Express (EXPR) Issues FY19 Earnings Guidance
Express (NYSE:EXPR) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $0.43-0.49 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.42. Express also updated its Q3 guidance to $0.08-0.11 EPS.
A number of analysts recently commented on the stock. Wedbush assumed coverage on shares of Express in a research report on Thursday, May 10th. They issued a neutral rating and a $9.00 price objective for the company. ValuEngine upgraded shares of Express from a sell rating to a hold rating in a research report on Wednesday, May 9th. B. Riley increased their target price on Express from $8.00 to $9.00 and gave the stock a neutral rating in a report on Thursday. SunTrust Banks increased their target price on Express from $8.00 to $9.00 and gave the stock a hold rating in a report on Thursday, July 12th. Finally, Zacks Investment Research upgraded Express from a strong sell rating to a hold rating in a report on Monday, May 21st. Eight equities research analysts have rated the stock with a hold rating, The company has an average rating of Hold and an average target price of $9.00.
EXPR stock opened at $10.66 on Friday. The stock has a market cap of $744.50 million, a price-to-earnings ratio of 29.61 and a beta of 0.86. Express has a 1 year low of $5.82 and a 1 year high of $11.34.
In other Express news, EVP James A. Hilt sold 11,000 shares of the stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $9.41, for a total transaction of $103,510.00. Following the completion of the transaction, the executive vice president now owns 102,557 shares in the company, valued at approximately $965,061.37. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.20% of the stock is currently owned by corporate insiders.
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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