Zacks: Analysts Anticipate Emerald Expositions (EEX) Will Post Quarterly Sales of $142.72 Million

Equities analysts expect that Emerald Expositions (NYSE:EEX) will post $142.72 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Emerald Expositions’ earnings. The highest sales estimate is $145.70 million and the lowest is $139.74 million. Emerald Expositions reported sales of $135.65 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.2%. The firm is scheduled to issue its next earnings report on Thursday, May 24th.

On average, analysts expect that Emerald Expositions will report full-year sales of $370.88 million for the current financial year, with estimates ranging from $370.03 million to $371.73 million. For the next fiscal year, analysts expect that the firm will report sales of $389.86 million per share, with estimates ranging from $384.96 million to $394.75 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Emerald Expositions.

Emerald Expositions (NYSE:EEX) last released its earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.07. The company had revenue of $31.50 million during the quarter, compared to the consensus estimate 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 was up 3.6% compared to the same quarter last year.

A number of analysts recently weighed in on EEX shares. ValuEngine upgraded Emerald Expositions from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Goldman Sachs downgraded Emerald Expositions from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research downgraded Emerald Expositions from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Emerald Expositions has an average rating of “Buy” and an average price target of $24.36.

In other Emerald Expositions news, SVP David Gosling sold 5,761 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $21.49, for a total value of $123,803.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Corp Onex sold 750,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $17.76, for a total value of $13,320,000.00. The disclosure for this sale can be found here. Insiders sold a total of 6,890,020 shares of company stock valued at $122,855,363 in the last 90 days. 5.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC bought a new stake in Emerald Expositions in the fourth quarter valued at approximately $181,000. California State Teachers Retirement System lifted its position in Emerald Expositions by 13.0% in the fourth 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 during the last quarter. Deutsche Bank AG lifted its position in Emerald Expositions by 12.7% in the fourth quarter. Deutsche Bank AG now owns 40,674 shares of the company’s stock valued at $826,000 after purchasing an additional 4,575 shares during the last quarter. Thrivent Financial For Lutherans bought a new stake in Emerald Expositions in the fourth quarter valued at approximately $989,000. Finally, Geode Capital Management LLC lifted its position in Emerald Expositions by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 178,907 shares of the company’s stock valued at $3,638,000 after purchasing an additional 5,757 shares during the last quarter. Hedge funds and other institutional investors own 30.11% of the company’s stock.

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

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Emerald Expositions Company Profile

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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