Analysts expect Express, Inc. (NYSE:EXPR) to report earnings per share of $0.42 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Express’ earnings. The highest EPS estimate is $0.44 and the lowest is $0.41. Express reported earnings of $0.29 per share in the same quarter last year, which would indicate a positive year over year growth rate of 44.8%. The business is expected to announce its next earnings results on Wednesday, March 14th.
According to Zacks, analysts expect that Express will report full year earnings of $0.47 per share for the current financial year, with EPS estimates ranging from $0.44 to $0.49. For the next financial year, analysts forecast that the firm will report earnings of $0.59 per share, with EPS estimates ranging from $0.56 to $0.63. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Express.
Express (NYSE:EXPR) last released its quarterly earnings data on Thursday, November 30th. The company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $498.70 million for 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%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 earnings per share.
Several research analysts have recently commented on the company. BidaskClub raised Express from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. B. Riley boosted their target price on Express from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, November 30th. Zacks Investment Research raised Express from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a report on Tuesday, October 24th. BMO Capital Markets reissued a “hold” rating and issued a $7.00 target price on shares of Express in a report on Thursday, November 2nd. Finally, FBR & Co reissued a “hold” rating and issued a $7.00 target price on shares of Express in a report on Friday, September 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $9.13.
Large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue lifted its holdings in Express by 77.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock worth $103,000 after buying an additional 6,711 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Express by 21.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 16,017 shares of the company’s stock worth $146,000 after buying an additional 2,795 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Express during the 2nd quarter worth $114,000. Municipal Employees Retirement System of Michigan lifted its holdings in Express by 3.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock worth $125,000 after buying an additional 620 shares in the last quarter. Finally, Gotham Asset Management LLC acquired a new position in Express during the 2nd quarter worth $148,000. 98.61% of the stock is currently owned by hedge funds and other institutional investors.
Express (NYSE EXPR) traded up $0.09 during midday trading on Thursday, reaching $11.14. The company’s stock had a trading volume of 3,462,957 shares, compared to its average volume of 2,375,660. The firm has a market capitalization of $869.98, a P/E ratio of 34.35 and a beta of 1.55. Express has a 12 month low of $5.28 and a 12 month high of $12.40.
Express declared that its board has initiated a stock repurchase program on Thursday, November 30th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
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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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