Express, Inc. (EXPR) Updates FY15 Earnings Guidance
Express, Inc. (NASDAQ:EXPR) issued an update on its FY15 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.85-0.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.81, Analyst Ratings News reports. Express also updated its Q3 guidance to $0.13-0.18 EPS.
Express, Inc. (NASDAQ:EXPR) opened at 14.59 on Wednesday. Express, Inc. has a one year low of $11.80 and a one year high of $25.05. The stock has a 50-day moving average of $15.37 and a 200-day moving average of $15.67. The company has a market cap of $1.226 billion and a price-to-earnings ratio of 13.92.
Express (NASDAQ:EXPR) last announced its earnings results on Wednesday, August 27th. The company reported $0.08 EPS for the quarter. The company had revenue of $481.40 million for the quarter, compared to the consensus estimate of $457.10 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. Express’s revenue was down 1.8% compared to the same quarter last year. Analysts expect that Express, Inc. will post $0.81 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Express from an underperform rating to a neutral rating in a research note on Tuesday, August 12th. They now have a $14.60 price target on the stock. On a related note, analysts at Janney Montgomery Scott upgraded shares of Express from a neutral rating to a buy rating in a research note on Monday, June 23rd. They now have a $22.33 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Express from $16.00 to $20.00 in a research note on Tuesday, June 17th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $18.69.
Express, Inc (NASDAQ:EXPR) is a specialty apparel and accessory retailer offering both women’s and men’s merchandise.
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