Analysts expect Express, Inc. (NYSE:EXPR) to post earnings of $0.08 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Express’ earnings. The lowest EPS estimate is $0.07 and the highest is $0.08. Express reported earnings of $0.11 per share during the same quarter last year, which indicates a negative year over year growth rate of 27.3%. The business is scheduled to announce its next quarterly earnings report on Thursday, December 7th.
According to Zacks, analysts expect that Express will report full year earnings of $0.45 per share for the current year, with EPS estimates ranging from $0.43 to $0.47. For the next financial year, analysts forecast that the firm will report earnings of $0.55 per share, with EPS estimates ranging from $0.54 to $0.59. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Express.
Express (NYSE:EXPR) last announced its quarterly earnings data on Wednesday, August 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $478.50 million for the quarter, compared to analysts’ expectations of $474.11 million. Express had a return on equity of 4.25% and a net margin of 0.85%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share.
Several equities analysts recently weighed in on EXPR shares. UBS AG restated a “sell” rating and set a $6.00 target price (down previously from $8.00) on shares of Express in a report on Friday, June 2nd. BMO Capital Markets set a $7.00 target price on shares of Express and gave the company a “hold” rating in a report on Tuesday, August 8th. Wolfe Research lifted their target price on shares of Express from $6.00 to $10.00 and gave the company a “peer perform” rating in a report on Friday, June 2nd. MKM Partners restated a “neutral” rating and set a $7.00 target price (down previously from $10.00) on shares of Express in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Express from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $9.25.
Shares of Express (NYSE EXPR) traded up 0.61% during mid-day trading on Friday, hitting $6.65. The stock had a trading volume of 2,732,105 shares. The company’s 50 day moving average price is $6.26 and its 200 day moving average price is $7.38. Express has a 12-month low of $5.28 and a 12-month high of $14.39. The stock has a market cap of $523.93 million, a P/E ratio of 28.91 and a beta of 1.44.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EXPR. State of Alaska Department of Revenue increased its position in shares of Express by 77.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock worth $103,000 after purchasing an additional 6,711 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Express in the 2nd quarter worth about $114,000. Fox Run Management L.L.C. bought a new stake in shares of Express in the 2nd quarter worth about $119,000. Municipal Employees Retirement System of Michigan increased its position in shares of Express by 3.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock worth $125,000 after purchasing an additional 620 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Express in the 1st quarter worth about $131,000. 99.23% of the stock is owned by institutional investors.
Express Company Profile
Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise. The Company targets women and men between 20 and 30 years old. It offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeanswear and going-out occasions.
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