Zacks: Analysts Expect Express, Inc. (EXPR) to Announce $0.32 EPS

Analysts forecast that Express, Inc. (NYSE:EXPR) will report earnings of $0.32 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Express’ earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.31. Express reported earnings of $0.29 per share in the same quarter last year, which would indicate a positive year over year growth rate of 10.3%. The firm is expected to issue its next 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 fiscal year, with EPS estimates ranging from $0.34 to $0.35. For the next fiscal year, analysts anticipate that the company will report earnings of $0.50 per share, with EPS estimates ranging from $0.43 to $0.54. Zacks’ EPS averages are an average based on a survey of analysts that follow Express.

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

EXPR has been the subject of several recent research reports. Zacks Investment Research raised Express from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a research report on Tuesday, October 24th. BidaskClub raised Express from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 18th. SunTrust Banks set a $10.00 price target on Express and gave the stock a “hold” rating in a research report on Friday, December 1st. B. Riley boosted their price target on Express from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, November 30th. Finally, TheStreet raised Express from a “d+” rating to a “c-” rating in a research 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 stock. Express presently has an average rating of “Hold” and an average target price of $8.88.

A number of large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its position in Express by 6.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 61,848 shares of the company’s stock valued at $418,000 after buying an additional 3,663 shares in the last quarter. Voya Investment Management LLC increased its position in Express by 15.6% during the 2nd quarter. Voya Investment Management LLC now owns 33,207 shares of the company’s stock valued at $224,000 after buying an additional 4,480 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Express by 9.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 53,339 shares of the company’s stock valued at $360,000 after buying an additional 4,669 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in 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 buying an additional 4,722 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in Express by 4.3% during the 2nd quarter. Teachers Advisors LLC now owns 137,208 shares of the company’s stock valued at $926,000 after buying an additional 5,714 shares in the last quarter. 98.40% of the stock is currently owned by institutional investors.

Express (NYSE:EXPR) traded down $0.10 on Friday, hitting $7.04. The stock had a trading volume of 107,119 shares, compared to its average volume of 3,040,967. The company has a market cap of $541.41, a price-to-earnings ratio of 22.16 and a beta of 1.03. Express has a 52-week low of $5.28 and a 52-week high of $11.68.

Express declared that its Board of Directors has initiated a stock buyback plan on Thursday, November 30th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is 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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