Emerald (NYSE:EEX) Shares Up 5.8% - Here's Why

Key Points

• Emerald Holding, Inc. shares increased by 5.8%, reaching as high as $5.29 during trading, with a notable trading volume decline of 73% from the average.
• Analysts have upgraded Emerald's rating to "buy" and set an average price target of $7.95, indicating positive sentiment toward the company's performance.
• Emerald recently declared a quarterly dividend of $0.015 per share, leading to a 1.1% dividend yield, despite a high dividend payout ratio of 120%.

Emerald Holding, Inc. (NYSE:EEX - Get Free Report) was up 5.8% during trading on Wednesday . The company traded as high as $5.29 and last traded at $5.27. Approximately 29,921 shares changed hands during trading, a decline of 73% from the average daily volume of 108,903 shares. The stock had previously closed at $4.98.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EEX shares. Rosenblatt Securities raised their price target on Emerald from $7.80 to $7.90 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Wall Street Zen upgraded Emerald from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $7.95.

Emerald Stock Performance

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 stock has a 50 day simple moving average of $5.05 and a two-hundred day simple moving average of $4.52. The stock has a market capitalization of $1.00 billion, a P/E ratio of 101.10 and a beta of 1.19.

Emerald (NYSE:EEX - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $105.50 million during the quarter, compared to the consensus estimate of $100.40 million. Emerald had a net margin of 1.83% and a return on equity of 2.03%. During the same quarter in the prior year, the business earned ($0.02) earnings per share. Emerald has set its FY 2025 guidance at EPS.

Emerald Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 14th. Emerald's payout ratio is currently 120.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EEX. MSD Partners L.P. boosted its stake in shares of Emerald by 110.0% during the 1st quarter. MSD Partners L.P. now owns 1,050,000 shares of the company's stock worth $4,126,000 after acquiring an additional 550,000 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Emerald by 24.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 675,356 shares of the company's stock worth $2,654,000 after acquiring an additional 131,200 shares during the period. Inspire Investing LLC bought a new position in shares of Emerald during the 1st quarter worth approximately $352,000. Los Angeles Capital Management LLC acquired a new stake in Emerald during the 2nd quarter worth approximately $214,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Emerald during the 1st quarter worth approximately $116,000. 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.