Emerald (NYSE:EEX) Posts Quarterly Earnings Results

Key Points

• Emerald Holdings reported a quarterly EPS of ($0.01), showing an improvement from ($0.02) in the same period last year, alongside a return on equity of 1.75% and a net margin of 1.57%.
• Analysts have set a new price target for Emerald, with Rosenblatt Securities maintaining a "buy" rating and a price objective of $7.80, while Wall Street Zen upgraded its rating from "hold" to "buy."
• A hedge fund, Cubist Systematic Strategies LLC, recently purchased a new stake in Emerald worth approximately $116,000, increasing institutional investor ownership to 14.90% of the company.

Emerald (NYSE:EEX - Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.01) earnings per share for the quarter, RTT News reports. Emerald had a return on equity of 1.75% and a net margin of 1.57%. During the same period in the prior year, the company posted ($0.02) EPS.

Emerald Stock Performance

Shares of EEX opened at $4.85 on Monday. The stock's 50-day simple moving average is $4.92 and its 200 day simple moving average is $4.42. The stock has a market capitalization of $964.86 million, a price-to-earnings ratio of 161.79 and a beta of 1.16. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.59 and a current ratio of 1.59. Emerald has a 52-week low of $3.21 and a 52-week high of $6.65.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Rosenblatt Securities reissued a "buy" rating and set a $7.80 price objective on shares of Emerald in a report on Friday, May 2nd. Wall Street Zen raised Emerald from a "hold" rating to a "buy" rating in a report on Friday, May 30th.

Institutional Trading of Emerald

A hedge fund recently bought a new stake in Emerald stock. Cubist Systematic Strategies LLC purchased a new stake in Emerald Holding, Inc. (NYSE:EEX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 29,588 shares of the company's stock, valued at approximately $116,000. Institutional investors and hedge funds own 14.90% of the company's stock.

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.

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