Emerald (NYSE:EEX - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.01, Zacks reports. Emerald had a negative net margin of 5.29% and a negative return on equity of 13.26%. The business had revenue of $147.70 million for the quarter, compared to analysts' expectations of $134.30 million.
Emerald Stock Up 1.0 %
EEX traded up $0.05 during trading on Friday, hitting $4.57. 132,550 shares of the company's stock traded hands, compared to its average volume of 191,973. Emerald has a 12-month low of $3.22 and a 12-month high of $6.74. The company's 50 day simple moving average is $3.85 and its two-hundred day simple moving average is $4.35. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $911.16 million, a price-to-earnings ratio of -8.45 and a beta of 0.84.
Emerald Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Monday, May 12th will be given a $0.015 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.06 annualized dividend and a yield of 1.31%. Emerald's dividend payout ratio (DPR) is presently -120.00%.
Analyst Ratings Changes
Separately, Rosenblatt Securities reiterated a "buy" rating and set a $7.80 price objective on shares of Emerald in a research note on Friday.
View Our Latest Report on EEX
About Emerald
(
Get Free Report)
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.
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