Insider Selling: Emerald Expositions Events, Inc. (EEX) SVP Sells $148,185.18 in Stock
Emerald Expositions Events, Inc. (NYSE:EEX) SVP Lori Jenks sold 6,666 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $22.23, for a total value of $148,185.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Emerald Expositions Events, Inc. (NYSE:EEX) traded up $0.11 during trading on Thursday, hitting $21.25. The company had a trading volume of 110,200 shares, compared to its average volume of 174,037. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.63 and a quick ratio of 0.63. Emerald Expositions Events, Inc. has a 12-month low of $18.67 and a 12-month high of $24.56.
Emerald Expositions Events (NYSE:EEX) last released its earnings results on Thursday, November 2nd. The company reported $0.37 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.37. Emerald Expositions Events had a return on equity of 7.09% and a net margin of 5.19%. The firm had revenue of $100.40 million during the quarter, compared to the consensus estimate of $107.24 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. equities analysts anticipate that Emerald Expositions Events, Inc. will post 1.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Wednesday, November 15th.
EEX has been the subject of several recent analyst reports. Zacks Investment Research raised Emerald Expositions Events from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Robert W. Baird raised their price target on Emerald Expositions Events from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $24.40.
Several institutional investors have recently added to or reduced their stakes in EEX. Spark Investment Management LLC acquired a new stake in shares of Emerald Expositions Events during the second quarter worth about $2,525,000. State of New Jersey Common Pension Fund D purchased a new position in Emerald Expositions Events during the second quarter valued at approximately $2,190,000. Schwab Charles Investment Management Inc. purchased a new position in Emerald Expositions Events during the second quarter valued at approximately $1,150,000. Rhumbline Advisers purchased a new position in Emerald Expositions Events during the second quarter valued at approximately $376,000. Finally, Bank of New York Mellon Corp purchased a new position in Emerald Expositions Events during the second quarter valued at approximately $1,196,000. 26.61% of the stock is owned by hedge funds and other institutional investors.
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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