Express, Inc. (EXPR) Expected to Post Earnings of $0.16 Per Share

Analysts predict that Express, Inc. (NYSE:EXPR) will report earnings of $0.16 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Express’ earnings. The lowest EPS estimate is $0.13 and the highest is $0.19. Express posted earnings per share of $0.34 in the same quarter last year, which suggests a negative year-over-year growth rate of 52.9%. The business is expected to issue its next earnings results on Wednesday, March 13th.

On average, analysts expect that Express will report full-year earnings of $0.30 per share for the current year, with EPS estimates ranging from $0.27 to $0.33. For the next financial year, analysts forecast that the business will report earnings of $0.33 per share, with EPS estimates ranging from $0.23 to $0.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Express.

Express (NYSE:EXPR) last released its earnings results on Thursday, November 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.01. The company had revenue of $515.00 million during the quarter, compared to analyst estimates of $505.46 million. Express had a return on equity of 5.94% and a net margin of 1.84%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 earnings per share.

A number of equities analysts have recently weighed in on EXPR shares. ValuEngine downgraded shares of Express from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. B. Riley set a $7.00 price target on shares of Express and gave the stock a “hold” rating in a research note on Friday, November 30th. Zacks Investment Research downgraded shares of Express from a “buy” rating to a “hold” rating in a research note on Tuesday, December 4th. MKM Partners set a $6.00 price target on shares of Express and gave the stock a “hold” rating in a research note on Thursday, December 6th. Finally, Wedbush dropped their price target on shares of Express from $10.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Express has an average rating of “Hold” and a consensus price target of $7.00.

Shares of EXPR traded down $0.47 during mid-day trading on Thursday, reaching $5.13. The company’s stock had a trading volume of 4,512,112 shares, compared to its average volume of 2,597,137. The firm has a market capitalization of $372.11 million, a P/E ratio of 14.25 and a beta of 1.19. Express has a 1 year low of $4.83 and a 1 year high of $11.69.

In other news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the company’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $5.36, for a total value of $1,288,678.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of EXPR. Pacer Advisors Inc. increased its position in Express by 215.2% during the third quarter. Pacer Advisors Inc. now owns 15,931 shares of the company’s stock worth $176,000 after buying an additional 10,876 shares during the last quarter. Kessler Investment Group LLC acquired a new position in Express during the third quarter worth $179,000. United Services Automobile Association increased its position in Express by 54.1% during the second quarter. United Services Automobile Association now owns 24,266 shares of the company’s stock worth $222,000 after buying an additional 8,521 shares during the last quarter. SG Americas Securities LLC increased its position in Express by 71.9% during the third quarter. SG Americas Securities LLC now owns 20,533 shares of the company’s stock worth $227,000 after buying an additional 8,585 shares during the last quarter. Finally, Man Group plc acquired a new position in Express during the third quarter worth $262,000.

About Express

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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