Q3 2019 EPS Estimates for Express, Inc. Lifted by Analyst (EXPR)

Express, Inc. (NYSE:EXPR) – Investment analysts at Wedbush boosted their Q3 2019 earnings estimates for Express in a research note issued on Thursday, October 18th. Wedbush analyst J. Redding now forecasts that the company will post earnings per share of $0.11 for the quarter, up from their prior estimate of $0.08. Wedbush also issued estimates for Express’ FY2019 earnings at $0.47 EPS, Q4 2020 earnings at $0.33 EPS and FY2020 earnings at $0.46 EPS.

Express (NYSE:EXPR) last issued its quarterly earnings results on Wednesday, August 29th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $493.60 million during the quarter, compared to analyst estimates of $482.37 million. Express had a net margin of 1.78% and a return on equity of 5.64%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 EPS.

A number of other analysts have also weighed in on EXPR. SunTrust Banks upped their price target on shares of Express from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Thursday, July 12th. B. Riley upped their price target on shares of Express from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, August 30th. Seven investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $9.40.

Shares of NYSE:EXPR opened at $8.42 on Friday. The company has a market capitalization of $636.21 million, a PE ratio of 24.11 and a beta of 0.86. Express has a twelve month low of $6.17 and a twelve month high of $11.69.

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in Express by 1.7% during the first quarter. Royal Bank of Canada now owns 363,748 shares of the company’s stock valued at $2,604,000 after purchasing an additional 6,082 shares during the last quarter. Premier Fund Managers Ltd raised its holdings in shares of Express by 5.0% during the second quarter. Premier Fund Managers Ltd now owns 163,622 shares of the company’s stock valued at $1,591,000 after acquiring an additional 7,844 shares during the period. United Services Automobile Association raised its holdings in shares of Express by 54.1% during the second quarter. United Services Automobile Association now owns 24,266 shares of the company’s stock valued at $222,000 after acquiring an additional 8,521 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in shares of Express by 32.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 41,660 shares of the company’s stock valued at $381,000 after acquiring an additional 10,190 shares during the period. Finally, KBC Group NV raised its holdings in shares of Express by 62.2% during the second quarter. KBC Group NV now owns 26,870 shares of the company’s stock valued at $246,000 after acquiring an additional 10,308 shares during the period.

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.

Further Reading: Buyback For Investors Defined

Earnings History and Estimates for Express (NYSE:EXPR)

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