Wall Street brokerages expect that Express, Inc. (NYSE:EXPR) will post sales of $726.75 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Express’ earnings, with the highest sales estimate coming in at $753.50 million and the lowest estimate coming in at $713.35 million. Express reported sales of $678.78 million during the same quarter last year, which indicates a positive year over year growth rate of 7.1%. The business is expected to issue its next quarterly earnings results on Wednesday, March 14th.

According to Zacks, analysts expect that Express will report full year sales of $726.75 million for the current year, with estimates ranging from $2.11 billion to $2.16 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.12 billion per share, with estimates ranging from $2.09 billion to $2.16 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Express.

Express (NYSE:EXPR) last released its quarterly earnings data on Thursday, November 30th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $498.70 million during the quarter, compared to the consensus estimate of $487.38 million. Express had a return on equity of 3.97% and a net margin of 1.26%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 earnings per share.

A number of research firms recently commented on EXPR. B. Riley reiterated a “neutral” rating on shares of Express in a report on Wednesday, November 1st. Zacks Investment Research downgraded Express from a “buy” rating to a “hold” rating and set a $11.00 price objective for the company. in a report on Wednesday, January 3rd. FBR & Co reiterated a “hold” rating and issued a $7.00 price objective on shares of Express in a report on Friday, September 29th. BMO Capital Markets set a $10.00 price objective on Express and gave the company a “hold” rating in a report on Friday, December 1st. Finally, SunTrust Banks set a $10.00 price objective on Express and gave the company a “hold” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $8.88.

Shares of Express (NYSE:EXPR) opened at $7.49 on Friday. The company has a market capitalization of $590.23, a PE ratio of 46.81 and a beta of 1.55. Express has a fifty-two week low of $5.28 and a fifty-two week high of $11.69.

Express declared that its board has initiated a share repurchase plan on Thursday, November 30th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

A number of large investors have recently bought and sold shares of the business. Nomura Holdings Inc. acquired a new position in Express in the second quarter valued at about $33,597,000. State Street Corp boosted its position in shares of Express by 9.8% during the second quarter. State Street Corp now owns 2,612,290 shares of the company’s stock worth $17,633,000 after buying an additional 233,124 shares during the period. Renaissance Technologies LLC boosted its position in shares of Express by 478.1% during the second quarter. Renaissance Technologies LLC now owns 1,879,300 shares of the company’s stock worth $12,685,000 after buying an additional 1,554,200 shares during the period. Majedie Asset Management Ltd acquired a new position in shares of Express during the third quarter worth about $11,427,000. Finally, Contrarius Investment Management Ltd acquired a new position in shares of Express during the third quarter worth about $10,191,000. 99.08% of the stock is owned by hedge funds and other institutional investors.

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About Express

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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Earnings History and Estimates for Express (NYSE:EXPR)

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