Wall Street brokerages expect Express, Inc. (NYSE:EXPR) to post earnings per share of $0.36 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Express’ earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.44. Express posted earnings per share of $0.29 in the same quarter last year, which would suggest a positive year over year growth rate of 24.1%. The company is scheduled to report its next quarterly earnings report on Wednesday, March 14th.

According to Zacks, analysts expect that Express will report full year earnings of $0.35 per share for the current financial year, with EPS estimates ranging from $0.34 to $0.35. For the next year, analysts anticipate that the firm will report earnings of $0.53 per share, with EPS estimates ranging from $0.43 to $0.63. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Express.

Express (NYSE:EXPR) last announced its quarterly earnings results on Thursday, November 30th. The company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $498.70 million for the quarter, compared to analysts’ expectations of $487.38 million. Express had a return on equity of 3.85% and a net margin of 0.60%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS.

A number of brokerages recently issued reports on EXPR. Zacks Investment Research lowered Express from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub raised Express from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. B. Riley reissued a “neutral” rating on shares of Express in a report on Wednesday, November 1st. SunTrust Banks reissued a “hold” rating and issued a $6.00 price objective on shares of Express in a report on Monday, October 2nd. Finally, TheStreet raised Express from a “d+” rating to a “c-” rating in a report on Thursday, November 16th. One research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Express has an average rating of “Hold” and a consensus price target of $8.88.

Shares of Express (EXPR) opened at $7.31 on Thursday. The firm has a market capitalization of $576.44, a P/E ratio of 45.69 and a beta of 1.55. Express has a 1 year low of $5.28 and a 1 year high of $11.69.

Express declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 30th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Piedmont Investment Advisors LLC bought a new stake in shares of Express during the 2nd quarter worth $114,000. Public Employees Retirement System of Ohio boosted its stake 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 worth $140,000 after acquiring an additional 4,722 shares in the last quarter. Gotham Asset Management LLC bought a new stake in shares of Express during the 2nd quarter worth $148,000. Virtu KCG Holdings LLC bought a new stake in shares of Express during the 2nd quarter worth $177,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Express by 59.1% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 29,420 shares of the company’s stock worth $199,000 after acquiring an additional 10,930 shares in the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “” was originally published by BBNS and is owned by of BBNS. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://baseballnewssource.com/markets/1864057/1864057.html.

About Express

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.

Get a free copy of the Zacks research report on Express (EXPR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Express (NYSE:EXPR)

Receive News & Ratings for Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Giants Will Retire No. 25 of Barry Bonds in August
Giants Will Retire No. 25 of Barry Bonds in August
Mookie Betts Awarded Arbitration of $10.5 Million
Mookie Betts Awarded Arbitration of $10.5 Million


Leave a Reply

 
© 2006-2018 BBNS.