Express, Inc. (EXPR) Expected to Announce Quarterly Sales of $691.56 Million

Wall Street brokerages predict that Express, Inc. (NYSE:EXPR) will report $691.56 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Express’ earnings, with estimates ranging from $668.70 million to $713.40 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 1.9%. The firm is expected to report its next quarterly earnings results on Wednesday, March 14th.

According to Zacks, analysts expect that Express will report full year sales of $691.56 million for the current fiscal year, with estimates ranging from $2.11 billion to $2.14 billion. For the next year, analysts expect that the company will post sales of $2.10 billion per share, with estimates ranging from $2.09 billion to $2.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Express.

Express (NYSE:EXPR) last announced its quarterly earnings results on Thursday, November 30th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $498.70 million during the quarter, compared to the consensus estimate of $487.38 million. Express had a net margin of 0.60% and a return on equity of 3.85%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share.

Several research analysts have recently issued reports on EXPR shares. Zacks Investment Research upgraded shares of Express from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a report on Tuesday, October 24th. SunTrust Banks set a $10.00 price target on shares of Express and gave the stock a “hold” rating in a report on Friday, December 1st. B. Riley upped their price target on shares of Express from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, November 30th. TheStreet upgraded shares of Express from a “d+” rating to a “c-” rating in a report on Thursday, November 16th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $7.00 price target on shares of Express in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $8.88.

Shares of Express (EXPR) remained flat at $$7.11 during trading hours on Monday. The company’s stock had a trading volume of 1,260,000 shares, compared to its average volume of 2,770,000. The company has a market capitalization of $560.33, a price-to-earnings ratio of 44.44 and a beta of 1.03. Express has a one year low of $5.28 and a one year high of $11.68.

Express announced that its board has authorized a share buyback plan on Thursday, November 30th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Swiss National Bank boosted its position in Express by 15.0% during the second quarter. Swiss National Bank now owns 130,700 shares of the company’s stock valued at $882,000 after acquiring an additional 17,000 shares during the last quarter. Wells Fargo & Company MN boosted its position in Express by 15.6% during the second quarter. Wells Fargo & Company MN now owns 59,616 shares of the company’s stock valued at $403,000 after acquiring an additional 8,057 shares during the last quarter. Teachers Advisors LLC boosted its position in Express by 4.3% during the second quarter. Teachers Advisors LLC now owns 137,208 shares of the company’s stock valued at $926,000 after acquiring an additional 5,714 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Express by 80.1% during the second quarter. TIAA CREF Investment Management LLC now owns 495,492 shares of the company’s stock valued at $3,345,000 after acquiring an additional 220,316 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Express by 4.5% during the second quarter. Ameriprise Financial Inc. now owns 591,208 shares of the company’s stock valued at $3,992,000 after acquiring an additional 25,422 shares during the last quarter. Institutional investors and hedge funds own 99.08% of the company’s stock.

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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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Earnings History and Estimates for Express (NYSE:EXPR)

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