Emerald Expositions Events (NYSE:EEX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “Emerald Expositions Events, Inc. organizes business to business trade shows. The Company operates live events as well as offers other marketing services, including digital media and print publications. It serves sports, technology, jewelry, construction and other sectors primarily in the United States. Emerald Expositions Events, Inc. is headquartered in San Juan Capistrano, California. “

Separately, Robert W. Baird lifted their price target on shares of Emerald Expositions Events from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $24.40.

Shares of Emerald Expositions Events (NYSE:EEX) traded down $0.47 on Wednesday, reaching $20.71. 97,083 shares of the company traded hands, compared to its average volume of 130,150. 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 has a 52-week low of $18.67 and a 52-week high of $24.56.

Emerald Expositions Events (NYSE:EEX) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.37 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.37. Emerald Expositions Events had a net margin of 5.19% and a return on equity of 7.09%. The company had revenue of $100.40 million for the quarter, compared to analyst estimates of $107.24 million. During the same quarter last year, the firm posted $0.43 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. analysts predict that Emerald Expositions Events will post 1.06 earnings per share for the current year.

In other Emerald Expositions Events news, CEO David Loechner sold 53,139 shares of Emerald Expositions Events 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Lori Jenks sold 6,666 shares of Emerald Expositions Events stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $22.23, for a total transaction of $148,185.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 235,883 shares of company stock worth $5,039,458.

Large investors have recently modified their holdings of the company. Nationwide Fund Advisors acquired a new stake in shares of Emerald Expositions Events in the 2nd quarter valued at $200,000. Stifel Financial Corp acquired a new stake in shares of Emerald Expositions Events in the 3rd quarter valued at $216,000. Atlantic Trust Group LLC acquired a new stake in shares of Emerald Expositions Events in the 2nd quarter valued at $274,000. Parametric Portfolio Associates LLC acquired a new stake in shares of Emerald Expositions Events in the 2nd quarter valued at $340,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Emerald Expositions Events in the 2nd quarter valued at $366,000. Institutional investors own 26.61% of the company’s stock.

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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.

Analyst Recommendations for Emerald Expositions Events (NYSE:EEX)

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