David Loechner Sells 53,139 Shares of Emerald Expositions Events, Inc. (EEX) Stock
Emerald Expositions Events, Inc. (NYSE:EEX) CEO David Loechner sold 53,139 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $22.34, for a total transaction of $1,187,125.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Emerald Expositions Events, Inc. (NYSE EEX) opened at $21.25 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.63 and a current ratio of 0.63. Emerald Expositions Events, Inc. has a fifty-two week low of $18.67 and a fifty-two week high of $24.56.
Emerald Expositions Events (NYSE:EEX) last issued its earnings results on Thursday, November 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.37. The company had revenue of $100.40 million for the quarter, compared to analysts’ expectations of $107.24 million. Emerald Expositions Events had a net margin of 5.19% and a return on equity of 7.09%. Emerald Expositions Events’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. equities research analysts forecast that Emerald Expositions Events, Inc. will post 1.06 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.32%.
Several equities research analysts have commented on EEX shares. Zacks Investment Research raised shares of Emerald Expositions Events from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Robert W. Baird boosted their price target on shares of Emerald Expositions Events from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. One investment 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. Emerald Expositions Events has a consensus rating of “Hold” and an average price target of $24.40.
Several hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its holdings in shares of Emerald Expositions Events by 5.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 55,295 shares of the company’s stock valued at $1,286,000 after purchasing an additional 2,803 shares during the period. Nationwide Fund Advisors bought a new stake in shares of Emerald Expositions Events in the 2nd quarter valued at about $200,000. Stifel Financial Corp bought a new stake in shares of Emerald Expositions Events in the 3rd quarter valued at about $216,000. Atlantic Trust Group LLC bought a new position in Emerald Expositions Events in the 2nd quarter valued at about $274,000. Finally, Parametric Portfolio Associates LLC bought a new position in Emerald Expositions Events in the 2nd quarter valued at about $340,000. 26.61% of the stock is currently owned by institutional investors.
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Emerald Expositions Events Company Profile
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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