Express, Inc. (NYSE:EXPR) – Analysts at Wedbush raised their Q3 2019 earnings per share estimates for Express in a report released on Thursday, October 18th. Wedbush analyst J. Redding now expects that the company will post earnings per share of $0.11 for the quarter, up from their previous estimate of $0.08. Wedbush also issued estimates for Express’ FY2019 earnings at $0.47 EPS, Q4 2020 earnings at $0.33 EPS and FY2020 earnings at $0.46 EPS.
Express (NYSE:EXPR) last posted its quarterly earnings results on Wednesday, August 29th. The company reported $0.03 EPS for the quarter. Express had a return on equity of 5.64% and a net margin of 1.78%. The firm had revenue of $493.60 million during the quarter, compared to analysts’ expectations of $482.37 million. During the same quarter last year, the firm earned $0.01 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis.
Several other equities research analysts have also recently commented on EXPR. SunTrust Banks increased their price target on Express from $8.00 to $9.00 and gave the company a “hold” rating in a report on Thursday, July 12th. B. Riley increased their price target on Express from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, August 30th. Seven research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $9.40.
NYSE:EXPR opened at $8.42 on Friday. Express has a one year low of $6.17 and a one year high of $11.69. The company has a market capitalization of $639.88 million, a P/E ratio of 23.39 and a beta of 0.86.
Large investors have recently bought and sold shares of the stock. Spark Investment Management LLC increased its holdings in shares of Express by 150.1% in the second quarter. Spark Investment Management LLC now owns 1,102,000 shares of the company’s stock valued at $10,083,000 after purchasing an additional 661,400 shares during the last quarter. MetLife Investment Advisors LLC increased its stake in Express by 50.2% during the second quarter. MetLife Investment Advisors LLC now owns 34,677 shares of the company’s stock worth $317,000 after acquiring an additional 11,583 shares during the last quarter. Wells Fargo & Company MN increased its stake in Express by 13.5% during the first quarter. Wells Fargo & Company MN now owns 132,292 shares of the company’s stock worth $947,000 after acquiring an additional 15,767 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Express by 9.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,541,060 shares of the company’s stock worth $14,101,000 after acquiring an additional 130,689 shares during the last quarter. Finally, Sun Life Financial INC acquired a new stake in Express during the second quarter worth $118,000.
Express Company Profile
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.
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