Express, Inc. (EXPR) Expected to Post Quarterly Sales of $726.75 Million

Equities research analysts expect Express, Inc. (NYSE:EXPR) to post sales of $726.75 million for the current quarter, Zacks reports. Three analysts have made estimates for Express’ earnings, with the highest sales estimate coming in at $753.50 million and the lowest estimate coming in at $713.35 million. Express posted sales of $678.78 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, March 14th.

According to Zacks, analysts expect that Express will report full-year sales of $726.75 million for the current financial year, with estimates ranging from $2.16 billion to $2.20 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.18 billion per share, with estimates ranging from $2.14 billion to $2.25 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow 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, hitting the Thomson Reuters’ consensus estimate of $0.08. Express had a net margin of 1.26% and a return on equity of 3.97%. The business had revenue of $498.70 million for the quarter, compared to analysts’ expectations of $487.38 million. During the same period last year, the company earned $0.15 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis.

Several research firms recently issued reports on EXPR. Zacks Investment Research raised shares of Express from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Monday, December 4th. SunTrust Banks set a $10.00 target price on shares of Express and gave the stock a “hold” rating in a research report on Friday, December 1st. BMO Capital Markets set a $10.00 target price on shares of Express and gave the stock a “hold” rating in a research report on Friday, December 1st. B. Riley raised their target price on shares of Express from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, November 30th. Finally, TheStreet raised shares of Express from a “d+” rating to a “c-” rating in a research report on Thursday, November 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $9.13.

Shares of Express (EXPR) opened at $11.22 on Friday. Express has a 12-month low of $5.28 and a 12-month high of $12.40. The stock has a market cap of $870.83, a P/E ratio of 35.65 and a beta of 1.55.

Express declared that its board has approved a stock buyback plan on Thursday, November 30th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently bought and sold shares of EXPR. Teachers Advisors LLC raised its holdings in Express by 4.2% in the first 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 during the period. Renaissance Technologies LLC purchased a new stake in shares of Express during the first quarter valued at approximately $2,962,000. State Street Corp raised its stake in shares of Express by 6.2% during the first quarter. State Street Corp now owns 2,379,166 shares of the company’s stock valued at $21,673,000 after purchasing an additional 138,418 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Express by 21.1% during the first quarter. Public Employees Retirement System of Ohio now owns 16,017 shares of the company’s stock valued at $146,000 after purchasing an additional 2,795 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of Express by 77.6% during the second quarter. State of Alaska Department of Revenue now owns 15,361 shares of the company’s stock valued at $103,000 after purchasing an additional 6,711 shares during the period. Hedge funds and other institutional investors own 98.61% of the company’s stock.

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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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