Express, Inc. (EXPR) Expected to Post Quarterly Sales of $691.56 Million
Brokerages expect Express, Inc. (NYSE:EXPR) to report sales of $691.56 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Express’ earnings, with estimates ranging from $668.70 million to $713.40 million. Express posted sales of $678.78 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.9%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, March 14th.
On average, analysts expect that Express will report full-year sales of $691.56 million for the current year, with estimates ranging from $2.11 billion to $2.14 billion. For the next financial year, analysts forecast that the company will report sales of $2.10 billion per share, with estimates ranging from $2.09 billion to $2.11 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Express.
Express (NYSE:EXPR) last released its earnings results on Thursday, November 30th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $498.70 million for the quarter, compared to analyst estimates of $487.38 million. Express had a net margin of 0.60% and a return on equity of 3.85%. Express’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 earnings per share.
Several hedge funds and other institutional investors have recently made changes to their positions in EXPR. Zeke Capital Advisors LLC acquired a new stake in shares of Express in the 4th quarter worth about $108,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Express in the 2nd quarter worth about $114,000. Public Employees Retirement System of Ohio raised its holdings in shares of Express by 29.5% in 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 last quarter. Alambic Investment Management L.P. acquired a new stake in shares of Express in the 4th quarter worth about $147,000. Finally, Gotham Asset Management LLC acquired a new stake in shares of Express in the 2nd quarter worth about $148,000. Hedge funds and other institutional investors own 98.40% of the company’s stock.
Express (EXPR) remained flat at $$7.11 during mid-day trading on Monday. 1,262,425 shares of the company’s stock were exchanged, compared to its average volume of 1,861,099. The firm has a market cap of $560.33, a price-to-earnings ratio of 44.44 and a beta of 1.03. Express has a 12-month low of $5.28 and a 12-month high of $11.68.
Express declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 30th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
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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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