Analysts predict that Express, Inc. (NYSE:EXPR) will post sales of $471.42 million for the current quarter, according to Zacks. Three analysts have issued estimates for Express’ earnings, with estimates ranging from $466.16 million to $477.60 million. Express reported sales of $467.03 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.9%. The company is expected to announce its next earnings results on Thursday, June 7th.
According to Zacks, analysts expect that Express will report full-year sales of $471.42 million for the current year, with estimates ranging from $2.12 billion to $2.18 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.18 billion per share, with estimates ranging from $2.14 billion to $2.23 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Express.
Express (NYSE:EXPR) last posted its quarterly earnings results on Wednesday, March 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The business had revenue of $693.80 million for the quarter, compared to analyst estimates of $686.82 million. Express had a return on equity of 4.45% and a net margin of 0.91%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS.
Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Express from a “sell” rating to a “hold” rating in a research report on Tuesday, March 13th. BMO Capital Markets set a $10.00 price target on Express and gave the company a “hold” rating in a research report on Friday, December 1st. SunTrust Banks set a $10.00 price target on Express and gave the company a “hold” rating in a research report on Friday, December 1st. Finally, B. Riley upped their price target on Express from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $8.75.
EXPR stock remained flat at $$6.99 during mid-day trading on Friday. 1,561,249 shares of the company traded hands, compared to its average volume of 2,763,050. The firm has a market capitalization of $550.08, a price-to-earnings ratio of 29.13 and a beta of 0.94. Express has a 1 year low of $5.28 and a 1 year high of $11.34.
Express declared that its Board of Directors has approved a share buyback program on Thursday, November 30th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Institutional investors and hedge funds have recently modified their holdings of the stock. Zeke Capital Advisors LLC bought a new position in Express during the 4th quarter worth $108,000. Alambic Investment Management L.P. bought a new position in Express during the 4th quarter worth $147,000. Public Employees Retirement System of Ohio grew its stake 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 worth $140,000 after buying an additional 4,722 shares during the last quarter. Acadian Asset Management LLC bought a new position in Express during the 4th quarter worth $228,000. Finally, Unison Advisors LLC bought a new position in Express during the 4th quarter worth $238,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.
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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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