Latest Stocks: -$0.02 EPS Expected for Express, Inc. (EXPR) This Quarter

Latest Stocks: -$0.02 EPS Expected for Express, Inc. (EXPR) This Quarter

Wall Street analysts expect Express, Inc. (NYSE:EXPR) to announce earnings of ($0.02) per share for the current quarter, Zacks reports. Three analysts have issued estimates for Express’ earnings, with estimates ranging from ($0.03) to ($0.02). Express posted earnings per share of $0.25 during the same quarter last year, which would indicate a negative year-over-year growth rate of 108%. The business is expected to report its next earnings results on Wednesday, May 24th.

On average, analysts expect that Express will report full year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.69. For the next financial year, analysts forecast that the firm will report earnings of $0.81 per share, with EPS estimates ranging from $0.77 to $0.85. Zacks’ EPS averages are an average based on a survey of research analysts that follow Express.

Express (NYSE:EXPR) last released its quarterly earnings data on Wednesday, March 8th. The company reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. Express had a return on equity of 15.68% and a net margin of 3.98%. The firm had revenue of $678.80 million during the quarter, compared to the consensus estimate of $675.07 million. During the same period last year, the business posted $0.67 EPS. Express’s quarterly revenue was down 11.3% on a year-over-year basis. Several brokerages have issued reports on EXPR. FBR & Co reissued a “hold” rating and set a $9.00 target price on shares of Express in a research note on Wednesday, March 15th. MKM Partners reissued a “neutral” rating and set a $10.00 target price (down from $11.00) on shares of Express in a research note on Monday, March 13th. Wedbush reissued a “neutral” rating and set a $9.00 target price (down from $11.00) on shares of Express in a research note on Saturday, March 11th. Finally, Mizuho downgraded shares of Express from a “buy” rating to a “neutral” rating and cut their target price for the company from $15.00 to $10.00 in a research note on Thursday, March 9th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.50.

A number of large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Express by 51,884.8% in the first quarter. BlackRock Inc. now owns 10,035,668 shares of the company’s stock worth $91,425,000 after buying an additional 10,016,363 shares in the last quarter. Vanguard Group Inc. boosted its stake in Express by 6.5% in the first quarter. Vanguard Group Inc. now owns 7,244,465 shares of the company’s stock worth $65,997,000 after buying an additional 440,448 shares during the period. Dimensional Fund Advisors LP boosted its stake in Express by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,602,465 shares of the company’s stock worth $60,149,000 after buying an additional 501,305 shares during the period. BlackRock Fund Advisors boosted its stake in Express by 17.8% in the third quarter. BlackRock Fund Advisors now owns 5,437,757 shares of the company’s stock worth $64,111,000 after buying an additional 821,802 shares during the period. Finally, State Street Corp boosted its stake in Express by 6.2% in the first quarter. State Street Corp now owns 2,379,166 shares of the company’s stock worth $21,673,000 after buying an additional 138,418 shares during the period. Hedge funds and other institutional investors own 96.11% of the company’s stock. Express (NYSE:EXPR) traded down 3.02% during trading on Friday, reaching $7.70. The company had a trading volume of 1,617,390 shares. The firm has a market capitalization of $603.79 million, a P/E ratio of 10.55 and a beta of 1.57. The company has a 50-day moving average of $8.61 and a 200-day moving average of $10.55. Express has a 52-week low of $7.69 and a 52-week high of $16.88. Express also saw some unusual options trading activity on Tuesday. Investors purchased 10,532 put options on the stock. This is an increase of 1,183% compared to the typical daily volume of 821 put options.

A number of large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Express by 51,884.8% in the first quarter. BlackRock Inc. now owns 10,035,668 shares of the company’s stock worth $91,425,000 after buying an additional 10,016,363 shares in the last quarter. Vanguard Group Inc. boosted its stake in Express by 6.5% in the first quarter. Vanguard Group Inc. now owns 7,244,465 shares of the company’s stock worth $65,997,000 after buying an additional 440,448 shares during the period. Dimensional Fund Advisors LP boosted its stake in Express by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,602,465 shares of the company’s stock worth $60,149,000 after buying an additional 501,305 shares during the period. BlackRock Fund Advisors boosted its stake in Express by 17.8% in the third quarter. BlackRock Fund Advisors now owns 5,437,757 shares of the company’s stock worth $64,111,000 after buying an additional 821,802 shares during the period. Finally, State Street Corp boosted its stake in Express by 6.2% in the first quarter. State Street Corp now owns 2,379,166 shares of the company’s stock worth $21,673,000 after buying an additional 138,418 shares during the period. Hedge funds and other institutional investors own 96.11% of the company’s stock. 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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