$0.62 Earnings Per Share Expected for Emerald Expositions (EEX) This Quarter

Analysts expect that Emerald Expositions (NYSE:EEX) will announce earnings per share of $0.62 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Emerald Expositions’ earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.60. Emerald Expositions posted earnings per share of $0.44 during the same quarter last year, which would suggest a positive year over year growth rate of 40.9%. The firm is scheduled to report its next quarterly earnings report on Thursday, May 24th.

On average, analysts expect that Emerald Expositions will report full year earnings of $1.25 per share for the current financial year. For the next fiscal year, analysts expect that the company will report earnings of $1.33 per share, with EPS estimates ranging from $1.30 to $1.35. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Emerald Expositions.

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Emerald Expositions (NYSE:EEX) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.07. The firm had revenue of $31.50 million for the quarter, compared to analysts’ expectations of $31.57 million. Emerald Expositions had a return on equity of 10.10% and a net margin of 24.01%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year.



Several equities analysts recently issued reports on the company. ValuEngine upgraded Emerald Expositions from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Goldman Sachs upgraded Emerald Expositions from a “sell” rating to a “neutral” rating in a research report on Wednesday, March 14th. Finally, Zacks Investment Research cut Emerald Expositions from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Emerald Expositions presently has a consensus rating of “Buy” and a consensus target price of $24.36.

EEX stock traded up $0.04 during trading on Wednesday, hitting $19.60. The company had a trading volume of 81,422 shares, compared to its average volume of 175,775. The stock has a market capitalization of $1,423.56 and a PE ratio of 17.50. Emerald Expositions has a 1-year low of $18.19 and a 1-year high of $24.56. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.72.

In other Emerald Expositions news, major shareholder Corp Onex sold 6,000,000 shares of Emerald Expositions stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $17.76, for a total value of $106,560,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP David Gosling sold 5,761 shares of Emerald Expositions stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $21.49, for a total value of $123,803.89. The disclosure for this sale can be found here. Insiders sold a total of 6,890,020 shares of company stock worth $122,855,363 in the last ninety days. 5.30% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC purchased a new stake in Emerald Expositions in the 4th quarter valued at approximately $181,000. Stifel Financial Corp purchased a new stake in Emerald Expositions in the 3rd quarter valued at approximately $216,000. California State Teachers Retirement System boosted its holdings in Emerald Expositions by 13.0% in the 4th quarter. California State Teachers Retirement System now owns 28,583 shares of the company’s stock valued at $581,000 after purchasing an additional 3,288 shares in the last quarter. Swiss National Bank purchased a new stake in Emerald Expositions in the 4th quarter valued at approximately $626,000. Finally, Deutsche Bank AG boosted its stake in shares of Emerald Expositions by 12.7% during the 4th quarter. Deutsche Bank AG now owns 40,674 shares of the company’s stock worth $826,000 after acquiring an additional 4,575 shares in the last quarter. 30.11% of the stock is currently owned by institutional investors.

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About Emerald Expositions

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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