Rosenblatt Securities Issues Positive Forecast for Emerald (NYSE:EEX) Stock Price

Emerald (NYSE:EEX) had its price objective lifted by Rosenblatt Securities from $7.80 to $7.90 in a report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Separately, Wall Street Zen downgraded Emerald from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th.

Emerald Stock Performance

Shares of EEX stock opened at $4.89 on Thursday. The company’s fifty day simple moving average is $4.96 and its 200-day simple moving average is $4.44. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29. The firm has a market cap of $967.08 million, a PE ratio of 97.70 and a beta of 1.16. Emerald has a 12 month low of $3.21 and a 12 month high of $6.65.

Emerald (NYSE:EEX) last announced its quarterly earnings data on Monday, August 4th. The company reported ($0.01) EPS for the quarter. The business had revenue of $105.50 million during the quarter, compared to the consensus estimate of $100.40 million. Emerald had a return on equity of 2.03% and a net margin of 1.83%. During the same period in the prior year, the firm earned ($0.02) EPS.

Emerald Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, August 14th. Emerald’s dividend payout ratio (DPR) is currently 120.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EEX. Copeland Capital Management LLC raised its stake in Emerald by 16.4% in the second quarter. Copeland Capital Management LLC now owns 19,328 shares of the company’s stock valued at $94,000 after buying an additional 2,718 shares during the period. Geode Capital Management LLC raised its stake in Emerald by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 394,834 shares of the company’s stock valued at $1,903,000 after buying an additional 3,430 shares during the period. First Manhattan CO. LLC. raised its stake in Emerald by 16.4% in the fourth quarter. First Manhattan CO. LLC. now owns 25,338 shares of the company’s stock valued at $122,000 after buying an additional 3,575 shares during the period. Hsbc Holdings PLC raised its stake in Emerald by 12.3% in the first quarter. Hsbc Holdings PLC now owns 39,818 shares of the company’s stock valued at $153,000 after buying an additional 4,351 shares during the period. Finally, Jane Street Group LLC raised its stake in Emerald by 18.1% in the second quarter. Jane Street Group LLC now owns 33,350 shares of the company’s stock valued at $162,000 after buying an additional 5,113 shares during the period. 14.90% of the stock is currently owned by institutional investors.

Emerald Company Profile

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.