B. Riley Comments on Express, Inc.’s FY2018 Earnings (EXPR)
Express, Inc. (NYSE:EXPR) – Analysts at B. Riley lifted their FY2018 earnings per share estimates for Express in a research report issued to clients and investors on Thursday. B. Riley analyst S. Anderson now forecasts that the company will post earnings of $0.44 per share for the year, up from their prior estimate of $0.43. B. Riley currently has a “Neutral” rating and a $9.00 target price on the stock. B. Riley also issued estimates for Express’ Q4 2018 earnings at $0.41 EPS and FY2019 earnings at $0.56 EPS.
Express (NYSE:EXPR) last issued its quarterly earnings results on Thursday, November 30th. The company reported $0.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.08. The firm had revenue of $498.70 million for the quarter, compared to analysts’ expectations of $487.38 million. Express had a return on equity of 3.85% and a net margin of 0.60%. Express’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS.
Express (NYSE EXPR) traded up $0.40 during trading hours on Monday, reaching $11.05. The company’s stock had a trading volume of 3,379,136 shares, compared to its average volume of 2,371,094. Express has a 52 week low of $5.28 and a 52 week high of $12.40. The stock has a market cap of $825.85, a PE ratio of 33.81 and a beta of 1.55.
Express announced that its Board of Directors has approved a stock buyback plan on Thursday, November 30th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Several hedge funds and other institutional investors have recently made changes to their positions in EXPR. Teachers Advisors LLC grew its stake in shares of Express by 4.2% in the 1st quarter. Teachers Advisors LLC now owns 131,494 shares of the company’s stock valued at $1,198,000 after buying an additional 5,292 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Express by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 7,244,465 shares of the company’s stock valued at $65,997,000 after buying an additional 440,448 shares in the last quarter. Morgan Stanley grew its stake in shares of Express by 18.5% in the 1st quarter. Morgan Stanley now owns 537,761 shares of the company’s stock valued at $4,899,000 after buying an additional 84,073 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Express in the 1st quarter valued at approximately $2,962,000. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Express by 0.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 642,153 shares of the company’s stock valued at $5,851,000 after buying an additional 5,537 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.
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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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