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Emerald Expositions Events Inc (NYSE:EEX) stock has hit a 52-week low, trading at $3.55, as the company faces ongoing market headwinds. According to InvestingPro analysis, the stock’s RSI indicates oversold territory, while the company maintains a healthy current ratio of 1.27, suggesting strong short-term liquidity. This latest price level reflects a significant downturn from the previous year, with EEX experiencing a 1-year change of -38.24%. The decline highlights the challenges the events industry is facing, as companies like EEX navigate through a landscape reshaped by shifting consumer preferences and the long-term impact of global events. Despite current challenges, analysts project profitability for the company this year, with an EPS forecast of $0.06. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with additional insights available in the comprehensive Pro Research Report, which offers deep-dive analysis of 1,400+ US stocks.
In other recent news, Emerald Holding reported fourth-quarter revenue of $106.8 million, which fell short of the consensus estimate of $114.75 million. The company’s adjusted earnings per share also missed expectations, coming in at $0.03 compared to the anticipated $0.09. Despite these results, Emerald’s fourth-quarter revenue showed a year-over-year increase of 5.2%, driven by organic growth of 6.5%. For the full year 2024, revenue rose by 4.2% to $398.8 million. In a move to strengthen its event portfolio, Emerald announced the acquisition of This is Beyond, a luxury travel event business, and completed the purchase of Insurtech Insights, an insurance technology conference operator, for a combined $160 million. These acquisitions are expected to contribute to Emerald’s projected 2025 revenue of $450-460 million and adjusted EBITDA of $120-125 million. The company also repurchased $8.4 million of its common stock in the fourth quarter.
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