Express, Inc. (EXPR) Expected to Announce Quarterly Sales of $637.73 Million
Brokerages expect Express, Inc. (NYSE:EXPR) to report $637.73 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Express’ earnings, with the lowest sales estimate coming in at $626.31 million and the highest estimate coming in at $655.70 million. Express reported sales of $693.81 million in the same quarter last year, which indicates a negative year over year growth rate of 8.1%. The business is expected to report its next earnings report on Wednesday, March 13th.
On average, analysts expect that Express will report full-year sales of $2.13 billion for the current year, with estimates ranging from $2.11 billion to $2.14 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.15 billion, with estimates ranging from $2.08 billion to $2.19 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Express.
Express (NYSE:EXPR) last posted its earnings results on Thursday, November 29th. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Express had a return on equity of 5.94% and a net margin of 1.84%. The company had revenue of $515.00 million for the quarter, compared to analyst estimates of $505.46 million. During the same period last year, the company earned $0.08 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year.
In other Express news, major shareholder Contrarius Investment Manageme sold 240,425 shares of Express stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $5.36, for a total transaction of $1,288,678.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its holdings in shares of Express by 827.0% in the 4th quarter. Meeder Asset Management Inc. now owns 13,061 shares of the company’s stock worth $67,000 after acquiring an additional 11,652 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Express by 215.2% in the 3rd quarter. Pacer Advisors Inc. now owns 15,931 shares of the company’s stock worth $176,000 after acquiring an additional 10,876 shares in the last quarter. Kessler Investment Group LLC bought a new position in Express in the 3rd quarter worth approximately $179,000. United Services Automobile Association raised its position in Express by 54.1% in the 2nd quarter. United Services Automobile Association now owns 24,266 shares of the company’s stock worth $222,000 after purchasing an additional 8,521 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Express by 71.9% in the 3rd quarter. SG Americas Securities LLC now owns 20,533 shares of the company’s stock worth $227,000 after purchasing an additional 8,585 shares during the last quarter.
NYSE EXPR traded up $0.06 during trading on Friday, hitting $5.30. 1,839,740 shares of the company traded hands, compared to its average volume of 2,254,800. Express has a 12 month low of $4.83 and a 12 month high of $11.69. The firm has a market cap of $353.61 million, a P/E ratio of 14.72 and a beta of 1.19.
Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.
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