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.
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.
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.
COPYRIGHT VIOLATION WARNING: This article was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://stocknewstimes.com/2018/04/23/0-62-earnings-per-share-expected-for-emerald-expositions-eex-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Emerald Expositions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerald Expositions and related companies with MarketBeat.com's FREE daily email newsletter.