Zacks: Analysts Anticipate Express, Inc. (EXPR) Will Announce Earnings of $0.10 Per Share

Brokerages expect Express, Inc. (NYSE:EXPR) to post $0.10 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Express’ earnings, with estimates ranging from $0.09 to $0.11. Express posted earnings per share of $0.08 during the same quarter last year, which indicates a positive year over year growth rate of 25%. The company 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 year, with EPS estimates ranging from $0.44 to $0.49. For the next fiscal year, analysts anticipate that the company will report earnings of $0.53 per share, with EPS estimates ranging from $0.46 to $0.63. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side 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 for the quarter. Express had a return on equity of 5.64% and a net margin of 1.78%. The firm had revenue of $493.60 million during the quarter, compared to analyst estimates of $482.37 million. During the same quarter last year, the firm earned $0.01 EPS. Express’s quarterly revenue was up 2.6% on a year-over-year basis.

A number of equities research analysts have weighed in on EXPR shares. SunTrust Banks raised their price objective on Express from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Thursday, July 12th. B. Riley raised their price objective on Express from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 30th. Six analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $9.40.

NYSE EXPR traded down $0.26 during mid-day trading on Friday, reaching $9.26. 92,845 shares of the company’s stock traded hands, compared to its average volume of 2,424,248. Express has a 1-year low of $6.17 and a 1-year high of $11.69. The firm has a market cap of $682.44 million, a PE ratio of 25.53 and a beta of 1.09.

Several institutional investors and hedge funds have recently modified their holdings of EXPR. Granite Investment Partners LLC acquired a new position in shares of Express in the 2nd quarter worth approximately $12,679,000. Contrarius Investment Management Ltd lifted its holdings 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 worth $61,979,000 after purchasing an additional 897,275 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Express by 204.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,245,987 shares of the company’s stock worth $13,781,000 after purchasing an additional 836,893 shares during the last quarter. Spark Investment Management LLC lifted its holdings in shares of Express by 150.1% in the 2nd 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 last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Express by 83.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,196,300 shares of the company’s stock worth $10,946,000 after purchasing an additional 543,100 shares during the last quarter.

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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