Emerald (NYSE:EEX) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Emerald (NYSE:EEX) announced its quarterly earnings results on Monday. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07), Zacks reports. Emerald had a negative return on equity of 8.24% and a negative net margin of 6.62%.

Emerald Trading Up 9.4%

Shares of Emerald stock traded up $0.43 during trading on Monday, hitting $5.00. The company’s stock had a trading volume of 2,827,247 shares, compared to its average volume of 57,227. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.82 and a quick ratio of 0.82. Emerald has a 52 week low of $3.32 and a 52 week high of $5.45. The stock has a market cap of $989.74 million, a price-to-earnings ratio of -33.30 and a beta of 0.55. The stock has a 50-day moving average price of $4.55 and a two-hundred day moving average price of $4.45.

Emerald Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Monday, March 23rd were paid a $0.015 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.06 annualized dividend and a dividend yield of 1.2%. Emerald’s payout ratio is currently -40.00%.

Institutional Trading of Emerald

Several institutional investors have recently modified their holdings of EEX. MSD Partners L.P. grew its stake in shares of Emerald by 31.3% in the fourth quarter. MSD Partners L.P. now owns 1,400,339 shares of the company’s stock worth $6,260,000 after purchasing an additional 333,701 shares during the last quarter. Citadel Advisors LLC grew its stake in shares of Emerald by 197.6% in the third quarter. Citadel Advisors LLC now owns 92,276 shares of the company’s stock worth $470,000 after purchasing an additional 61,273 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Emerald by 239.7% in the fourth quarter. Jane Street Group LLC now owns 82,034 shares of the company’s stock worth $367,000 after purchasing an additional 57,886 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Emerald in the first quarter worth $116,000. Finally, Inspire Investing LLC boosted its position in Emerald by 18.7% during the fourth quarter. Inspire Investing LLC now owns 106,868 shares of the company’s stock valued at $478,000 after acquiring an additional 16,801 shares during the last quarter. Institutional investors own 14.90% of the company’s stock.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reiterated a “buy” rating and set a $7.70 price target on shares of Emerald in a report on Monday, March 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.70.

About Emerald

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.