Brokerages Anticipate Express, Inc. (EXPR) to Post $0.10 EPS

Wall Street brokerages expect Express, Inc. (NYSE:EXPR) to report earnings of $0.10 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Express’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.09. Express reported earnings of $0.08 per share in the same quarter last year, which suggests a positive year over year growth rate of 25%. The firm is expected to report its next quarterly earnings results on Thursday, November 29th.

On average, analysts expect that Express will report full-year earnings of $0.47 per share for the current financial year, with EPS estimates ranging from $0.44 to $0.49. For the next financial year, analysts anticipate that the firm will report earnings of $0.53 per share, with EPS estimates ranging from $0.46 to $0.63. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Express.

Express (NYSE:EXPR) last issued its quarterly earnings data on Wednesday, August 29th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $493.60 million during the quarter, compared to the consensus estimate of $482.37 million. Express had a return on equity of 5.64% and a net margin of 1.78%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the company earned $0.01 EPS.

Several equities analysts have weighed in on the company. B. Riley lifted their target price on Express from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, August 30th. SunTrust Banks lifted their target price on Express from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Thursday, July 12th. Six analysts have rated the stock with a hold rating, Express currently has an average rating of “Hold” and a consensus target price of $9.40.

Shares of NYSE:EXPR traded up $0.11 during midday trading on Friday, reaching $9.15. 11,619 shares of the company’s stock were exchanged, compared to its average volume of 2,372,034. The company has a market capitalization of $658.23 million, a price-to-earnings ratio of 25.42 and a beta of 0.86. Express has a fifty-two week low of $6.17 and a fifty-two week high of $11.69.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPR. BlackRock Inc. boosted its stake in shares of Express by 3.7% in the 2nd quarter. BlackRock Inc. now owns 10,276,912 shares of the company’s stock valued at $94,034,000 after buying an additional 370,011 shares during the period. Contrarius Investment Management Ltd boosted its stake in shares of Express by 15.3% in the 2nd quarter. Contrarius Investment Management Ltd now owns 6,773,637 shares of the company’s stock valued at $61,979,000 after buying an additional 897,275 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Express by 10.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,172,692 shares of the company’s stock valued at $38,179,000 after buying an additional 403,825 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Express by 9.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,541,060 shares of the company’s stock valued at $14,101,000 after buying an additional 130,689 shares during the period. Finally, Granite Investment Partners LLC purchased a new position in shares of Express in the 2nd quarter valued at about $12,679,000.

About Express

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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