First Manhattan Co. bought a new stake in Emerald Expositions Events, Inc. (NYSE:EEX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 115,900 shares of the company’s stock, valued at approximately $2,538,000.
Separately, State of New Jersey Common Pension Fund D bought a new stake in Emerald Expositions Events during the second quarter valued at $2,190,000.
Shares of Emerald Expositions Events, Inc. (NYSE EEX) opened at 21.70 on Friday. The company’s 50-day moving average is $22.18 and its 200-day moving average is $21.64. The stock has a market capitalization of $1.57 billion and a P/E ratio of 62.90. Emerald Expositions Events, Inc. has a one year low of $18.67 and a one year high of $23.37.
Emerald Expositions Events (NYSE:EEX) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $74.14 million during the quarter, compared to analysts’ expectations of $74.81 million. On average, equities research analysts anticipate that Emerald Expositions Events, Inc. will post $1.06 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.28 dividend on an annualized basis and a yield of 1.29%.
Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Emerald Expositions Events from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Bank of America Corporation began coverage on shares of Emerald Expositions Events in a report on Tuesday, May 23rd. They issued a “buy” rating and a $25.00 price objective on the stock. Credit Suisse Group began coverage on shares of Emerald Expositions Events in a report on Tuesday, May 23rd. They issued a “neutral” rating and a $24.00 price objective on the stock. Deutsche Bank AG began coverage on shares of Emerald Expositions Events in a report on Tuesday, May 23rd. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Robert W. Baird began coverage on shares of Emerald Expositions Events in a report on Tuesday, May 23rd. They issued a “neutral” rating and a $23.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.28.
About Emerald Expositions Events
Emerald Expositions Events, Inc (Emerald), formerly Expo Event Holdco, Inc, is an operator of business-to-business (B2B) trade shows. The Company operates across multiple sectors, which includes: Gift, Home and General Merchandise; Sports; Design and Construction; Technology; Jewelry; Other Trade Shows; and Other Events.
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