Equities analysts expect Express, Inc. (NYSE:EXPR) to announce sales of $471.42 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Express’ earnings, with the highest sales estimate coming in at $477.60 million and the lowest estimate coming in at $466.16 million. Express reported sales of $467.03 million during the same quarter last year, which suggests a positive year over year growth rate of 0.9%. The company is expected to issue its next earnings results on Thursday, June 7th.
According to Zacks, analysts expect that Express will report full-year sales of $2.15 billion for the current financial year, with estimates ranging from $2.12 billion to $2.18 billion. For the next financial year, analysts anticipate that the business will post sales of $2.18 billion per share, with estimates ranging from $2.14 billion to $2.23 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Express.
Express (NYSE:EXPR) last announced its quarterly earnings data on Wednesday, March 14th. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.02. Express had a return on equity of 4.45% and a net margin of 0.91%. The company had revenue of $693.80 million for the quarter, compared to analyst estimates of $686.82 million. During the same quarter last year, the firm earned $0.29 EPS. Express’s revenue for the quarter was up 2.2% compared to the same quarter last year.
EXPR has been the topic of several recent analyst reports. ValuEngine raised Express from a “sell” rating to a “hold” rating in a research note on Sunday, April 8th. Wedbush initiated coverage on Express in a research note on Thursday. They issued a “neutral” rating and a $9.00 price target on the stock. Finally, Zacks Investment Research raised Express from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. Express presently has an average rating of “Hold” and an average price target of $8.77.
EXPR stock traded up $0.27 during trading on Tuesday, hitting $8.65. The company had a trading volume of 1,796,800 shares, compared to its average volume of 2,385,121. The firm has a market cap of $631.33 million, a price-to-earnings ratio of 24.03 and a beta of 0.92. Express has a fifty-two week low of $5.28 and a fifty-two week high of $11.34.
A number of institutional investors have recently bought and sold shares of the business. Swiss National Bank boosted its stake in Express by 5.0% in the first quarter. Swiss National Bank now owns 137,300 shares of the company’s stock worth $983,000 after purchasing an additional 6,600 shares in the last quarter. KBC Group NV raised its position in shares of Express by 105.1% during the first quarter. KBC Group NV now owns 16,562 shares of the company’s stock worth $119,000 after acquiring an additional 8,487 shares during the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of Express during the fourth quarter worth $108,000. Crossmark Global Holdings Inc. raised its position in shares of Express by 39.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 42,596 shares of the company’s stock worth $432,000 after acquiring an additional 12,053 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of Express by 0.9% during the fourth quarter. LSV Asset Management now owns 1,443,173 shares of the company’s stock worth $14,648,000 after acquiring an additional 13,100 shares during the last quarter. 99.09% of the stock is currently owned by institutional investors.
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.
Get a free copy of the Zacks research report on Express (EXPR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express and related companies with MarketBeat.com's FREE daily email newsletter.