set a “buy” rating for the company in a research report on Monday, November 3rd. Weiss Ratings downgraded Emerald from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. Finally, Wall Street Zen downgraded Emerald from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Emerald presently has an average rating of “Hold” and an average target price of $7.70.

Emerald Company Profile

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.