Analysts Expect Express, Inc. (EXPR) to Announce $0.08 Earnings Per Share
Analysts expect Express, Inc. (NYSE:EXPR) to announce earnings per share of $0.08 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Express’ earnings. The highest EPS estimate is $0.08 and the lowest is $0.07. Express posted earnings per share of $0.11 in the same quarter last year, which would suggest a negative year-over-year growth rate of 27.3%. The business is expected to issue its next quarterly earnings report on Thursday, December 7th.
On average, analysts expect that Express will report full-year earnings of $0.45 per share for the current year, with EPS estimates ranging from $0.43 to $0.47. For the next year, analysts forecast that the business will post earnings of $0.55 per share, with EPS estimates ranging from $0.54 to $0.59. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Express.
Express (NYSE:EXPR) last issued its quarterly earnings data on Wednesday, August 23rd. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $478.50 million for the quarter, compared to analyst estimates of $474.11 million. Express had a return on equity of 4.25% and a net margin of 0.85%. Express’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
A number of research firms have weighed in on EXPR. Morgan Stanley raised their price target on Express from $7.50 to $10.50 and gave the company an “equal weight” rating in a research report on Wednesday, June 14th. BMO Capital Markets set a $7.00 price target on Express and gave the company a “hold” rating in a research report on Thursday, July 6th. BidaskClub downgraded Express from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. FBR & Co restated a “hold” rating and set a $7.00 price target on shares of Express in a research report on Friday, September 29th. Finally, Zacks Investment Research downgraded Express from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.25.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in EXPR. State of Alaska Department of Revenue increased its holdings in shares of Express by 77.6% in the second 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 during the period. Piedmont Investment Advisors LLC purchased a new position in shares of Express in the second quarter worth about $114,000. Fox Run Management L.L.C. purchased a new position in shares of Express in the second quarter worth about $119,000. Municipal Employees Retirement System of Michigan increased its holdings in shares of Express by 3.5% in the second 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 during the period. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Express in the first quarter worth about $131,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.
Shares of Express (NYSE:EXPR) traded down 2.612% during midday trading on Wednesday, reaching $6.525. The company had a trading volume of 293,959 shares. The company has a 50 day moving average of $6.57 and a 200 day moving average of $7.10. The company has a market capitalization of $514.08 million, a PE ratio of 28.370 and a beta of 1.47. Express has a one year low of $5.28 and a one year high of $14.39.
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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