Emerald (NYSE:EEX) Receives Buy Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Emerald (NYSE:EEX) in a research note issued to investors on Wednesday morning,Benzinga reports. Rosenblatt Securities currently has a $7.70 price objective on the stock.

A number of other equities research analysts have also recently issued reports on EEX. Weiss Ratings reissued a “sell (d)” rating on shares of Emerald in a report on Monday. Wall Street Zen lowered Emerald from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.70.

Emerald Trading Down 6.7%

Shares of EEX opened at $4.62 on Wednesday. Emerald has a fifty-two week low of $3.21 and a fifty-two week high of $5.45. The business has a 50-day moving average of $4.16 and a 200 day moving average of $4.69. The firm has a market cap of $913.29 million, a P/E ratio of 153.95 and a beta of 0.77. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.81 and a current ratio of 0.81.

Emerald (NYSE:EEX) last posted its earnings results on Friday, October 31st. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Emerald had a return on equity of 1.20% and a net margin of 1.05%.The business had revenue of $77.50 million during the quarter, compared to analysts’ expectations of $76.80 million.

Emerald Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Monday, November 10th were given a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, November 10th. Emerald’s dividend payout ratio is 200.00%.

Institutional Investors Weigh In On Emerald

Several hedge funds have recently bought and sold shares of the stock. Copeland Capital Management LLC increased its holdings in shares of Emerald by 16.4% in the 2nd quarter. Copeland Capital Management LLC now owns 19,328 shares of the company’s stock worth $94,000 after buying an additional 2,718 shares during the last quarter. Hsbc Holdings PLC grew its position in Emerald by 12.3% in the first quarter. Hsbc Holdings PLC now owns 39,818 shares of the company’s stock worth $153,000 after acquiring an additional 4,351 shares in the last quarter. Jane Street Group LLC grew its position in Emerald by 18.1% in the second quarter. Jane Street Group LLC now owns 33,350 shares of the company’s stock worth $162,000 after acquiring an additional 5,113 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Emerald in the third quarter valued at $31,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in Emerald during the second quarter valued at about $33,000. 14.90% of the stock is currently owned by institutional investors.

About Emerald

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.