Equities research analysts expect Express, Inc. (NYSE:EXPR) to post earnings of $0.43 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Express’ earnings, with estimates ranging from $0.41 to $0.45. Express reported earnings per share of $0.29 in the same quarter last year, which would suggest a positive year-over-year growth rate of 48.3%. The firm is scheduled to issue its next earnings results on Wednesday, March 14th.
According to Zacks, analysts expect that Express will report full year earnings of $0.47 per share for the current financial year, with EPS estimates ranging from $0.44 to $0.49. For the next year, analysts expect that the business will report earnings of $0.64 per share, with EPS estimates ranging from $0.56 to $0.72. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Express.
Express (NYSE:EXPR) last posted its quarterly earnings data on Thursday, November 30th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $498.70 million for the quarter, compared to analyst estimates of $487.38 million. Express had a net margin of 1.26% and a return on equity of 3.97%. Express’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 earnings per share.
EXPR has been the topic of a number of recent research reports. SunTrust Banks restated a “hold” rating and issued a $6.00 price objective on shares of Express in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Express from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a research note on Tuesday, October 24th. BidaskClub upgraded shares of Express from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 18th. FBR & Co restated a “hold” rating and issued a $7.00 price objective on shares of Express in a research note on Friday, September 29th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $7.00 price target on shares of Express in a research note on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.88.
A number of hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. lifted its holdings in shares of Express by 37.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 880,957 shares of the company’s stock valued at $5,947,000 after purchasing an additional 238,804 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Express by 5.2% in the second quarter. Legal & General Group Plc now owns 194,836 shares of the company’s stock valued at $1,314,000 after purchasing an additional 9,571 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in shares of Express by 17.9% in the second quarter. Federated Investors Inc. PA now owns 238,672 shares of the company’s stock valued at $1,611,000 after purchasing an additional 36,165 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Express by 15.0% in the second quarter. Swiss National Bank now owns 130,700 shares of the company’s stock valued at $882,000 after purchasing an additional 17,000 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Express by 41.9% in the second quarter. JPMorgan Chase & Co. now owns 675,299 shares of the company’s stock valued at $4,558,000 after purchasing an additional 199,406 shares in the last quarter. 99.08% of the stock is currently owned by hedge funds and other institutional investors.
Express (NYSE:EXPR) traded up $0.12 during midday trading on Wednesday, reaching $7.49. 6,458,900 shares of the company’s stock were exchanged, compared to its average volume of 3,880,000. The firm has a market capitalization of $590.23, a price-to-earnings ratio of 46.81 and a beta of 1.55. Express has a one year low of $5.28 and a one year high of $11.69.
Express announced that its board has approved a share repurchase program on Thursday, November 30th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are 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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