Express, Inc. (EXPR) Expected to Announce Quarterly Sales of $477.43 Million
Brokerages expect Express, Inc. (NYSE:EXPR) to post $477.43 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Express’ earnings, with estimates ranging from $474.49 million to $482.20 million. Express reported sales of $504.77 million in the same quarter last year, which indicates a negative year over year growth rate of 5.4%. The business is expected to announce its next quarterly earnings results before the market opens on Wednesday, August 23rd.
According to Zacks, analysts expect that Express will report full year sales of $477.43 million for the current financial year, with estimates ranging from $2.11 billion to $2.13 billion. For the next financial year, analysts anticipate that the business will report sales of $2.13 billion per share, with estimates ranging from $2.09 billion to $2.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Express.
Express (NYSE:EXPR) last announced its quarterly earnings results on Thursday, June 1st. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.05. The firm had revenue of $467.03 million during the quarter, compared to analyst estimates of $468 million. Express had a net margin of 1.85% and a return on equity of 5.83%. The business’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share.
Several analysts recently commented on EXPR shares. TheStreet cut Express from a “c” rating to a “d+” rating in a report on Thursday, June 1st. Zacks Investment Research cut Express from a “hold” rating to a “sell” rating in a report on Friday, June 16th. BidaskClub upgraded Express from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Deutsche Bank AG upped their target price on Express from $8.00 to $10.00 and gave the company a “hold” rating in a report on Wednesday, May 31st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $7.00 target price on shares of Express in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.77.
Several institutional investors have recently modified their holdings of EXPR. Karp Capital Management Corp purchased a new position in shares of Express during the first quarter worth $132,000. UBS Asset Management Americas Inc. raised its position in shares of Express by 121.3% in the first quarter. UBS Asset Management Americas Inc. now owns 48,670 shares of the company’s stock worth $443,000 after buying an additional 26,677 shares during the last quarter. Comerica Bank raised its position in shares of Express by 3.8% in the first quarter. Comerica Bank now owns 86,484 shares of the company’s stock worth $763,000 after buying an additional 3,157 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Express by 2.8% in the first quarter. BNP Paribas Arbitrage SA now owns 52,308 shares of the company’s stock worth $477,000 after buying an additional 1,433 shares during the last quarter. Finally, Princeton Alpha Management LP purchased a new position in shares of Express during the first quarter worth $231,000. 91.81% of the stock is currently owned by institutional investors.
Shares of Express (NYSE:EXPR) traded down 0.17% during mid-day trading on Friday, reaching $5.72. 539,301 shares of the company’s stock traded hands. Express has a 12 month low of $5.51 and a 12 month high of $16.38. The company has a 50 day moving average of $6.23 and a 200 day moving average of $8.16. The company has a market cap of $448.71 million, a price-to-earnings ratio of 11.22 and a beta of 1.44.
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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