$79.39 Million in Sales Expected for Emerald Expositions Events Inc (NYSE:EEX) This Quarter

Wall Street brokerages expect Emerald Expositions Events Inc (NYSE:EEX) to post sales of $79.39 million for the current fiscal quarter, Zacks reports. Two analysts have provided 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 firm is expected to announce its next quarterly earnings results on Thursday, November 7th.

On average, 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 forecast that the company will post sales of $365.84 million, with estimates ranging from $363.99 million to $367.69 million. Zacks’ sales averages are an average based on a survey of analysts that follow Emerald Expositions Events.

Emerald Expositions Events (NYSE:EEX) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The company had revenue of $103.00 million during the quarter, compared to analyst estimates of $95.70 million. Emerald Expositions Events had a positive return on equity of 12.44% and a negative net margin of 7.79%. Emerald Expositions Events’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share.

EEX has been the subject of a number of research reports. Zacks Investment Research cut shares of Emerald Expositions Events from a “hold” rating to a “strong sell” rating in a research note on Monday, August 5th. Goldman Sachs Group cut shares of Emerald Expositions Events from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 21st. Citigroup raised shares of Emerald Expositions Events from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $11.00 to $11.50 in a report on Wednesday, July 24th. Finally, TheStreet downgraded shares of Emerald Expositions Events from a “c-” rating to a “d+” rating in a report on Friday, August 9th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Emerald Expositions Events currently has a consensus rating of “Hold” and an average target price of $13.69.

EEX traded up $0.10 on Friday, reaching $10.22. The company had a trading volume of 224,101 shares, compared to its average volume of 143,387. Emerald Expositions Events has a 52-week low of $9.12 and a 52-week high of $16.99. The company has a market cap of $717.66 million, a price-to-earnings ratio of 7.68, a P/E/G ratio of 1.40 and a beta of 0.64. 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 business has a 50 day simple moving average of $9.88 and a 200 day simple moving average of $11.69.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were given a $0.075 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.30 dividend on an annualized basis and a yield of 2.94%. Emerald Expositions Events’s payout ratio is 22.56%.

Institutional investors and hedge funds have recently modified their holdings of the business. Gamco Investors INC. ET AL raised its stake in shares of Emerald Expositions Events by 5.5% during the first quarter. Gamco Investors INC. ET AL now owns 19,024 shares of the company’s stock worth $242,000 after acquiring an additional 1,000 shares in the last quarter. Gabelli Funds LLC boosted its stake in shares of Emerald Expositions Events by 2.9% in the 2nd quarter. Gabelli Funds LLC now owns 71,000 shares of the company’s stock valued at $792,000 after purchasing an additional 2,000 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Emerald Expositions Events by 446.3% in the 2nd quarter. Bank of Montreal Can now owns 2,562 shares of the company’s stock valued at $28,000 after purchasing an additional 2,093 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Emerald Expositions Events during the 2nd quarter valued at $40,000. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Emerald Expositions Events by 269.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,757 shares of the company’s stock valued at $73,000 after purchasing an additional 4,197 shares during the last quarter. 34.45% of the stock is owned by institutional investors and hedge funds.

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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