$0.32 Earnings Per Share Expected for Express, Inc. (EXPR) This Quarter

Analysts expect that Express, Inc. (NYSE:EXPR) will announce earnings of $0.32 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Express’ earnings. The lowest EPS estimate is $0.31 and the highest is $0.33. Express reported earnings per share of $0.29 during the same quarter last year, which indicates a positive year over year growth rate of 10.3%. The company is expected to report its next quarterly earnings results on Wednesday, March 14th.

According to Zacks, analysts expect that Express will report full-year earnings of $0.35 per share for the current year, with EPS estimates ranging from $0.34 to $0.35. For the next fiscal year, analysts anticipate that the company will post earnings of $0.50 per share, with EPS estimates ranging from $0.43 to $0.54. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Express.

Express (NYSE:EXPR) last posted its quarterly earnings data on Thursday, November 30th. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The business had revenue of $498.70 million during the quarter, compared to analyst estimates of $487.38 million. Express had a net margin of 0.60% and a return on equity of 3.85%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share.

Several brokerages recently weighed in on EXPR. B. Riley reaffirmed a “neutral” rating on shares of Express in a report on Wednesday, November 1st. BMO Capital Markets set a $10.00 target price on shares of Express and gave the company a “hold” rating in a report on Friday, December 1st. SunTrust Banks set a $10.00 target price on shares of Express and gave the company a “hold” rating in a report on Friday, December 1st. Zacks Investment Research cut shares of Express from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Finally, TheStreet raised shares of Express from a “d+” rating to a “c-” rating in a report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $8.88.

Hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its holdings in Express by 4.5% during the second quarter. Ameriprise Financial Inc. now owns 591,208 shares of the company’s stock worth $3,992,000 after purchasing an additional 25,422 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in Express during the third quarter worth approximately $1,055,000. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Express by 32.9% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 445,663 shares of the company’s stock worth $3,012,000 after purchasing an additional 110,287 shares in the last quarter. California Public Employees Retirement System raised its holdings in Express by 13.9% during the second quarter. California Public Employees Retirement System now owns 396,300 shares of the company’s stock worth $2,675,000 after purchasing an additional 48,500 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Express by 2.4% during the second quarter. Northern Trust Corp now owns 967,894 shares of the company’s stock worth $6,533,000 after purchasing an additional 22,781 shares in the last quarter. 99.05% of the stock is currently owned by institutional investors.

Shares of Express (NYSE EXPR) traded up $0.29 during trading hours on Friday, reaching $7.14. 3,186,846 shares of the company traded hands, compared to its average volume of 2,032,629. The firm has a market capitalization of $539.84, a PE ratio of 44.63 and a beta of 1.03. Express has a 52-week low of $5.28 and a 52-week high of $11.69.

Express announced that its board has authorized a share repurchase program on Thursday, November 30th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management 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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Earnings History and Estimates for Express (NYSE:EXPR)

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