Express (NYSE:EXPR) issued its earnings results on Thursday. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01, Bloomberg Earnings reports. Express had a net margin of 1.84% and a return on equity of 5.94%. The firm had revenue of $515.00 million during the quarter, compared to the consensus estimate of $505.46 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis.
Shares of EXPR stock opened at $6.24 on Friday. Express has a 12-month low of $5.66 and a 12-month high of $11.69. The firm has a market cap of $498.99 million, a PE ratio of 17.33 and a beta of 1.09.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Express by 3.6% during the third quarter. BlackRock Inc. now owns 10,648,459 shares of the company’s stock worth $117,772,000 after acquiring an additional 371,547 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Express by 1.4% during the third quarter. Vanguard Group Inc. now owns 7,256,644 shares of the company’s stock worth $80,259,000 after acquiring an additional 98,995 shares in the last quarter. Contrarius Investment Management Ltd increased its position in shares of Express by 15.3% during the second quarter. Contrarius Investment Management Ltd now owns 6,773,637 shares of the company’s stock worth $61,979,000 after acquiring an additional 897,275 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Express by 10.7% during the second quarter. Bank of New York Mellon Corp now owns 4,172,692 shares of the company’s stock worth $38,179,000 after acquiring an additional 403,825 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of Express by 2.9% during the third quarter. LSV Asset Management now owns 1,571,300 shares of the company’s stock worth $17,378,000 after acquiring an additional 44,727 shares in the last quarter.
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.
Further Reading: Book Value Of Equity Per Share – BVPS Explained
Receive News & Ratings for Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express and related companies with MarketBeat.com's FREE daily email newsletter.