Express, Inc. (NYSE:EXPR) – Equities researchers at SunTrust Banks dropped their Q2 2019 EPS estimates for shares of Express in a note issued to investors on Wednesday, March 14th, Zacks Investment Research reports. SunTrust Banks analyst P. Quintiliano now forecasts that the company will earn $0.01 per share for the quarter, down from their prior forecast of $0.02. SunTrust Banks currently has a “Hold” rating and a $8.00 target price on the stock. SunTrust Banks also issued estimates for Express’ Q3 2019 earnings at $0.06 EPS, Q4 2019 earnings at $0.39 EPS, FY2019 earnings at $0.44 EPS and FY2020 earnings at $0.65 EPS.
A number of other brokerages have also weighed in on EXPR. Zacks Investment Research raised shares of Express from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. ValuEngine lowered shares of Express from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $8.75.
Shares of Express stock opened at $7.56 on Friday. The company has a market capitalization of $593.43, a P/E ratio of 21.00 and a beta of 0.94. Express has a fifty-two week low of $5.28 and a fifty-two week high of $11.34.
Express (NYSE:EXPR) last posted its earnings results on Wednesday, March 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Express had a net margin of 0.91% and a return on equity of 4.45%. The company had revenue of $693.80 million during the quarter, compared to analysts’ expectations of $686.82 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. Express’s quarterly revenue was up 2.2% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXPR. Zeke Capital Advisors LLC acquired a new stake in Express during the 4th quarter worth $108,000. Public Employees Retirement System of Ohio grew its holdings in Express by 29.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock worth $140,000 after acquiring an additional 4,722 shares during the period. Alambic Investment Management L.P. acquired a new stake in Express during the 4th quarter worth $147,000. Municipal Employees Retirement System of Michigan grew its holdings in Express by 59.1% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 29,420 shares of the company’s stock worth $199,000 after acquiring an additional 10,930 shares during the period. Finally, FNY Managed Accounts LLC acquired a new stake in Express during the 3rd quarter worth $201,000. 99.08% of the stock is owned by hedge funds and other institutional investors.
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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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