Analysts predict that Express, Inc. (NYSE:EXPR) will report $691.56 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Express’ earnings, with the highest sales estimate coming in at $713.40 million and the lowest estimate coming in at $668.70 million. Express posted sales of $678.78 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.9%. 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 $691.56 million for the current year, with estimates ranging from $2.11 billion to $2.14 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.10 billion per share, with estimates ranging from $2.09 billion to $2.11 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Express.
Express (NYSE:EXPR) last released its earnings results on Thursday, November 30th. The company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. Express had a return on equity of 3.85% and a net margin of 0.60%. The company had revenue of $498.70 million for the quarter, compared to the consensus estimate of $487.38 million. During the same quarter last year, the business posted $0.15 EPS. Express’s quarterly revenue was down 1.5% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently bought and sold shares of EXPR. Piedmont Investment Advisors LLC acquired a new stake in Express in the 2nd quarter valued at approximately $114,000. Public Employees Retirement System of Ohio increased its position in shares of Express by 29.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock valued at $140,000 after purchasing an additional 4,722 shares during the period. Alambic Investment Management L.P. acquired a new position in shares of Express during the 4th quarter valued at $147,000. Gotham Asset Management LLC acquired a new position in shares of Express during the 2nd quarter valued at $148,000. Finally, Virtu KCG Holdings LLC acquired a new position in shares of Express during the 2nd quarter valued at $177,000. Hedge funds and other institutional investors own 99.05% of the company’s stock.
Shares of Express (EXPR) opened at $7.14 on Monday. The firm has a market capitalization of $562.69, a P/E ratio of 44.63 and a beta of 1.03. Express has a 1 year low of $5.28 and a 1 year high of $11.69.
Express announced that its board has approved a stock repurchase plan on Thursday, November 30th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
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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