Equities research analysts forecast that Express, Inc. (NYSE:EXPR) will post earnings per share (EPS) of $0.32 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Express’ earnings. The lowest EPS estimate is $0.31 and the highest is $0.33. Express posted earnings per share of $0.29 in the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, March 14th.
On average, analysts expect that Express will report full-year earnings of $0.35 per share for the current fiscal year, with EPS estimates ranging from $0.34 to $0.35. For the next financial year, analysts forecast that the business will post earnings of $0.50 per share, with EPS estimates ranging from $0.43 to $0.54. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Express.
Express (NYSE:EXPR) last announced its quarterly earnings results on Thursday, November 30th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.08. The company had revenue of $498.70 million during the quarter, compared to the consensus estimate of $487.38 million. Express had a return on equity of 3.85% and a net margin of 0.60%. Express’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS.
EXPR has been the subject of a number of recent analyst reports. BidaskClub raised Express from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 18th. Zacks Investment Research raised Express from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a report on Tuesday, October 24th. BMO Capital Markets reiterated a “hold” rating and set a $7.00 target price on shares of Express in a research report on Thursday, November 2nd. B. Riley reiterated a “neutral” rating on shares of Express in a research report on Wednesday, November 1st. Finally, TheStreet upgraded Express from a “d+” rating to a “c-” rating in a research report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. Express currently has an average rating of “Hold” and an average price target of $8.88.
Shares of Express (NYSE EXPR) opened at $6.89 on Friday. The stock has a market capitalization of $562.69, a PE ratio of 43.07 and a beta of 1.03. Express has a fifty-two week low of $5.28 and a fifty-two week high of $11.69.
Express announced that its board has approved a share buyback program on Thursday, November 30th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
Institutional investors and hedge funds have recently bought and sold shares of the company. Alambic Investment Management L.P. acquired a new stake in shares of Express during the fourth quarter worth about $147,000. Piedmont Investment Advisors LLC acquired a new position in Express in the 2nd quarter valued at about $114,000. Public Employees Retirement System of Ohio increased its position in Express by 29.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock valued at $140,000 after acquiring an additional 4,722 shares during the period. Gotham Asset Management LLC acquired a new position in Express in the 2nd quarter valued at about $148,000. Finally, Acadian Asset Management LLC acquired a new position in Express in the 4th quarter valued at about $228,000. Institutional investors and hedge funds own 98.40% of the company’s stock.
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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