Express (EXPR) Announces Quarterly Earnings Results

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.



EXPR has been the subject of several recent analyst reports. B. Riley upped their target price on shares of Express from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 30th. ValuEngine downgraded shares of Express from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Express presently has an average rating of “Hold” and a consensus price target of $9.00.

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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

Earnings History for Express (NYSE:EXPR)

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