Express, Inc. (NYSE:EXPR) – Analysts at B. Riley reduced their Q3 2020 earnings per share estimates for shares of Express in a research report issued to clients and investors on Monday, August 19th. B. Riley analyst S. Anderson now expects that the company will earn $0.02 per share for the quarter, down from their prior estimate of $0.03. B. Riley currently has a “Hold” rating and a $4.00 price objective on the stock.

Express (NYSE:EXPR) last posted its quarterly earnings data on Thursday, May 30th. The company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.16. Express had a negative net margin of 0.04% and a positive return on equity of 2.20%. The business had revenue of $451.30 million during the quarter, compared to analysts’ expectations of $429.41 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. Express’s revenue was down 5.9% compared to the same quarter last year.

A number of other research firms have also recently commented on EXPR. ValuEngine raised shares of Express from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of Express from a “buy” rating to a “hold” rating in a report on Monday, August 12th. Six investment analysts have rated the stock with a hold rating, Express has a consensus rating of “Hold” and an average price target of $4.60.

EXPR opened at $2.11 on Wednesday. Express has a twelve month low of $1.83 and a twelve month high of $11.69. The company has a 50-day simple moving average of $2.31 and a 200 day simple moving average of $3.54. The company has a quick ratio of 0.39, a current ratio of 0.97 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $135.87 million, a price-to-earnings ratio of 6.59 and a beta of 0.93.

A number of large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Express during the 4th quarter worth $9,096,000. Deutsche Bank AG grew its stake in Express by 60.4% in the 4th quarter. Deutsche Bank AG now owns 936,003 shares of the company’s stock valued at $4,781,000 after buying an additional 352,399 shares during the last quarter. Creative Planning grew its stake in Express by 36.6% in the 1st quarter. Creative Planning now owns 14,000 shares of the company’s stock valued at $60,000 after buying an additional 3,750 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Express by 61.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 36,489 shares of the company’s stock valued at $156,000 after buying an additional 13,821 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Express in the 1st quarter valued at $76,000.

Express Company Profile

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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Earnings History and Estimates for Express (NYSE:EXPR)

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