Express (EXPR) Announces Earnings Results, Beats Expectations By $0.02 EPS

Express (NYSE:EXPR) announced its quarterly earnings results on Wednesday. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02, Bloomberg Earnings reports. The firm had revenue of $693.80 million during the quarter, compared to analysts’ expectations of $686.82 million. Express had a net margin of 0.60% and a return on equity of 3.85%. Express’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. Express updated its Q1 guidance to ($0.04) – $0.00 EPS.

Express (EXPR) opened at $7.80 on Wednesday. Express has a one year low of $5.28 and a one year high of $11.34. The stock has a market cap of $580.03, a PE ratio of 46.25 and a beta of 0.94.

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Express from a “sell” rating to a “hold” rating in a research note on Tuesday. SunTrust Banks dropped their price objective on shares of Express to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, January 10th. BMO Capital Markets set a $10.00 price objective on shares of Express and gave the company a “hold” rating in a research note on Friday, December 1st. B. Riley lifted their price objective on shares of Express from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, November 30th. Finally, TheStreet upgraded shares of Express from a “d+” rating to a “c-” rating in a research note on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating and nine have issued a hold rating to the stock. Express currently has a consensus rating of “Hold” and a consensus target price of $8.75.

Express declared that its Board of Directors has initiated a share repurchase program on Thursday, November 30th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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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.

Earnings History for Express (NYSE:EXPR)

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