Analysts expect that Express, Inc. (NYSE:EXPR) will post $637.73 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Express’ earnings. The lowest sales estimate is $626.31 million and the highest is $655.70 million. Express reported sales of $693.81 million during the same quarter last year, which would suggest a negative year over year growth rate of 8.1%. The business is expected to announce its next earnings report on Wednesday, March 13th.
According to Zacks, analysts expect that Express will report full-year sales of $2.13 billion for the current financial year, with estimates ranging from $2.11 billion to $2.14 billion. For the next financial year, analysts expect that the company will post sales of $2.15 billion, with estimates ranging from $2.08 billion to $2.19 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Express.
Express (NYSE:EXPR) last announced its earnings results on Thursday, November 29th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $515.00 million for the quarter, compared to analysts’ expectations of $505.46 million. Express had a return on equity of 5.94% and a net margin of 1.84%. Express’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS.
Several equities research analysts have recently issued reports on the company. ValuEngine cut Express from a “buy” rating to a “hold” rating in a report on Friday, November 16th. B. Riley set a $7.00 price objective on Express and gave the stock a “hold” rating in a report on Friday, November 30th. MKM Partners set a $6.00 price objective on Express and gave the stock a “hold” rating in a report on Thursday, December 6th. Zacks Investment Research cut Express from a “buy” rating to a “hold” rating in a report on Tuesday, December 4th. Finally, Wedbush decreased their price objective on Express from $10.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $7.00.
Shares of NYSE:EXPR opened at $5.35 on Friday. The firm has a market cap of $383.76 million, a price-to-earnings ratio of 14.86 and a beta of 1.19. Express has a one year low of $4.83 and a one year high of $11.69.
In other news, major shareholder Contrarius Investment Manageme sold 240,425 shares of Express stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $5.36, for a total transaction of $1,288,678.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Teachers Advisors LLC increased its position in shares of Express by 4.3% during the third quarter. Teachers Advisors LLC now owns 148,730 shares of the company’s stock worth $1,645,000 after acquiring an additional 6,126 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Express by 5.2% in the third quarter. Wells Fargo & Company MN now owns 136,870 shares of the company’s stock valued at $1,515,000 after buying an additional 6,817 shares during the last quarter. United Services Automobile Association increased its holdings in Express by 54.1% in the second quarter. United Services Automobile Association now owns 24,266 shares of the company’s stock valued at $222,000 after buying an additional 8,521 shares during the last quarter. SG Americas Securities LLC increased its holdings in Express by 71.9% in the third quarter. SG Americas Securities LLC now owns 20,533 shares of the company’s stock valued at $227,000 after buying an additional 8,585 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Express by 3.7% in the third quarter. Legal & General Group Plc now owns 261,501 shares of the company’s stock valued at $2,891,000 after buying an additional 9,254 shares during the last quarter.
Express Company Profile
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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