Express, Inc. (EXPR) Forecasted to Earn FY2019 Earnings of $0.49 Per Share
Express, Inc. (NYSE:EXPR) – Analysts at B. Riley boosted their FY2019 EPS estimates for shares of Express in a research report issued on Thursday, August 30th. B. Riley analyst S. Anderson now forecasts that the company will earn $0.49 per share for the year, up from their prior estimate of $0.45. B. Riley has a “Neutral” rating and a $9.00 price target on the stock. B. Riley also issued estimates for Express’ Q4 2019 earnings at $0.34 EPS and FY2020 earnings at $0.63 EPS.
Several other research analysts have also recently weighed in on the stock. SunTrust Banks increased their price target on shares of Express from $8.00 to $9.00 and gave the company a “hold” rating in a report on Thursday, July 12th. ValuEngine cut shares of Express from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Zacks Investment Research raised shares of Express from a “strong sell” rating to a “hold” rating in a report on Monday, May 21st. Finally, Wedbush began coverage on shares of Express in a report on Thursday, May 10th. They issued a “neutral” rating and a $9.00 price target on the stock. Eight analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $9.00.
Express (NYSE:EXPR) last issued its earnings results on Wednesday, August 29th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $493.60 million for the quarter, compared to analysts’ expectations of $482.37 million. Express had a net margin of 1.14% and a return on equity of 5.39%. Express’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS.
Institutional investors have recently added to or reduced their stakes in the business. Spark Investment Management LLC increased its holdings in shares of Express by 150.1% during the second quarter. Spark Investment Management LLC now owns 1,102,000 shares of the company’s stock worth $10,083,000 after purchasing an additional 661,400 shares during the period. Wells Fargo & Company MN increased its holdings in shares of 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 purchasing an additional 15,767 shares during the period. Alps Advisors Inc. bought a new position in shares of Express during the first quarter worth approximately $569,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Express by 18.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 499,484 shares of the company’s stock worth $3,576,000 after purchasing an additional 76,573 shares during the period. Finally, Granite Investment Partners LLC bought a new position in shares of Express during the second quarter worth approximately $12,679,000.
In other Express news, EVP James A. Hilt sold 11,000 shares of the stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $9.41, for a total value of $103,510.00. Following the transaction, the executive vice president now directly owns 102,557 shares of the company’s stock, valued at approximately $965,061.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is owned by corporate insiders.
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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