Equities research analysts predict that Express, Inc. (NYSE:EXPR) will announce sales of $491.72 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Express’ earnings, with estimates ranging from $488.96 million to $496.30 million. Express posted sales of $506.09 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.8%. The business is scheduled to issue its next quarterly earnings results on Thursday, December 7th.
On average, analysts expect that Express will report full-year sales of $491.72 million for the current financial year, with estimates ranging from $2.11 billion to $2.14 billion. For the next 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 an average based on a survey of sell-side analysts that that provide coverage for Express.
Express (NYSE:EXPR) last posted its quarterly earnings data on Wednesday, August 23rd. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. Express had a return on equity of 4.25% and a net margin of 0.85%. The firm had revenue of $478.50 million for the quarter, compared to the consensus estimate of $474.11 million. During the same quarter last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year.
A number of analysts have recently commented on the company. SunTrust Banks, Inc. restated a “hold” rating and issued a $6.00 target price on shares of Express in a research note on Monday, October 2nd. FBR & Co reaffirmed a “hold” rating and issued a $7.00 price target on shares of Express in a report on Friday, September 29th. BidaskClub raised Express from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. BMO Capital Markets set a $7.00 price target on Express and gave the stock a “hold” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research raised Express from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $8.25.
Express (EXPR) opened at 5.88 on Friday. The company has a market cap of $463.26 million, a P/E ratio of 25.57 and a beta of 1.47. The stock has a 50 day moving average price of $6.58 and a 200 day moving average price of $7.09. Express has a 1-year low of $5.28 and a 1-year high of $14.39.
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Institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue raised its holdings in shares of Express by 77.6% during the second quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock valued at $103,000 after acquiring an additional 6,711 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Express during the second quarter valued at approximately $114,000. Fox Run Management L.L.C. acquired a new position in shares of Express during the second quarter valued at approximately $119,000. Municipal Employees Retirement System of Michigan raised its holdings in shares of Express by 3.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 18,490 shares of the company’s stock valued at $125,000 after acquiring an additional 620 shares during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Express during the first quarter valued at approximately $131,000. 99.23% of the stock is owned by institutional investors and hedge funds.
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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