Express, Inc. (EXPR) Expected to Post Q3 2019 Earnings of $0.11 Per Share
Express, Inc. (NYSE:EXPR) – Analysts at B. Riley upped their Q3 2019 earnings per share estimates for Express in a note issued to investors on Thursday, August 30th. B. Riley analyst S. Anderson now forecasts that the company will post earnings per share of $0.11 for the quarter, up from their previous forecast of $0.06. B. Riley currently has a “Neutral” rating and a $9.00 price target on the stock.
EXPR has been the subject of a number of other reports. ValuEngine raised Express from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. Zacks Investment Research raised Express from a “strong sell” rating to a “hold” rating in a report on Monday, May 21st. SunTrust Banks raised their price target on Express from $8.00 to $9.00 and gave the company a “hold” rating in a report on Thursday, July 12th. Finally, Wedbush began coverage on Express in a report on Thursday, May 10th. They set a “neutral” rating and a $9.00 price target for the company. Eight analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $9.00.
Express (NYSE:EXPR) last released its quarterly earnings results on Wednesday, August 29th. The company reported $0.03 earnings per share for the quarter. Express had a return on equity of 5.64% and a net margin of 1.78%. The firm had revenue of $493.60 million during the quarter, compared to analysts’ expectations of $482.37 million. During the same period last year, the firm posted $0.01 EPS. The business’s revenue was up 2.6% on a year-over-year basis.
In other news, EVP James A. Hilt sold 11,000 shares of Express stock in a transaction on Monday, June 18th. The stock was sold at an average price of $9.41, for a total value of $103,510.00. Following the completion of the sale, the executive vice president now directly owns 102,557 shares of the company’s stock, valued at approximately $965,061.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Spark Investment Management LLC increased its stake in shares of Express by 150.1% in the 2nd quarter. Spark Investment Management LLC now owns 1,102,000 shares of the company’s stock valued at $10,083,000 after buying an additional 661,400 shares during the period. Wells Fargo & Company MN increased its stake in shares of Express by 13.5% in the 1st quarter. Wells Fargo & Company MN now owns 132,292 shares of the company’s stock valued at $947,000 after buying an additional 15,767 shares during the period. Alps Advisors Inc. acquired a new stake in shares of Express in the 1st quarter valued at $569,000. Massachusetts Financial Services Co. MA increased its stake in shares of Express by 18.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 499,484 shares of the company’s stock valued at $3,576,000 after buying an additional 76,573 shares during the period. Finally, Granite Investment Partners LLC acquired a new stake in shares of Express in the 2nd quarter valued at $12,679,000.
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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