Equities analysts forecast that Express, Inc. (NYSE:EXPR) will post $726.75 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Express’ earnings, with the highest sales estimate coming in at $753.50 million and the lowest estimate coming in at $713.35 million. Express reported sales of $678.78 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The business is expected to issue its next quarterly earnings results on Wednesday, March 14th.
On average, analysts expect that Express will report full year sales of $726.75 million for the current fiscal year, with estimates ranging from $2.16 billion to $2.20 billion. For the next year, analysts anticipate that the business will report sales of $2.18 billion per share, with estimates ranging from $2.14 billion to $2.25 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Express.
Express (NYSE:EXPR) last issued its earnings results on Thursday, November 30th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. Express had a net margin of 0.60% and a return on equity of 3.85%. The company had revenue of $498.70 million for the quarter, compared to analyst estimates of $487.38 million. During the same period in the previous year, the firm earned $0.15 EPS. The business’s revenue was down 1.5% on a year-over-year basis.
Hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its stake in Express by 4.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 591,208 shares of the company’s stock valued at $3,992,000 after purchasing an additional 25,422 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Express by 646.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 390,460 shares of the company’s stock valued at $2,636,000 after purchasing an additional 338,152 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Express by 51.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,990,319 shares of the company’s stock valued at $13,435,000 after purchasing an additional 673,630 shares during the last quarter. Airain ltd acquired a new position in Express in the 2nd quarter valued at about $1,544,000. Finally, Strs Ohio raised its stake in Express by 55.6% in the 2nd quarter. Strs Ohio now owns 110,200 shares of the company’s stock valued at $743,000 after purchasing an additional 39,400 shares during the last quarter. 99.82% of the stock is owned by hedge funds and other institutional investors.
Express (NYSE EXPR) traded down $0.30 during trading on Friday, hitting $10.87. 3,213,480 shares of the company traded hands, compared to its average volume of 2,379,361. Express has a 1-year low of $5.28 and a 1-year high of $12.21. The stock has a market cap of $884.23, a price-to-earnings ratio of 36.19 and a beta of 1.55.
Express declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 30th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management 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.
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