Equities research analysts expect that Emerald Expositions Events Inc (NYSE:EEX) will report ($0.01) earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Emerald Expositions Events’ earnings. The highest EPS estimate is $0.01 and the lowest is ($0.03). Emerald Expositions Events reported earnings of $0.01 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 200%. The firm is expected to issue its next earnings results on Thursday, February 28th.

According to Zacks, analysts expect that Emerald Expositions Events will report full-year earnings of $1.32 per share for the current financial year, with EPS estimates ranging from $1.30 to $1.33. For the next financial year, analysts forecast that the business will post earnings of $1.30 per share, with EPS estimates ranging from $1.21 to $1.36. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Emerald Expositions Events.

Emerald Expositions Events (NYSE:EEX) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Emerald Expositions Events had a net margin of 29.62% and a return on equity of 12.68%. The company had revenue of $103.10 million during the quarter, compared to the consensus estimate of $104.32 million. During the same period in the previous year, the firm earned $0.36 earnings per share. Emerald Expositions Events’s revenue for the quarter was up 2.7% on a year-over-year basis.

EEX has been the subject of several research reports. Goldman Sachs Group upgraded shares of Emerald Expositions Events from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $20.30 to $15.00 in a research note on Tuesday, November 6th. Deutsche Bank initiated coverage on shares of Emerald Expositions Events in a research note on Monday, October 1st. They set a “hold” rating and a $18.00 price objective for the company. Credit Suisse Group initiated coverage on shares of Emerald Expositions Events in a research note on Friday, August 10th. They set a “neutral” rating and a $17.00 price objective for the company. Citigroup downgraded shares of Emerald Expositions Events from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 7th. Finally, Robert W. Baird decreased their price objective on shares of Emerald Expositions Events from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, November 2nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $16.50.

EEX traded up $0.16 during trading on Friday, hitting $11.55. 410,428 shares of the company’s stock were exchanged, compared to its average volume of 336,939. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.64. Emerald Expositions Events has a 1 year low of $10.90 and a 1 year high of $24.45. The company has a market cap of $845.51 million, a P/E ratio of 10.41, a P/E/G ratio of 0.89 and a beta of 0.73.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 14th will be paid a $0.072 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $0.29 annualized dividend and a dividend yield of 2.49%. Emerald Expositions Events’s dividend payout ratio (DPR) is presently 26.13%.

Several hedge funds have recently made changes to their positions in EEX. SG Americas Securities LLC purchased a new position in shares of Emerald Expositions Events in the second quarter valued at $163,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Emerald Expositions Events in the third quarter valued at $210,000. Renaissance Technologies LLC purchased a new position in shares of Emerald Expositions Events in the third quarter valued at $255,000. Millennium Management LLC purchased a new position in shares of Emerald Expositions Events in the first quarter valued at $257,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Emerald Expositions Events in the second quarter valued at $262,000. Institutional investors and hedge funds own 36.74% 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 comprising photography, food, healthcare, industrials, and military.

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