Express, Inc. (NYSE:EXPR) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.41-0.48 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.42. Express also updated its Q3 guidance to 0.06-0.10 EPS.
Express, Inc. (NYSE:EXPR) opened at 5.49 on Wednesday. The firm has a 50-day moving average of $6.15 and a 200 day moving average of $8.06. Express, Inc. has a 12-month low of $5.28 and a 12-month high of $16.07. The company has a market capitalization of $430.66 million, a price-to-earnings ratio of 10.76 and a beta of 1.44.
Express (NYSE:EXPR) last posted its quarterly earnings results on Wednesday, August 23rd. The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. Express had a negative return on equity of 2.86% and a negative net margin of 0.97%. The company had revenue of $478.50 million for the quarter, compared to analysts’ expectations of $474.11 million. During the same period in the previous year, the firm earned $0.13 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. Analysts expect that Express, Inc. will post $0.42 EPS for the current fiscal year.
A number of research analysts recently commented on EXPR shares. TheStreet cut Express from a c rating to a d+ rating in a report on Thursday, June 1st. Morgan Stanley boosted their price target on Express from $7.50 to $10.50 and gave the stock an equal weight rating in a report on Wednesday, June 14th. 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. Zacks Investment Research raised Express from a sell rating to a hold rating in a report on Tuesday, August 15th. Finally, Deutsche Bank AG boosted their price target on Express from $8.00 to $10.00 and gave the stock a hold rating in a report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $9.77.
About Express
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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