Wall Street brokerages predict that Express, Inc. (NYSE:EXPR) will report $691.56 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Express’ earnings, with estimates ranging from $668.70 million to $713.40 million. Express reported sales of $678.78 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.9%. The firm is expected to report its next quarterly earnings results on Wednesday, March 14th.
According to Zacks, analysts expect that Express will report full year sales of $691.56 million for the current fiscal year, with estimates ranging from $2.11 billion to $2.14 billion. For the next year, analysts expect that the company will post sales of $2.10 billion per share, with estimates ranging from $2.09 billion to $2.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Express.
Express (NYSE:EXPR) last announced its quarterly earnings data on Thursday, November 30th. The company reported $0.08 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.08. The firm had revenue of $498.70 million for the quarter, compared to analyst estimates of $487.38 million. Express had a return on equity of 3.85% and a net margin of 0.60%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS.
EXPR has been the topic of several recent research reports. Zacks Investment Research upgraded Express from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Tuesday, January 9th. TheStreet upgraded Express from a “d+” rating to a “c-” rating in a research report on Thursday, November 16th. SunTrust Banks reduced their price target on Express to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, January 10th. BidaskClub upgraded Express from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, BMO Capital Markets restated a “hold” rating and issued a $7.00 price target on shares of Express in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $8.88.
Hedge funds have recently bought and sold shares of the business. Zeke Capital Advisors LLC bought a new position in Express during the fourth quarter worth about $108,000. Piedmont Investment Advisors LLC bought a new position in Express during the second quarter worth about $114,000. Public Employees Retirement System of Ohio lifted its holdings in Express by 29.5% during the second quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock worth $140,000 after acquiring an additional 4,722 shares in the last quarter. Alambic Investment Management L.P. bought a new position in Express during the fourth quarter worth about $147,000. Finally, Gotham Asset Management LLC bought a new position in Express during the second quarter worth about $148,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.
Express (NYSE EXPR) remained flat at $$7.11 during trading hours on Monday. The company’s stock had a trading volume of 1,260,000 shares, compared to its average volume of 2,770,000. Express has a one year low of $5.28 and a one year high of $11.68. The firm has a market capitalization of $560.33, a P/E ratio of 44.44 and a beta of 1.03.
Express declared that its board has authorized a stock buyback program on Thursday, November 30th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
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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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