Latest Stocks: $469.82 Million in Sales Expected for Express, Inc. (EXPR) This Quarter

Latest Stocks: $469.82 Million in Sales Expected for Express, Inc. (EXPR) This Quarter

Equities research analysts expect that Express, Inc. (NYSE:EXPR) will report $469.82 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Express’ earnings, with estimates ranging from $466.55 million to $474 million. Express posted sales of $502.91 million in the same quarter last year, which would indicate a negative year over year growth rate of 6.6%. The business is scheduled to report its next earnings results on Wednesday, May 24th.

On average, analysts expect that Express will report full year sales of $469.82 million for the current year, with estimates ranging from $2.16 billion to $2.25 billion. For the next financial year, analysts expect that the business will post sales of $2.25 billion per share, with estimates ranging from $2.2 billion to $2.33 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for 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. A number of research firms have weighed in on EXPR. MKM Partners restated a “neutral” rating and issued a $10.00 target price (down from $11.00) on shares of Express in a research report on Monday, March 13th. Wedbush restated a “neutral” rating and issued a $9.00 target price (down from $11.00) on shares of Express in a research report on Saturday, March 11th. Mizuho downgraded Express from a “buy” rating to a “neutral” rating and cut their target price for the stock from $15.00 to $10.00 in a research report on Thursday, March 9th. Finally, FBR & Co restated a “hold” rating and issued a $9.00 target price on shares of Express in a research report on Wednesday, March 15th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.50.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased 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 valued at $91,425,000 after buying an additional 10,016,363 shares during the period. Norges Bank purchased a new stake in shares of Express during the fourth quarter valued at about $15,217,000. Dimensional Fund Advisors LP increased its stake in shares of Express by 23.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,101,160 shares of the company’s stock valued at $65,649,000 after buying an additional 1,143,914 shares during the period. BlackRock Fund Advisors increased its stake in shares of Express by 17.8% in the third quarter. BlackRock Fund Advisors now owns 5,437,757 shares of the company’s stock valued at $64,111,000 after buying an additional 821,802 shares during the period. Finally, Two Sigma Advisers LP increased its stake in shares of Express by 191.6% in the third quarter. Two Sigma Advisers LP now owns 1,101,586 shares of the company’s stock valued at $12,988,000 after buying an additional 723,799 shares during the period. 96.11% of the stock is currently owned by institutional investors. Express (NYSE:EXPR) traded down 3.02% during trading on Friday, reaching $7.70. The company had a trading volume of 1,616,590 shares. The company has a 50-day moving average of $8.61 and a 200-day moving average of $10.55. The firm has a market capitalization of $603.79 million, a P/E ratio of 10.55 and a beta of 1.57. Express has a 52-week low of $7.69 and a 52-week high of $16.88. Express also was the recipient of unusually large options trading on Tuesday. Stock traders acquired 10,532 put options on the company. This represents an increase of 1,183% compared to the typical volume of 821 put options.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased 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 valued at $91,425,000 after buying an additional 10,016,363 shares during the period. Norges Bank purchased a new stake in shares of Express during the fourth quarter valued at about $15,217,000. Dimensional Fund Advisors LP increased its stake in shares of Express by 23.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,101,160 shares of the company’s stock valued at $65,649,000 after buying an additional 1,143,914 shares during the period. BlackRock Fund Advisors increased its stake in shares of Express by 17.8% in the third quarter. BlackRock Fund Advisors now owns 5,437,757 shares of the company’s stock valued at $64,111,000 after buying an additional 821,802 shares during the period. Finally, Two Sigma Advisers LP increased its stake in shares of Express by 191.6% in the third quarter. Two Sigma Advisers LP now owns 1,101,586 shares of the company’s stock valued at $12,988,000 after buying an additional 723,799 shares during the period. 96.11% of the stock is currently owned by institutional investors. About Express

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.

Get a free copy of the Zacks research report on Express (EXPR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com Receive News & Ratings for Express Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Express Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Related posts

Leave a Comment