Express, Inc. (EXPR) Expected to Post Quarterly Sales of $430.44 Million

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Brokerages forecast that Express, Inc. (NYSE:EXPR) will announce $430.44 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Express’ earnings. The highest sales estimate is $432.40 million and the lowest is $426.70 million. Express reported sales of $479.35 million during the same quarter last year, which indicates a negative year-over-year growth rate of 10.2%. The business is scheduled to issue its next earnings report on Thursday, May 30th.

On average, analysts expect that Express will report full-year sales of $2.01 billion for the current fiscal year, with estimates ranging from $1.99 billion to $2.04 billion. For the next financial year, analysts expect that the company will report sales of $2.00 billion, with estimates ranging from $1.99 billion to $2.02 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Express.

Express (NYSE:EXPR) last released its quarterly earnings data on Wednesday, March 13th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $628.40 million for the quarter, compared to the consensus estimate of $629.63 million. Express had a return on equity of 3.84% and a net margin of 0.46%. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period last year, the business posted $0.34 EPS.

Several brokerages recently commented on EXPR. TheStreet downgraded Express from a “c” rating to a “d+” rating in a report on Thursday, March 14th. ValuEngine upgraded Express from a “strong sell” rating to a “sell” rating in a report on Sunday, March 3rd. Wedbush dropped their target price on Express from $10.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, January 8th. Finally, Zacks Investment Research upgraded Express from a “sell” rating to a “hold” rating in a report on Thursday, January 17th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Express presently has an average rating of “Hold” and a consensus price target of $6.40.

Several large investors have recently made changes to their positions in the stock. Paloma Partners Management Co increased its holdings in Express by 12.3% during the 4th quarter. Paloma Partners Management Co now owns 21,731 shares of the company’s stock worth $111,000 after purchasing an additional 2,380 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Express by 13.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 23,387 shares of the company’s stock worth $120,000 after purchasing an additional 2,767 shares during the last quarter. United Services Automobile Association increased its holdings in Express by 15.7% during the 4th quarter. United Services Automobile Association now owns 28,241 shares of the company’s stock worth $144,000 after purchasing an additional 3,822 shares during the last quarter. Arizona State Retirement System increased its holdings in Express by 4.5% during the 4th quarter. Arizona State Retirement System now owns 113,006 shares of the company’s stock worth $577,000 after purchasing an additional 4,899 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Express by 1.9% during the 4th quarter. Two Sigma Advisers LP now owns 301,500 shares of the company’s stock worth $1,541,000 after purchasing an additional 5,637 shares during the last quarter.

Shares of Express stock traded up $0.06 during trading hours on Friday, reaching $3.92. The stock had a trading volume of 25,005 shares, compared to its average volume of 1,748,023. The company has a market cap of $250.73 million, a price-to-earnings ratio of 12.25 and a beta of 1.08. Express has a 1 year low of $3.69 and a 1 year high of $11.69.

About Express

Express, Inc operates as an apparel and accessories retailer. It offers apparel and accessories for women and men for work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; and mobile app, as well as franchisees Express locations in Latin America.

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