Emerald Holding, Inc. (NYSE:EEX) Announces Quarterly Dividend of $0.02

Emerald Holding, Inc. (NYSE:EEX) announced a quarterly dividend on Friday, May 8th. Investors of record on Thursday, May 21st will be given a dividend of 0.015 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 21st.

Emerald has decreased its dividend by an average of 0.1%per year over the last three years. Emerald has a dividend payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings.

Emerald Price Performance

NYSE:EEX opened at $5.00 on Tuesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s 50-day simple moving average is $4.64 and its 200 day simple moving average is $4.47. The company has a market cap of $988.56 million, a P/E ratio of -26.29 and a beta of 0.55. Emerald has a 52-week low of $3.32 and a 52-week high of $5.45.

Emerald (NYSE:EEX) last released its earnings results on Monday, May 11th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The company had revenue of $155.40 million during the quarter, compared to analyst estimates of $155.40 million. Emerald had a negative net margin of 8.24% and a negative return on equity of 10.81%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EEX. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Emerald in a research report on Friday, May 8th. Rosenblatt Securities restated a “neutral” rating and issued a $5.03 price objective (down from $7.70) on shares of Emerald in a research note on Tuesday, May 12th. Finally, Maxim Group lowered Emerald from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $5.03.

Emerald Company Profile

Emerald (NYSE: EEX) is a global provider of independent data, news and analytics for commodity, financial and energy markets. The company operates digital platforms that deliver real-time and historical price assessments, market commentary, research reports and risk-management tools. Its subscriber base spans traders, asset managers, corporate hedgers and financial institutions seeking timely intelligence to support trading, risk management and investment decisions.

Serving clients across North America, Europe and Asia-Pacific, Emerald covers a broad range of markets including metals, energy products, agriculture, freight, environmental emissions and treasury benchmarks.