Emerald Holding, Inc. (NYSE:EEX) Declares Quarterly Dividend of $0.02

Emerald Holding, Inc. (NYSE:EEX - Get Free Report) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Monday, November 11th will be given a dividend of 0.015 per share on Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Friday, November 8th.

Emerald has a payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings.

Emerald Stock Down 4.0 %

Shares of Emerald stock traded down $0.17 during trading hours on Thursday, hitting $3.95. The company had a trading volume of 169,327 shares, compared to its average volume of 155,548. The company's 50-day moving average is $4.88 and its two-hundred day moving average is $5.43. Emerald has a twelve month low of $3.92 and a twelve month high of $7.05. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $804.14 million, a P/E ratio of -5.37 and a beta of 1.36.

Emerald (NYSE:EEX - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.13. Emerald had a net margin of 0.25% and a return on equity of 3.53%. The business had revenue of $86.00 million during the quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EEX. Maxim Group lowered their target price on shares of Emerald from $11.00 to $8.00 and set a "buy" rating for the company in a report on Thursday. Rosenblatt Securities lowered their target price on shares of Emerald from $8.40 to $7.80 and set a "buy" rating for the company in a report on Thursday.

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.