Emerald (NYSE:EEX) Given “Buy” Rating at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Emerald (NYSE:EEX) in a report published on Monday,Benzinga reports. Rosenblatt Securities currently has a $7.70 target price on the stock.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Emerald in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7.70.

Emerald Stock Performance

NYSE EEX opened at $4.49 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.81 and a quick ratio of 0.81. Emerald has a 1 year low of $3.21 and a 1 year high of $5.45. The company has a market capitalization of $888.76 million, a PE ratio of -29.95 and a beta of 0.63. The company has a fifty day moving average of $4.63 and a two-hundred day moving average of $4.54.

Emerald (NYSE:EEX) last issued its quarterly earnings data on Friday, March 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.19). Emerald had a negative return on equity of 8.00% and a negative net margin of 6.62%.The firm had revenue of $132.70 million for the quarter, compared to analysts’ expectations of $131.00 million.

Emerald Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Monday, March 23rd will be paid a $0.015 dividend. The ex-dividend date is Monday, March 23rd. This represents a $0.06 dividend on an annualized basis and a yield of 1.3%. Emerald’s payout ratio is currently -40.00%.

Institutional Investors Weigh In On Emerald

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Research Inc. grew its holdings in shares of Emerald by 0.7% during the fourth quarter. Advisory Research Inc. now owns 1,789,157 shares of the company’s stock worth $7,998,000 after buying an additional 13,015 shares during the last quarter. MSD Partners L.P. increased its position in Emerald by 31.3% in the 4th quarter. MSD Partners L.P. now owns 1,400,339 shares of the company’s stock valued at $6,260,000 after acquiring an additional 333,701 shares during the period. Contrarian Capital Management L.L.C. raised its stake in Emerald by 12.1% during the 3rd quarter. Contrarian Capital Management L.L.C. now owns 879,000 shares of the company’s stock valued at $4,474,000 after acquiring an additional 95,138 shares during the last quarter. State Street Corp grew its stake in shares of Emerald by 1.0% in the 4th quarter. State Street Corp now owns 241,698 shares of the company’s stock valued at $1,080,000 after purchasing an additional 2,394 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in shares of Emerald by 18.7% in the fourth quarter. Inspire Investing LLC now owns 106,868 shares of the company’s stock valued at $478,000 after purchasing an additional 16,801 shares during the period. 14.90% of the stock is owned by hedge funds and other institutional investors.

Emerald Company Profile

Emerald (NYSE: EEX) is a global provider of independent data, news and analytics for commodity, financial and energy markets. The company operates digital platforms that deliver real-time and historical price assessments, market commentary, research reports and risk-management tools. Its subscriber base spans traders, asset managers, corporate hedgers and financial institutions seeking timely intelligence to support trading, risk management and investment decisions.

Serving clients across North America, Europe and Asia-Pacific, Emerald covers a broad range of markets including metals, energy products, agriculture, freight, environmental emissions and treasury benchmarks.