Zacks: Brokerages Anticipate Express, Inc. (EXPR) Will Announce Quarterly Sales of $491.72 Million
Equities analysts expect Express, Inc. (NYSE:EXPR) to report $491.72 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Express’ earnings. The lowest sales estimate is $488.96 million and the highest is $496.30 million. Express reported sales of $506.09 million during the same quarter last year, which would suggest a negative year over year growth rate of 2.8%. The company is expected to report its next earnings report before the market opens on Thursday, November 30th.
According to Zacks, analysts expect that Express will report full-year sales of $491.72 million for the current year, with estimates ranging from $2.11 billion to $2.14 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.14 billion per share, with estimates ranging from $2.11 billion to $2.16 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Express.
Express (NYSE:EXPR) last issued its quarterly earnings data on Wednesday, August 23rd. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $478.50 million for the quarter, compared to analyst estimates of $474.11 million. Express had a return on equity of 4.25% and a net margin of 0.85%. Express’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
A number of equities research analysts recently weighed in on EXPR shares. BMO Capital Markets set a $7.00 price objective on Express and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded Express from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. BidaskClub upgraded Express from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $6.00 price target on shares of Express in a research report on Monday, October 2nd. Finally, B. Riley reiterated a “neutral” rating on shares of Express in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. Express currently has a consensus rating of “Hold” and an average price target of $8.20.
Shares of Express (NYSE EXPR) opened at $8.10 on Tuesday. The firm has a market capitalization of $607.57, a price-to-earnings ratio of 22.68 and a beta of 1.33. Express has a 52-week low of $5.28 and a 52-week high of $14.39.
Several institutional investors have recently made changes to their positions in the stock. Texas Permanent School Fund boosted its position in shares of Express by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 57,245 shares of the company’s stock valued at $386,000 after purchasing an additional 474 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Express by 3.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock valued at $125,000 after purchasing an additional 620 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Express by 21.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 16,017 shares of the company’s stock valued at $146,000 after purchasing an additional 2,795 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Express by 6.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 61,848 shares of the company’s stock valued at $418,000 after purchasing an additional 3,663 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of Express by 15.6% during the 2nd quarter. Voya Investment Management LLC now owns 33,207 shares of the company’s stock valued at $224,000 after purchasing an additional 4,480 shares in the last quarter. Institutional investors own 97.86% of the company’s stock.
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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